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© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Cypriots anxious as banks reopen with limits
By MENELAOS HADJICOSTIS NICOSIA, Cyprus©2024 GPlusMedia Inc.
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flammenwerfer
...and no one was laughing anymore at the atypical crazy old person who eschews banks and keeps all their in money in a tin hidden in their house.
interesting this is only a problem in the Greek part of Cyprus. the Turkish part is running quite fine. The Greeks really have screwed things up big time.
Surf O'Holic
The Great Troika Bank (depositor) Robbery it will likely become known as, and a clear sign of things to come. The next will likely be one of the troubled "Club Med" nations. Large, private depositors are being robbed at figurative gunpoint by their EU masters. Hooray for Socialism.
badsey3
Which also means that richer clients in Cyprus will lose between 40% and 100% of their savings above €100,000, unless they were smart enough to fly to Britain in time and transfer it all to another bank. Still, Laiki Bank UK is simply a branch of the mothership Laiki Bank on Cyprus, with the difference that deposits fall under UK deposit "compensation" laws. Unlike Bank of Cyprus UK, Laiki is not incorporated under UK law.
-the people of Turkey have massive physical gold and silver (they are untouchable in this fiat disaster) . =They broker billion dollar gold deals with Iran.
http://www.reuters.com/article/2013/02/16/us-iran-turkey-sanctions-idUSBRE91F01F20130216