Better to Bank with Cyprus Than the United States?

April 07, 2013   |   April 2013 Bond Updates
Imagine that five years ago, you could put your money either with a bank in Cyprus or America. After those five years, the bank in Cyprus will confiscate 10% of your money with a onetime tax. Where would be the more favorable place to deposit your savings?

View more at: http://www.forbes.com/sites/davidmarotta/2013/04/07/better-to-bank-with-cyprus-than-the-united-states/
 
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