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Topic: FYI the Cyprus Banks aren't ever going to re-open (Read 547 times)

hero member
Activity: 868
Merit: 1002
This is quite funny.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
...and if they do, the haircut for depositors will be more than announced.

More like a shave, methinks.
legendary
Activity: 1330
Merit: 1000
...and if they do, the haircut for depositors will be more than announced.

http://www.thesun.co.uk/sol/homepage/news/politics/4848766/Troops-betrayed-in-Cyprus-bank-grab-as-Russians-seize-2billion.html

Quote
it emerged that rich Russians withdrew £2billion BEFORE a tax raid on bank savings in Cyprus was announced.

The bank run started before they even announced their confiscations, LOL!
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