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| Europe |
| Cypriot banks to remain closed despite bailout deal |
| 2013-03-27 |
 [FRANCE24] Cyprus's finance minister has ordered banks to remain closed until Thursday despite a €10 billion bailout deal struck early Monday between President Nicos Anastasiades and international finance chiefs to prevent a collapse of the banking system. |
| Posted by:Fred |
| #7 Connected Russian mobsters are a pretty understanding bunch when it comes to being extorted... I'm sure they will all get over it. |
| Posted by: Capsu78 2013-03-27 19:59 |
| #6 That I believe is pistol Pete. I had an old postcard of him many years ago but older. As I recall he had long gray hair was tall, thin and raggedy. In the old days they had post cards. Model T's running along dirt country roads in scenic areas. They went everywhere with those cars. Into the hills with no roads like the four wheelers of today. |
| Posted by: Dale 2013-03-27 16:45 |
| #5 No price in OPM is to high for the EUSSR politburo (next price might be their necks). |
| Posted by: Bright Pebbles 2013-03-27 10:31 |
| #4 I fully express the island of Cyprus to survive. Bank balances, however, may go underwater. |
| Posted by: Anguper Hupomosing9418 2013-03-27 10:25 |
| #3 Cyprus readies capital controls to avert bank run And thus does it all end, not with a bang but a whimper. They've just got rid of all our dreams, everything we've worked for, everything we've achieved up until now, what our parents have achieved," said one student, named Thomas. Outside the central bank, about 200 employees of the country's biggest commercial lender, the Bank of Cyprus, demanded the resignation of the central bank governor, Panicos Demetriades, chanting "Hands off Cyprus" and "Disgrace". Dimos Dimosthenous, who has worked at the Bank of Cyprus for over 30 years, said: "The bank is being driven to closure. "That will be the end. Our jobs, our rights, our welfare funds will be lost and Cyprus will be destroyed." |
| Posted by: tipper 2013-03-27 03:06 |
| #2 Intehwesting - the initial E$13.0Bilyuhn bailout is now down to E$10.0Bilyuhn, while the 40% confiscation rate per large depositors is also down to 25%??? |
| Posted by: JosephMendiola 2013-03-27 01:15 |
| #1 And when Thursday comes, then wat? This is has all the indications of being a rather giant klusterfok. |
| Posted by: Besoeker 2013-03-27 01:05 |