Cyprus savers told to expect 40% loss

[phantom_opera]

Cyprus savers told to expect 40% losses

as reported by FT

:banghead:

[phantom_opera]

of course it is too small to affect THE MARKET

http://news.bbcimg.co.uk/media/images/66608000/gif/_66608379_cyprus_bailout_compare_304.gif

[buttercarp]

Cyprus banks used to have good ratings in 2010.
That shows that savings in the bank is also proned to risks.

Their bank deposits are guaranteed up to 100k euro, so the man in the street is unlikely to be affected.

Bro phantom, I saw a chart on Cyprus bank rating from 2010 to 2013 but can't seem to find it. Perhaps you can help me find it. TIA.

[buttercarp]

http://edition.cnn.com/2013/03/25/business/opinion-quest-cyprus-bailout/index.html

Watch the CNN video clip.
It talks about the property bubble in the UK in 2007.

All the recent loan curbs on housing and car may be in anticipation of the bubble.