Going back to Cyprus.
If you'd put 200,000 euros in your cypriot bank account in 2000 and not spent anything you'd have got 32,150 euros in interest by now. Which is a very high reward. If there's no risk attached to these gains then you should get much lower interest rates.
(PsychoChomp, Tue 26 Mar 2013, 17:30, 3 replies, latest was 13 years ago)

no one cares

( Naked Ape call me Caitlyn, Tue 26 Mar 2013, 17:31, Reply)

Actually I worked it out wrong.
You'd get 600,000 euros in interest. Which I don't really believe... let me check.
(PsychoChomp, Tue 26 Mar 2013, 17:32, Reply)

That'd be close to 30% interest rates on savings.
No wonder they're fucked.
( Kroney, Tue 26 Mar 2013, 17:34, Reply)

12.5%, but cumulativley over 13 years.

(PsychoChomp, Tue 26 Mar 2013, 17:34, Reply)

I see.

( Kroney, Tue 26 Mar 2013, 17:35, Reply)

No wonder the ruskies were all in there.

(PsychoChomp, Tue 26 Mar 2013, 17:36, Reply)

Well this is racist

( Naked Ape call me Caitlyn, Tue 26 Mar 2013, 17:42, Reply)

Nope, Cypriot banks were offering 12.5% APR on savings, cumulative interest over that time is that ammount.
Even with the 40% cut on savings over 100,000 a saver in that position would still be well up from their starting point.
(PsychoChomp, Tue 26 Mar 2013, 17:34, Reply)

LL Cool J'szzzzzzzzzzzzzzzzzzzzzz
www.youtube.com/watch?v=FdizL4on-Rc
( Monty Boyce, My cheese game is strong, Tue 26 Mar 2013, 17:31, Reply)

haha, that's really boring

(King Zog of Albania lives in Kensington, Tue 26 Mar 2013, 17:33, Reply)

Maths is fun!

(PsychoChomp, Tue 26 Mar 2013, 17:35, Reply)