Q: But aren‘t savers meant to be insured against losses when banks go bust?
Absolutely. Cyprus‘s deposit protection scheme states deposits up to âŹ100,000 are protected. But in this case the banks haven‘t collapsed, so it doesn‘t apply.
Q: But aren‘t savers meant to be insured against losses when banks go bust?
Absolutely. Cyprus‘s deposit protection scheme states deposits up to âŹ100,000 are protected. But in this case the banks haven‘t collapsed, so it doesn‘t apply.