You clearly don’t mess with people’s bank accounts in Cyprus. It was like a scene from the film 300, except instead of Spartans going around without their tops on, Cypriot politicians, kicked the sleeveen emissary from the ECB down a well and Shouted WE. ARE. CYPRUS!
Taking money from poor people’s savings is not an avenue Cyprus wants to go down. We’re more relaxed about it here. Last weekend, many Irish self-imposed a 7% levy on their own bank accounts… and then spent it all on drink.
And a week before that, Revenue said they would collect any unpaid Local Property Tax from your bank account as well. Revenue are not implacable however. Because, as they admit themselves, up to half of their house-value estimates may be wrong, householders will have to try and work out themselves how much their own house is worth. But how did they get it so wrong?