Cypriots can only draw 93% of their cash out of the bank - Wrath of the Barclay

Cypriots can only draw 93% of their cash out of the bank

90% for over 100,000 euros.

The 10% / 7% respectively will be taken by the government to pay back government debt (to German lending institutions)

Posted By: phrankin on March 16th 2013 at 16:01:44

Message Thread

For anyone interested in the EU IMF and such (General Chat) - phrankin, Mar 16, 15:55:28
- That is completely indefensible (General Chat) - King, Mar 16, 16:04:49
  - It isn't as simple as that (General Chat) - Tricky Hawes, Mar 16, 16:14:18
    - But they're taxpayers too (General Chat) - King, Mar 16, 16:25:22
    - If I had savings in an Italian / Greek / Spanish bank (General Chat) - phrankin, Mar 16, 16:17:29
- What does that mean exactly (n/m) (General Chat) - ghostof barry butler, Mar 16, 15:58:13
  - If you lived in cyprus and had ?30,000 in the bank, it would now be ?27,975 (n/m) (General Chat) - phrankin, Mar 16, 16:03:59
    - I guess the way forward for the people in Cyprus (General Chat) - ghostof barry butler, Mar 16, 16:13:29
      - This is bound to lead to a run on the banks of Italy etc surely? (n/m) (General Chat) - UtterlyHuckerby, Mar 16, 16:15:02
  - it's geek talk - some sort of computer code I reckon (n/m) (General Chat) - Jumbo1, Mar 16, 16:01:46
  - Cypriots can only draw 93% of their cash out of the bank (General Chat) - phrankin, Mar 16, 16:01:44
    - thats what happens to me when I dip into my overdraft, fucking bankers! (n/m) (General Chat) - Jumbo1, Mar 16, 16:02:45
- savers? you mean anyone with any money banked? (n/m) (General Chat) - UtterlyHuckerby, Mar 16, 15:56:59

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