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The Cyprus deal is
now a template
for the rest of the eurozone, Eurogroup President Jeroen Dijsselbloem tells Reuters' Luke Baker. He's naturally referring to bailing-in uninsured depositors, but does he also mean capital controls and
for cash? Other eurozone countries need to work quickly, he says, to overhaul their own banking sectors.
View news story
If you read all the details of this "deal" with the Troika, the Cypriot banks are CLOSED and deposits FOZEN until further notice, i.e., until the government says they may OPEN again. You cannot ACCESS your funds if you are an investor. It is outright THIEVERY and this could happen ANYWHERE...so? Start counting your dabloons while you still have 'em, mates.
Mar 25, 2013. 02:56 PM
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