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The Cyprus crisis in the mirror: the ‘small deposit tax’ as historical faux-pas

Justina A. V. Fischer

MPRA Paper from University Library of Munich, Germany

Abstract: Taxing small deposits used to be a taboo in European politics – but why? This contribution re-assesses the protection of small deposits from an angle that has not received much attention in the current debate: the politico-philosophical, ordo-liberal, and social-political perspectives, arguing that protection of the ordinary saver is a fundament of our civil societies.

Keywords: Eurocrisis; Cyprus; financial markets; banking sector; market power; market failure; Hobbes; Locke; Rawls; social contract; trust; rule of law; social capital; democracy (search for similar items in EconPapers)
JEL-codes: F42 F68 G18 Z1 (search for similar items in EconPapers)
Date: 2013-03-28
New Economics Papers: this item is included in nep-cba
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Citations: View citations in EconPapers (1)

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