You got the point. It's not normal when 100% of deposited money were lost (exempt "insured" 100k).
That happened because the bank was restructured in perverted way, as insisted by European Comission.
They (EU) decided to pillage so called "Russian oligarchs' stash" and use it to pay country's debt. Laiki Bank capitals seizure was one of the main points int the ultimatum from EU to Cyprus.
Yes and wasn't it ironic that the Russian oligarch's money as well as the President of Cyprus' cronies money was the only money that was saved.
I guess the eurocrats were too scared of finding their favourite racing horse's head in their bed. Or worse...

