Cyprus bail-out leaves ‘bitter taste’ for residents

“Standing in front of a cash machine on a street corner in Nicosia, Andreas Christou could hardly contain his fury.  ‘My money is in there and they won’t let me take it out!’ he said, a few moments after withdrawing a paltry €100 – the maximum allowable after a draconian new capital control measure was introduced on Sunday.  The 52-year-old businessman holds an account with Laiki Bank, the hardest hit of Cyprus’s debt-laden lenders.  It will now effectively be dissolved under the terms of a deal brokered between international creditors and Nicos Anastasiades, the president of Cyprus, during marathon talks in Brussels.”

http://www.telegraph.co.uk/finance/financialcrisis/9952557/Cyprus-bail-out-leaves-bitter-taste-for-residents.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin