Wednesday, March 27, 2013

Cyprus' Efforts to Prevent Bank Run


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.
(Full story here).

No comments:

Post a Comment

Ragnorok Part XIV -- Escalation

Things are hearing up quickly in the Russian-Ukrainian conflict. I saw a meme from the Babylon Bee a week or two ago stating that the Democr...