By: Fr@ncesco on Lunedì 18 Marzo 2013 09:36
Da sud a nord a est a ovest dell'Europa stanno girando voci dalle provenienze più disparate che convergono nell'affermare che quella di Cipro è la prova del metodo che si ha intenzione di usare per l'Italia...
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^‘SPANISH AND ITALIAN BANKS COULD FACE SIMILAR LEVIES’ – Cypriot official#http://english.ruvr.ru/2013_03_18/Spanish-and-Italian-banks-could-face-similar-levies-Cypriot-official/^
The Eurogroup and the Cypriot government are trying to prove that the “unique solidarity levy” on all Cypriot bank account is a “one off” measure. Now, as the details of the negotiations on the bailout package start leaking out, it becomes clear that no European bank account is safe from expropriation.
An unnamed Cypriot official told Reuters about the attempt to exempt the small accounts from the levy. "We had proposed a levy with a rate of zero below 100,000 euro, and a higher one afterwards," said the official. "The Cypriot president did not want to agree to a levy higher than 10%, and if you do the numbers you get the 6.75 and 9.9%.” Without a levy for the small accounts, the big accounts would have suffered a much bigger haircut, most likely around 40%. For the Eurogroup and the Cypriot government, imposing a 40% haircut was impossible due to the political implications of such a move. Reuters reports that one senior Cypriot official involved in the talks said that “because about 35% of all deposits are below the threshold, exempting them would mean a rate so high for the rest that it would no longer be viewed as a tax.”
Independent financial experts, journalists and governmental sources believe that the Eurogroup and the ECB need a flawless execution of the bailout agreement, because the bailout package for Cyprus will likely serve as blueprint for future bailouts. Most likely recipients of such bailout packages are the so-called PIGS countries: Portugal, Italy, Greece and Spain. "If this is successful then it will be used in the future," said the Cypriot official, predicting Spanish and Italian banks could face similar levies. "If this is not successful then who cares about Cyprus."
The capital flight from the eurozone is expected to start soon. Banks from Norway, Sweden, Switzerland, Great Britain and Singapore are already experiencing an inflow of funds that are being taken out of the European banks, mainly from Italy, Spain and Portugal. If the Eurogroup and the IMF hope to get a “haircut” from the bank deposits in other European countries, they will likely find out that there are very few deposits left after the Cyprus bailout debacle.