20.38 The EuroGroup has released an official statement. It recommends that Cyprus eases terms on small depositors, reaffirms the importance of deposit guarantees under 100,000, maintains that Cyprus must stick to the 5.8bn goal and asserts that the deposit levy is "one off" measure.
20.24 The EuroGroup has decided to give Cyprus more flexibility over the bank levy, a Greek finance ministry source has told Reuters. The EuroGroup has agreed that depositors with less than 100,000 should be protected, the official said.
(What the heck is a 'One Off' measure ?)
I guess Obama got to him and said "Tax the Rich"
...so they say.
It measn they will only do it once.
sure they will.
Russians have many of the larger accounts -- some of the money is even legit -- and quite possibly won't react with charity to this proposal to raise the assessment from 10% on their share. It is possible that some of the less nuanced individuals will even be angered. A significant number of the remaining larger accounts belong to various Europeans who aren't likely to feel excessive altruism either.
“One off” means they promise to never, ever, ever do it again. Really they won’t.
one off = “check is in the mail”,” I won’t [censored for FR]”, etc.