Sentence examples for effectively confiscated from inspiring English sources

Four years of serious recession, a painful devaluation and a despised 10-month government freeze on savings accounts that effectively confiscated much of their value have combined to push the banks to the verge of collapse.

Mr. Alderson said he remained bullish about Yukos, with one caveat: "The only scenario under which this wouldn't apply would be if the government effectively confiscated shares from minority shareholders, and this would obviously damage the wider investment climate in Russia which is against Putin's overall objectives".

In short, the government effectively confiscated much of the savings of a huge part of Brazil's growing middle class.

Why would he choose to stash his tens of millions in loose change in Laiki Bank if it becomes apparent that about 40% of that money was about to be effectively confiscated in order to cover the bank's losses?

North Korea placed a cap on how much old money a citizen could exchange for the new currency, effectively confiscating private stores of wealth.

"This restriction effectively confiscates proceeds from the approved sharing agreement and places Fisk in a more risky position than before," said Hazel R. O'Leary, Fisk's president, in a statement.

Israel says the barrier is being built to protect Jewish settlements on the West Bank, while the Palestinians say it effectively confiscates land they demand for a future Palestinian state.

As authorities last week unveiled plans to shut down Cyprus's second biggest bank, Laiki, and worked out a strategy to preserve the Bank of Cyprus, the country's biggest, by effectively confiscating 60 percent or more of deposits over 100,000 euros, a financial services company in the Cayman Islands made a transparent grab for business.

In exchange for a €10 billion emergency aid package, Cyprus in March agreed to E.U. demands to effectively confiscate up to 60 percent of any depositor's holdings above €100,000 held in two of the country's largest banks, Bank of Cyprus and Laiki Bank.

He rushed to his computer to check whether the "crazy talk" he had just heard was true — that his government had agreed last week to effectively confiscate 9.9 percent of the wealth of anyone holding more than 100,000 euros, about $129,000, in a Cyprus bank.

A limit was placed on the amount that could be officially exchanged, effectively confiscating all individual savings worth more than about $40 at informal exchange rates.