Comment on Europe Announces Bailout For Cyprus — Bank Depositors Get Instant 10% TaxparentComments−arbuge13yI agree with this answer. The expectation in a bank account is that whilst the interest may or may not cover inflation, at least you don't have confiscation to worry about in addition to that.
Comments
I agree with this answer. The expectation in a bank account is that whilst the interest may or may not cover inflation, at least you don't have confiscation to worry about in addition to that.