Fox News
Expand
Browse All Video
Watch Live

You're watching...

Citizens bearing the burden of Cyprus' bailout

Details

  • Description

    Bank deposits set to be taxed, people cashing out

  • Duration 2:02
  • Date

Clips

Also in this playlist...

Fox & Friends Weekend

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Bank accounts of mourning -- a little country of Cyprus is now getting a bailout but Euro -- finance ministers are doing it by seizing People's Bank accounts.

Or Cincinnati from the Fox Business Network joins us kids played.

So all the citizens there were trying to withdraw their money from ATMs over got a run on the ATMs you got that right it's a small European nation of Cyprus making news today as the fifth Euro nation to need a bailout but it turns of this thirteen billion dollar rescue.

Are much different from all the other ones.

Citizens Cyprus within a -- and their bank deposits will be taxed if you have more than a 100000 years in the bank.

He'll face -- nine point 9% lending less than a 100000 euros the -- is still pretty high six and three quarters percent.

Over the weekend yes many nervous savers topped out he can't remember a lot of questions but a lot of money.

Have money in Cyprus and this controversial ballot is up for a parliamentary vote this afternoon so can be changed and amended.

To penalize the smaller -- -- last but.

The good thing here is that markets -- -- are closed today for a holiday but US stocks are certainly open for business and futures are reacting really negative that's scary related as the government -- your money like that -- -- let's talk about that's a lot of us -- work with young people.

A survey of 400 human resources professionals.

Finds -- more than a third of new hires in the past five years aren't professional 45%.

Say they lack worth at work ethic as well.

52%.

Said new hires have this arrogant ailments -- -- -- -- up with the millennial us right.

Well it might just be there more confident.

They might have been coddled by their parents but also we Blanton in this tight job market there are a lot of ways you can turn your passion -- -- job so many of -- that candidates -- -- my feeling too good for this job I'd rather do something I'd rather they need the job to make the money.

That -- arms tonight thanks so much agency can't package insert those and is --

Load More