Villich News

Cyprus banks remain closed to prevent run on deposits


The Guardian - 26-Mar-2013

smoothly' Banks in Cyprus will remain closed at least until Thursday and will then be subject to strict controls to prevent a bank run in the wake of the island's €10bn (£8.5bn) bailout. All but the country's two biggest banks were slated to open on Tuesday, but the central bank now says all lenders will remain closed to ensure the banking system functions "smoothly". Asked whether Cyprus's banks will...


Read full article at The Guardian


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