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Tag Archives: Cypriot deposits

German banks urge Cypriots to transfer money – Is Berlin collecting the money fleeing the European South?

It comes as many suspected: German banks try to take advantage of the economic crisis in the European ¬†South. A Cypriot received an e-mail by a German Advisory Bureau offering him the opportunity to move his deposits to German banks with an interest rate of 3.0-4.0% for deposits over 50,000 …

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