Cyprus Doesn T News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> neil: of if you look at what is going on, art, the idea is to contain it by going after the wealthy, but since we have this unprecedented seize of bank assets, many of medium and lower income folks will say, i'm not going to take me chances and take my money. >> of course they will. being on the caboose, and the train is going over with the rich ones first, but the caboose well go, too. no one is going to ever deposit there again, either, neil. who wants to deposit in a bank you can't get your money out of? it's crazy. and cyprus doesn't have the gravitas, the soldity of a country that can ...

They will lose their job. the both would take measure to consolidate the troubled cypriot financial failure to protect the smaller deposito depositors, said to be part of plan "b" to contribute to multibillion dollar bail out by the country. >> there is only one tactic. to save our economy and our country. >> the original plan for cyprus to tap in private bank account. it was nixed by officials after widespread outrage. a new approach includes a solidarity fund reportedly based on state assets including pension funds. the european union is worried that problems will spread and cut support by m...

This morning. the problem is going to sound familiar to you. if cyprus doesn't get a bailout, it could go bankrupt, exit the euro-zone and lead to financial instability at exactly the wrong time for the world economy. the plan to fix the problems there include slapping a fee on bank deposits in the country. we complain about bank fees here. this is one major bank fee. they voted this bank fee down and now a bailout of the country is in jeopardy. here's what they were thinking of. if you get a bank account with $129,000, you would have been taxed $8,700, gone. taken right out of your account ju...