[lbo-talk] 40 percent haircut ?

Wojtek S wsoko52 at gmail.com
Mon Mar 25 10:41:01 PDT 2013

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The percentages to be raised from uninsured deposits of more than 100,000 euros in Laiki bank and in Bank of Cyprus have not yet been announced.

Mr Stylianides said the figure could be "around 30%" for uninsured Bank of Cyprus deposits. Other estimates have put the figure at about 40%.

[WS:] It is my understanding that it will hit mostly Russian and UK oligarchs. Not such a bad thing, no?

-- Wojtek

"An anarchist is a neoliberal without money."