A very interesting and informative piece by Ellen Brown on how this in Cyprus is even now having an effect world wide and setting precedents whether Cyprus is saved or not.
webofdebt.wordpress.com/2013/03/21/a-saf...he-battle-of-cyprus/
Deffinately 'the bigger picture' view.

Jane

A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent to Embassies around the world today is advising both Russian citizens and companies to begin divesting their assets from Western banking and financial institutions “immediately” as Kremlin fears grow that both the European Union and United States are preparing for the largest theft of private wealth in modern history.

According to this “urgent bulletin,” this warning is being made at the behest of Prime Minister Medvedev who earlier today warned against the Western banking systems actions against EU Member Cyprus by stating:

“All possible mistakes that could be made have been made by them, the measure that was proposed is of a confiscation nature, and unprecedented in its character. I can’t compare it with anything but … decisions made by Soviet authorities … when they didn’t think much about the savings of their population. But we are living in the 21st century, under market economic conditions. Everybody has been insisting that ownership rights should be respected.”

Medvedev’s statements echo those of President Putin who, likewise, warned about the EU’s unprecedented private asset grab in Cyprus calling it “unjust, unprofessional, and dangerous.”

I'm not sure actually if most russian banks are state owned.

In the 1998 Asian crisis, many Russians who had put all their savings in private banks lost everything; and the credit crisis of 2008 has reinforced their distrust of private banks. Russian businesses as well as individuals have turned to their government-owned banks as the more trustworthy alternative. As a result, state-owned banks are expected to continue dominating the Russian banking industry for the foreseeable future.

!

Tax losses for political gain....hahahahaha!
The system fucking itself up its own ass.

In most legal systems, . . . the funds deposited are no longer the property of the customer. The funds become the property of the bank, and the customer in turn receives an asset called a deposit account (a checking or savings account). That deposit account is a liability of the bank on the bank’s books and on its balance sheet. Because the bank is authorized by law to make loans up to a multiple of its reserves, the bank’s reserves on hand to satisfy payment of deposit liabilities amounts to only a fraction of the total which the bank is obligated to pay in satisfaction of its demand deposits.

Russian Leader Warns, “Get All Money Out Of Western Banks Now!”

By: Sorcha Faal, and as reported to her Western Subscribers

Ah booger...as you were! I knew I should have checked the source out first given it was eutimes!

Jane

L'Espagne veut aussi instaurer une taxe sur les dépôts bancaires
Madrid pourrait lever auprès des banques une taxe de 0,2 % sur le montant des dépôts qu'elles détiennent. L'Espagne affirme que cet impôt nouveau n'a rien à voir avec celui de Chypre. Mais ce n'est pas l'avis de tout le monde...

Cyprus crisis: UK experts fly out to advise on bailout

Officials led by Treasury mandarin Tom Scholar visit island after Nicosia government accepts offer of 'technical assistance'

Any idea what the 'technical assistance' might be WuB?....is it like 'cooking the books?
Seriously though. I always wondered how much of our 'sovereignty' we gave up.

Jane

Thanks WuB.
I've also read that they are voting on 15% on deposits over 100,000 euro.
The protesters are burning the EU flag and there's a lot of Cypriot flags there. Think the peeps are trying to send a message.
Like I said here yesterday, I feel this is going to be yet another 11th hour 'deal'. After that......

Jane

Historic moment for the eurozone as capital controls approved

Argentina imposed capital controls in 2002 and in November tightened them again, requiring all currency transactions to be authorized by the tax agency on a discretionary basis.