“Cyprus conceded on Thursday that tight capital controls would remain in force longer than expected as the island’s banks reopened for the first time after the government was forced to accept a tough EU rescue package to avoid bankruptcy. The government initially said the controls would remain in place for a week, subject to review. Economists say they will prove hard to lift as long as the economy is in crisis. To help the Cyprus banks weather the crisis, the European Central Bank flew in 5 billion euros ($6.4 billion) in cash overnight from Frankfurt, a German newspaper reported.”
http://www.reuters.com/article/2013/03/28/us-cyprus-parliament-idUSBRE92G03I20130328
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Chinese baby ‘sold by doctor’ reunited with parents
Russian channel censored WWII series documenting ‘dark side’ of Soviet war effort
EU to help dairy sector hit by Russian food import ban
United Nations tells Israel to let in nuclear inspectors
China's stock market finally opens to foreigners
Guardian Editor Says Paper Published Only 1% of Snowden NSA Leaks
We’re in a worse position than in 2008: Marc Faber
Iran blocks access to Gmail
A Plan to Stop the Feds From Reading Your Emails
PayPal president David Marcus: Bitcoin is good, NFC is bad
Obama: US Tyranny Impossible Because 'Government Is Us'
Northern California counties revive an old idea for a breakaway state
Opponents vote to shoot Egypt’s president Morsi into space
How occupational licensing laws inhibit interstate mobility
German army's crisis role widened