Could savings be raided across Europe?

Jess Bown
Cyprus protests
Cyprus protests

The Cypriot banking crisis is to be "resolved" by bailing out Bank of Cyprus, closing Cyprus Popular or Laiki Bank and raiding savers' accounts at both banks containing more than €100,000 (£85,000).

Those with Laiki Bank may never see the rest of their savings again, while Bank of Cyprus savers could lose 40% of their money (over and above €100,000).%VIRTUAL-SkimlinksPromo%