No, not all, they will lose 60% of the part ABOVE 100.000 EUR , so if you have 200.000 in the bank acount after that you will have 140.000 and if you have 100.000 you still have 100.000 . In fact at the end it is mainly Russian black money confiscation, because , how many Joes have more than 100.000 idle in a bank account?
Cyprus is another planet , lets do an Italy or Spain ! This will come back and bite the Euro Union . They should have just kicked Cyprus out of the union. This way Cyprus would still have its honor and banking business .
They have lost it all............ not some...........they get bank shares for the rest that is not directly confiscated in a bank that is bankrupt and the politicians had all their personal depbt cancelled by the bank at the same time..... isn't high finance a wonderful thing?
Well if you had corresponding debt you get to keep your money. See if it is banks money, then you can have it, with a small fee of course. Now if you own T-bills it is ogamas money, see money is not money unless someone other than you owns it, like stock in a bank. This sops up all that extra liquidity.