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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Cyprus banks remain closed for another 5 days & will provide controls over withdrawal of money
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Poster Handle
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Anonymous Coward |
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Post Content
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Color me confused. The EU airlifted euros to keep the ATMs
full for withdrawals. It lessons the impact of banks being closed until Tuesday.
So part of this is a propaganda ploy. If they really wanted to put the skewers to the people, they'd have disabled the ATMs, too.
The only thing I can think of is the Russian high rollers said nyet on that idea.
Or cooler heads prevailed because there would be blood on the streets if people couldn't have ANY access to their money.
Quoting: Anonymous Coward 1482838 The bank run has already started there from the ATM withdrawals alone. "...that the banks remain shut until that deal is concluded to minimize the low-level bank run that is already under way as Cypriots continue to empty automatic cash machines" [ link to online.wsj.com] Well, duh, to the WSJ, I mean if there weren't a bank run via ATMs in progress they wouldn't have needed to airlift a million euros to keep refilling them. If you read the article you'd notice that it was written yesterday. Prior to the money being airlifted. The fact remains though that Duh bank run not as mild as they're stating and the widrawals are flying out faster than they can fill those machines. They will not be able to keep them full. How much of a dent do you think a million euros is going to make when people are trying to empty their accounts while they can? A million euros is a drop of water in an ocean at this point.
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