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  • You to definitely Israeli financial apparently liquidated diamonds cherished from the $6 million for $4 million inside cash in late 1981.
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The newest financiers dreadful when the newest mines was designed in Southern Africa, expensive diamonds create become at the best merely semiprecious gems. The fresh terms of the new Cypriot bailout (and you will bail-in) is actually as simple as he could be surprising. Germany often cough right up on the $13 billion, and you may, in exchange, Cyprus tend to levy a great “one-time” income tax to your bank dumps to boost an additional $7.5 billion. So it income tax will take six.75 per cent of covered deposits out of €one hundred,000 ($129,000) or shorter, and you can 9.9 % away from uninsured amounts over €a hundred,000. While you are wondering why someone perform remain their funds inside the an excellent Cypriot bank today, better, it wouldn’t. The only reason why is not going on now could be their banking institutions is actually closed to have an extended holiday.

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