Friday, 14 June 2013


Bank Deposits Confiscation: The 'Cyprus Experiment' and the Launch of a Global Trend

'In March 2013 the events in Cyprus shock the world to hit the radar screen of world media.
The bank deposits were confiscated. Some tried to make it look as an emergency measure, an exclusion from the rules that define banking activities and the functioning of market economy.
But there is a solid ground to believe the confiscations are to become a routine feature of everyday life.'