“So it is expected (and a bit sad) that households and businesses don’t leave their banks readily, so its not surprising they stayed on board right up until the end. What is fascinating to me is that the banks that were NOT in the eurozone clearly had no idea what was coming, and the banks actually ON Cyprus only had an inkling, and that only at the last minute. Given both the timing and the form of the Cyprus bank resolution was in the hands of the ECB, as well as French and German politicians, is this astounding ability of the Eurozone banks to avoid losses truly a surprise?”

http://charleshughsmith.blogspot.com/2013/04/the-real-cyprus-template-one-youre-not.html

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