Select a language
Holding an emergency teleconference on March 18, the Eurogroup decided to adjust the bailout for Cyprus and drop the controversial levy on Cypriot saving deposits of less than €100,000.
On March 16, the EU’s 17 finance ministers decided that in exchange for a €10bn bailout, there would a 9.9 per cent tax on all bank deposits exceeding €100,000 and 6.7 per cent on deposits below that figure.
According to the Belgian daily the Eurogroup “forgot” that the measure to tax smaller savings would have such a dangerous impact on the Eurozone. Until now Europe has always guaranteed savings up to €100,000.
A conversation with investigative reporters Stefano Valentino and Giorgio Michalopoulos, who have dissected the dark underbelly of green finance for Voxeurop and won several awards for their work.
Go to the event >