cyprus---the latest, page-12

My guess is if the money is deposited in the bank that is going to take the hit, then the percentage that is going to be stolen from everyone's account will be stolen from those 200,000 euros.

I wouldn't expect the bank that lent the money to take a hit, so the whole lot will be repayable - plus interest on the lot, imo.

Best for your Uncle to check up with the bank where the money is deposited of course.

By the way, I haven't seen any mention of Cyprus bankers responsible for this mess having their massive salaries docked, or being asked to repay their bonuses, or having money stolen from their super etc.