by Bob Adelmann The wealthy really are different from the rest of us. They have money and they have connections. With those connections they are able to keep their money. The rest of us? Not so much. With the imposition of the Eurogroup’s mandates come the inevitable capital controls. Anyone …
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While Nobody Is Looking, EU Swipes National Sovereignty & Personal Money Right Out of Cypriots' Bank Accounts
by Bob Adelmann In an outrageous, audacious and unprecedented move, the European Union has abrogated Cypriot sovereignty and imposed an immediate tax on citizens of Cyprus holding their money in local banks. The rate is 6.7% on accounts under 100,000 euros and 9.9% on accounts over 100,000. It was imposed …