Cyprus latest: EU forces closure of banks ~ Ripped-off Britons

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Tuesday 26 March 2013

Tuesday, March 26, 2013 Posted by Hari No comments Labels: banks, budget cuts, credit crunch, HMRC, taxation

Cyprus latest: EU forces closure of banks

Posted by Hari on Tuesday, March 26, 2013 with No comments | Labels: banks, budget cuts, credit crunch, HMRC, taxation

Cameron catches up on the news...

SOURCE GUARDIAN: Cyprus bailout deal with EU closes bank and seizes large deposits
The Cypriot economy is based on a banking sector that has been used as a tax haven and a home to laundered money. The EU bailout plan will close the second largest bank, with the wealthiest depositors, shareholders and bondholders losing substantial amounts.

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Tuesday 26 March 2013

Cyprus latest: EU forces closure of banks

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In numbers (+ a cool animation): Global tax evasion and money laundering

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