**Big depositors in Cyprus to lose far more than feared
(Reuters) – Big depositors in Cyprus’s largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday.
Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back…
[Cyprus Depositors Will Lose 62.5% Of Savings | Sweetness & Light](http://sweetness-light.com/archive/cyprus-depositors-will-lose-62-5-of-savings#.UVqjtJOThFs<br /><br />C)
Can’t you see the Obama administration licking their chops at trying to do the same here?