On: Europe Announces Bailout For Cyprus — Bank Deposit...

[martinced]

This tax only affects residents living in Cyprus.

This is already a crazy tax but if they're confiscating money on private companies' bank accounts they'll be killing the economy.

[IbJacked → martinced]

I didn't see any references to "only affects residents living in Cyprus". From the articles I've read, it appears to be a tax on all deposits, regardless of foreign or domestic, personal or business.