People in Cyprus with less than 100,000 euros in their accounts will have to pay a one-time tax of 6.75%, Eurozone officials said. Those with greater sums will lose 9.9%. Cypriot bank officials quoted by AP news agency said depositors could access all of their money except the amount set by the levy.
I hope this is not the beginning of a trend. To wake up and discover that 9.9% of your savings are gone would devastate me.