‘Euro Shock’ Has Started Cash machines EMPTIED across Cyprus as 60,000 British savers face losing MILLIONS

Cash machines are EMPTIED and 60,000 British savers face losing millions in 10% bank account tax!

• Lines formed at ATMs as people scrambled to pull their money out

• Word spread that rescue package included a one-off levy on deposits

• Restrictions stopping people emptying accounts or moving money abroad

• Up to 3,000 British service personnel are based on the bankrupt island

• President Nicos Anastasiades agreed to raid with European finance chiefs

• Said country in 'state of emergency' and not acting would be 'catastrophic'

• But expats accused the island of 'plain theft' as violent protests sparked

• Britons have about £1.7b of deposits on island and could lose up to £170m

• Parliamentary official: Vote scheduled for today pushed back to tomorrow

  Up to 60,000 British savers are to lose thousands of pounds each as expats in Cyprus have their savings decimated in part of a painful bid to bail out the bankrupt island.
  The Chancellor said the financial situation in Cyprus was ‘an example of what happens if you don't show the world that you can pay your way’, adding: ‘We are not part of the bailout.’
  
  

  Panic: A move by Cypriot authorities that could see up to ten per cent of bank deposits seized to bail out the bankrupt sparked panic and violent protests. One disgruntled customer parked a bulldozer in front of a bank in the coastal town of Limassol in protest

  
  

  
  

  

  Queues: People withdraw money from a cash-point machine in the Cypriot capital of Nicosia today