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UK troops hit by Cyprus bailout ‘will be compensated’

Sunday, March 17, 2013 8:26
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[Ed. Note: As Zerohedge has warned about on many occasions, stealing from you and I is going to to be global. You have been warned, again.]

George Osborne has said that troops and civil servants serving in Cyprus whose savings are threatened by the island’s £8.7bn bailout will be compensated.

by Rachel Cooper, The Telegraph:

The Chancellor described the Cypriot bail-out as an “extraordinary” situation, but he pledged that British armed forces personnel and Government staff serving on the island will be protected from the bank levy.

“It’s a difficult situation for people who live in Cyprus,” Mr Osborne told the BBC’s Andrew Marr Show. “For people serving in our military and our government out in Cyprus, we are going to compensate anyone affected by this bank tax – people who are doing their duty for our country in Cyprus will be protected from this Cypriot bank tax.”

Read More @ Telegraph.co.uk



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