I know this subject is mainly only of interest to me , and has dropped out of the headlines for now . But a Cypriot minister has today been speaking in the house of commons and some of what he said could apply to other countries bank accounts . "This question remained unanswered since the burst of the housing bubble in the US that led to the global financial crisis. Answers were required in order to find alternative ways to fund these falling banks, without the contribution of the EU taxpayers. Cyprus was the perfect candidate to put new ideas to the test. It represents only a small percentage of the EU economy and, as it was supported by some, a possible collapse of its economy would be a non-systemic event. So, instead of being treated as an EU partner, Cyprus became an economic guinea pig. The long conceived economic practice of the ‘bail in’ has been implemented in the ‘low-risk’ case of Cyprus, in order to figure out if it can be successful and be used in other, bigger EU economies. Great efforts were undertaken to calm EU and world economies, stating that the decision adopted for Cyprus was a ‘one off’ case and that it did not constitute a precedent. The reality was different and soon it became apparent. The statement by the Eurogroup President, Mr Dijsselbloem, that the model used on Cyprus may shape the way Eurozone banks are saved in the future, despite the fact that it was immediately retracted for reasons of complacency, reflected the intentions for future ‘bail ins’. " http://www.moi.gov.cy/moi/pio/pio.nsf/All/7F8F4DEEA63331AFC2257B5700639F75?Opendocument