April 08, 2013 at 10:13 AM EDT
Better to Bank with Cyprus Than the United States?
BY DAVID JOHN MAROTTA AND MEGAN RUSSELL 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? If you answered America, [...]
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