(Full story here).
Cypriot banks have been shut for more than a week while the government worked out the bailout and will stay closed until Thursday to prevent a run. Meanwhile, Cypriots have been queuing to withdraw cash from automatic teller machines, with limits at some shrinking down to 100 euros a day.
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Wednesday, March 27, 2013
Cyprus' Efforts to Prevent Bank Run
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Weekend Reading #72
Some longer or more involved reading: Jon Low has a new Defensive Pistolcraft newsletter . Jon notes, correctly in my opinion, that: ...
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