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European Savers in Danger

Published: January 4, 2014; 14:35 · (Vindobona)

Already this year, savers in the Eurozone may fear a compulsory tax on deposits, the Danish Saxo Bank says.

European Savers in Danger / Picture: © Flickr

Analysts fear that neither the banking crisis nor the debt crisis in the Eurozone is not over. In autumn 2013, the IMF suggested imposing a 10% levy on deposits over € 100,000 in order to reduce public debt. According to economists at the International Monetary Fund, a one-time levy on household assets before there was a flight of capital could by all means be regarded as fair. The…

This article includes a total of 432 words.

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