You are using an outdated browser. Please upgrade now to a modern browser in order to benefit of all our site's features: Chrome, FireFox, Opera, Safari or Internet Explorer. [Close]

The Official Blog of Fox News Channel

Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S.?

In order to fund a bailout of Cyprus, European leaders have proposed the institution of a tax on bank deposits for residents of the small island nation. A vote is expected on the plan on Tuesday.

FoxNews.com writes:

Cypriots rushed to pull their money out of banks and ATMs before the tiny Mediterranean nation’s government could finalize a plan to seize depositors’ funds to satisfy austerity demands from euro zone leaders, sparking a run that prompted banks to be closed until at least Thursday.

The island nation’s leaders were huddling to come up with a way to soften the blow on average depositors, with one proposal targeting accounts with deposits above $130,000.

So, could the same thing happen in America? Judge Napolitano says yes. “The people who have more than $100,000 in the bank are targets for any government that’s looking for money to shore up its own inability to manage its finances.”


CDC: Deadly Bacteria, CRE, Is on the Rise in U.S. Hospitals, But We Can’t Fight It Because of Sequester


STATEMENT: Senator David Vitter Will Block Nomination of Thomas Perez as Labor Department Secretary


Judge Jeanine Pirro: Should Barack Obama Be Held Accountable for His Lies?


Did Ben Carson Hint at a 2016 Run for President During CPAC Speech?

Posted in: 
Leave a Comment0

Today's Front Page Stories

On Fox News Channel

All Times Eastern

4
P

Let’s deal! Rick Perry courts New York businesses, so will he take a Texas-sized bite out of the Big Apple? A must-see interview on Your World.

7
P

First Nevada, now Texas! Big government tries to wrangle away thousands of acres from ranchers and change state lines. Texas’ AG has the outrageous details and fallout on On The Record.

8
P

On The O'Reilly Factor, Bill takes a look at social media and its impact on people's privacy.

10
P

Are Obama’s people working inside the mainstream media? Brent Bozell is naming names on Hannity.

Don't want to keep checking back here for the latest from Fox News? That's cool. We'll come to you ...

Connect with Fox News

Subscribe

Stay connected with the most-trusted name in cable news through exclusive videos, blogs, polls, contests and behind-the-scene details.

Get More Fox!

'Outnumbered' Set to Debut on Fox News Channel

They're outspoken, out of the box, outrageous and outstandingly smart! And he is outnumbered. Don't miss the premiere of a new panel show on Fox News Channel, bringing you a refreshing new twist on news. Check out all the details on "Outnumbered," debuting Monday, April 28 at noon ET!

Fox News Presents: 'My America with Elisabeth Hasselbeck'

Fox News Channel presents an exciting new feature series, My America with Elisabeth Hasselbeck. From the quirky to the inspirational, "My America" will reveal who we are as a nation – driven, passionate and uniquely American. Check out the latest installment: an inside look at Mutton Bustin!

Greta Is Wired!

GretaWire.com is the official blog of Greta Van Susteren. Get Greta’s breaking news alerts, pictures, videos, polls, and behind-the-scenes exclusives. Plus, speak out on open threads, as well as the live chat page. Connect to the GretaWire community ... and to Greta herself!