The government of Cyprus under the pressure of the Troika has announced that an amount of 10% will be withdrawn, without any exception, from all the bank accounts held in Cyprus based banks to cover the excessive deficit of the country.
 

Has the Commission carried out a legal analysis of such a measure and its legal implications?
 

This measure is clearly a confiscation and is as such contrary to the Charter of Fundamental rights of the EU and of the European ...


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