
Laiki Bank customers are also reported to be facing the loss of 80 per cent of their deposits above the £85,000 limit.
An early bailout plan – highlighted by The Mail on Sunday two weeks ago – would have seen the losses shared across all bank customers, regardless of their balance.
However, that plan was voted down by the Cypriot parliament, leaving the country in urgent need of a new solution to raise its €5.8 billion contribution towards the bailout.
http://www.dailymail.co.uk/news/article-2301737/Its-robbery-New-Cyprus-bombshell-Britons-told-lose-EVERYTHING-85k.html