While savings accounts containing under €100,000 will remain untouched, those who have scrimped and saved all their lives to amass a relatively modest sum of anything over that amount face a "haircut" amounting to almost half of their wealth.
While the initial plan to take 9.9% of savings over €100,000 was met with protests and widespread fury, the media is characterizing the new deal as a huge victory worthy of celebration, without asking the key question;
Since when did having €100,000 euros in savings make anyone "wealthy"?
March 30, 2013
Cyprus Middle Class Targeted in EU Bank Heist
Cyprus Middle Class Targeted in EU Bank Heist. YouTube Video Description - [Channel: TheAlexJonesChannel. Uploaded on March 30, 2013]: