Thursday, March 28, 2013

Cyprus Bank Reopens but Depositors to Loose up to 80 Percent ~ Mike Rivero

Cypriots expressed fury and frustration – but confounded predictions of chaos and even violence – as they formed orderly queues on Thursday to enter the country’s banks, which reopened after being closed for nearly two weeks by a financial crisis that has shaken the foundations of the European Union and its common currency. There had been fears that branches would be besieged by angry customers in the wake of a 10 billion euro ($13 billion) bailout deal agreed to with Brussels in which one Cypriot bank will fold, another will be restructured, and depositors will be hit with heavy losses. The banks reopened only after the Cypriot government rushed through draconian capital control measures on Wednesday night, limiting cash withdrawals to just 300 euros ($384) per person per day and imposing harsh restrictions on credit payments and the transfer of money abroad. ( Christian Science Monitor )

3 comments:

  1. Like Greg Palast said on Alex Jones show yesterday the IMF wants the people to riot in the street thats the reason their blantly stealing the money by imposing what 10-30% tax, then they impose martial law n put in one of the white shoe boys in charge of the governmebt n banking like their doing in Detroit. As most keep drinking the flouride koolade....

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    Replies
    1. MIKE YOUR A TRUE AMERICAN HERO KEEP THE GOOD WORK UP FROM AN AUSSIE DOWNUNDER GOD BLESS YOU AND YOUR WORK.

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  2. "Lose" not "Loose".

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