I know this may not sound conservative, but the people of Cyprus, like in many Euroweanie Countries deserve to have their savings confiscated. They demand that the government provide for them from craddle to grave and then do eveything they can to avoid the taxes that are necessary to support the services that they demand. Stupid is as stupid does.
And using that logic then you could say the same thing about US savers.
The real culprits are the governments and the bankers. People get used to living with what they have until bankers run unsustainable scams so that governments can create unsustainable entitlements. Therefore getting people used to what they should not of ever had. This calamity was planned and intentional from the get go. As it serves the interest of those who want to destroy freedom and the west. But that is another subject.
How did these accounts accumulate over 100,000 Euro if they belong to people who sucked welfare from cradle to grave?
There is some hot money from Russia, BUT MOST WAS EARNED LEGITIMATELY IN BUSINESS OR INVESTMENT, much by retired foreigners (e.g UK).
With a Greek name I'd expect you have at least a minimal understanding of that part of the world.
Well, at least it's no worse than your comprehension of any other topic.
I’m willing to bet that the majority of Cypriots with over 100K Euros aren’t the ones voting for cradle to grave services. Same as it is here.
NO, that sounds like about 50% of the USA people...