THE GREAT EU
BANK ROBBERY
From James Chapman in London
and Keith Gladdis in Cyprus
UK taxpayers will have to
compensate thousands of
Britons hit by a shock raid on
bank account> in Cy%rus.
to around 3,000 British military person-
nel and civil servants, is being given an
E8.'7biIIion EU rescue package.
But — in a move condemned as •robbery' —
Germany says it Will not rund the emergen*'
deal unless every saver wit,h a deposit
Via a bank
Account holders will lose per cent of all
deposits over euros (E85.OOO). witha
6.75 per cent levy on smaller amounts.
George Osborne said last night the Treasuy
Will help out military staff and officials. But
Ls thought GO,OOO Other Britons, including hol-
iday homeowners and expats. will lose out.
They are thought to have about El.7biIIion in
Cyprus's banks - e
g them to a potential
n — or an uvemge of
levy of at least
EI,900 each. In yet. another eurozone crisis:
Ot banks banned online transfers and
emp - cashpoints to stop withdrawals;
The levy could be automatically taken
from accounts as early as Wednesday;
British tourists were told to ensure they
had multiple sources of money;
n The chief minister or the euro area refused
to rule out similar levies elsewhere;
Analysts said the raid could fall foul Of the
European Convention on Human Rights;
• Traders are braced for turbulence on inter-
national stock markets tod
In response to cries of out-age, Cypriot
Turn to Page 6
fans know hint fram Do
mtTier.
What Hollywood's done to Downton Dan
SEE PAGE 19
businessinsider.com