Cyprus bank levy hits not only the super-rich

NoComment 2013-03-26

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Agreeing to a ten-billion euro bailout means that people with more than 100,000 euros in a Cypriot bank account will have some of it taken away. The percentage of the levy has not yet been decided.

It is not only the super-rich who are affected. Architect Michael Orphanides has saved over 200,000 euros for his retirement.

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