Yesterday the banks in Cyprus opened, but people were limited to withdraw €300,- a day. No wire transfer abroad. Even funds held by [big] companies suffer under the "everything over € 100.000,- is not yours anymore" rule.nanningbob wrote:Like I said earlier Cypress is a testing ground to see what happens. If every depositor withdraws all their money they will see 2 things. One dont try that one again or Two never give them the option of getting their money next time.
Wonder why hardware stores dont sell pitchforks anymore?
Companies can't pay their employees, go bankrupt etc.
The next country in the EURO with problems already introduced itself; Slovenia.
Last Wednesday the intrest there went up 0.7% on the rumour that people were emptying their bankaccounts.....