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Looks to me more like 700k was blocked as part of the capital controls to prevent a bank run. The actual amount to be seized will be much smaller. Cold comfor
by jbellis 14y ago
Looks to me more like 700k was blocked as part of the capital controls to prevent a bank run. The actual amount to be seized will be much smaller. Cold comfort, I know.
- SoftwareMaven 14y agoDoesn't sound like it[1]. It looks like it is 700k gone. 1. http://greece.greekreporter.com/2013/03/27/cyprus-finance-minister-uninsured-laiki-depositors-could-face-80-haircut/ http://greece.greekreporter.com/2013/03/27/cyprus-finance-mi...
- jbellis 14y agoOops, you're right, this is CPB. He's screwed.
- kyllo 14y agoIt appears that they are actually having a bank run, but they limited daily withdrawals to 300 Euros per person. The banks have been closed since the 16th and just reopened today with these new restrictions. Cyprus is in a state of financial emergency. http://metro.co.uk/2013/03/28/gallery-people-line-up-outside-laiki-bank-branch-in-limassol-cyprus-28-march-2013-3564164/ http://metro.co.uk/2013/03/28/gallery-people-line-up-outside...