It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Cypriot lawmakers have voted overwhelmingly against a deeply unpopular plan to tax bank deposits, putting an international bailout in jeopardy.
The draft bill being discussed in parliament was believed to suggest a 6.75% tax on all savings between 20,000 and 100,000 euros and 9.9% on all savings over 100,000 euros.
Originally posted by thegoods724
Thats great and all but what will the bank do if people still dont trust the bank and they want to pull there money out. Will there still be a run on the bank, and will it be worse since there is more money to pull out and the bank is financially struggling without any extra funding?