Thursday, March 28, 2013

Cyprus reopens banks as eurocrats grip island's economy

From RussiaToday

Banks have re-opened in Cyprus, allowing access to savings for the first time in almost two weeks. There's little relief for cash-strapped citizens though, with severe restrictions imposed on how much money they can withdraw. The limits are set to prevent a bank run, making Cyprus the first Eurozone nation to introduce capital controls.

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