Cyrrus (Cyrrus)
Markets  |  March 18, 2013 10:17:18

Taxation of bank deposits in Cyprus moves the world Major new theme is currently becoming a situation in Cyprus. The agreement, which should help to Cypriot banks includes a tax on deposits with these banks. The amount of tax is not yet precisely determined, but is likely to be around 6.75% for deposits below 100 thousand. EUR and 9.9% above 100 thousand. EUR. In this case, should bring about EUR 5.8 billion, which would represent more than half of the 10 billion euro bailout. Under these conditions, however, threatens the runes on the banks. The tax would have a meeting today from 16:00 to approve Cypriot legislators. The ECB is clearly opposed to this proposal and asks his change. Situation undermines currently much-needed confidence in the financial markets and the banking sector.According to the European Commission with a similar instrument would not apply in any other country, is said to be unique only to Cyprus. Classic bailout is not by politicians due to the specific conditions Cypriot possible. On the market there are now fears of transmission "Cypriot contagion" to other weak countries, especially Greece. As a response to increased interest in safe assets such as the German 10-year bonds, gold or U.S. dollars. Revenues from the German 10-year bonds were again below zero, which means that investors are willing to even pay for them to have their funds deposited in Germany.

Related news:

EU on Saturday decided on the fate of the euro area
Currency reform in the eurozone as embroidered

Was this article: 10 | 8 | 6 | 4 | 2 | 0

Last news from the section Markets:

Pá   8:24  Zisk Microsoftu ve čtvrtletí stoupl o desetinu Patria (Patria Finance)
Čt 22:15  Výsledková sezona dnes investorům radost neudělala Patria (Patria Finance)
Čt 18:29  Sedmnáct akcií pro dlouhodobější investory Patria (Patria Finance)

Read also:

March 20, 2013Czech Mint: How can we protect ourselves before tax bank deposits? Vladimír Urbánek (
December 03, 2012How bank deposits moved to secure Germany Vladimír Urbánek (
August 03, 2012Super Mario Movers & Shakers Forex Zone (Forex Zone)
February 20, 2012Potraviny světem hýbou, část první… Vladimír Urbánek (

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688