The European Union has decided to bail out the Cypriots on the condition of imposing a 9.9% one-off tax on holdings over \u20ac100’000 deposits in Cypriot banks and 6.7% below \u20ac100’000. The justification is that Cyprus only represents 0.2% of the EU GDP and the holdings in question are held mostly by rich Russians and a handful of under-represented Brits. Be that true or not makes no difference; citizen X living in Cyprus has exactly the same rights as citizen X living in France, Germany or wherever. Unilaterally confiscating a citizen’s assets without due cause is not only unacceptable, it is theft. Were my government to propose such a measure, my instinctive reaction would be to buy a weapon; for if my basic property rights are no longer secure, there’s little left else to lose.<\/p>\n","protected":false},"excerpt":{"rendered":"
The European Union has decided to bail out the Cypriots on the condition of imposing a 9.9% one-off tax on holdings over \u20ac100’000 deposits in Cypriot banks and 6.7% below \u20ac100’000. The justification is that Cyprus only represents 0.2% of […]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8],"tags":[64],"class_list":["post-663","post","type-post","status-publish","format-standard","hentry","category-finance","category-politics","tag-cyprus","category-3-id","category-8-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts\/663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/comments?post=663"}],"version-history":[{"count":2,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts\/663\/revisions"}],"predecessor-version":[{"id":665,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts\/663\/revisions\/665"}],"wp:attachment":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/media?parent=663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/categories?post=663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/tags?post=663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}