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> how do you safeguard your savings then?

If your savings are legal, and you don't mind paying taxes on them, you have many obvious choices.

If your savings are not legal, or if you want to escape paying taxes, then you have different choices and greater risk.

Finance is about one thing: risk versus reward, and in this case, the tradeoff was very clear. Any non-Cypriots who lost money in Cyprus are not as naïve as they would have us believe.




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