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.
The large accounts ( EUR100,000+) were not insured. The Cypriot banks were offering up to 11% interest per annum. Clearly a risky proposition. Didn’t Europeans learn anything from the Icelandic bank collapses? This is not that big a deal. So they lose the equivalent of one year’s anticipated interest. The smaller insured domestic accounts were paying 4 to 6% interest. So even in that case the haircut is approximately equivalent to one year’s interest.