Anyone following what is currently happening in Cyprus. If I understand it correctly, the authorities decided to slap a tax on all monies held in bank accounts. 9.9% tax on all amounts over €100 000 and 6.? tax on below a €100 000. The rumor has caused a run on the banks and all accounts is frozen for withdrawal, including ATM, over the counter and EFT.
My question is, if it goes through, what is the chances of the ANC following the example? Or even if it does not go through, that they try it in any case?