From The Australian
Original source
ALEXANDER Downer is among those who will lose money under a new bank depositors' tax in an EU bailout for Cyprus.
The Howard government foreign minister holds a personal bank account in Cyprus, and the new tax will apply to residents and non-residents alike.
Mr Downer said he used the account when in the country in his capacity as the UN Secretary-General's special adviser on Cyprus. He was in Cyprus for all of last week and yesterday spoke from New York, where he is preparing to this week brief the UN Security Council on the recently finalised elections.
"The economic situation is not my area of expertise -- but I know all about it because I have a bank account in Cyprus," Mr Downer said.
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