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Cyprus banks reopen: LIVE UPDATES

March 28th, 2013 FAKE NEWS for the Zionist agenda

Banks in Cyprus have reopened to the public for first time since March 16. However, withdrawals are limited to 300 euros ($385) a day to prevent the “collapse of credit institutions.”

The strict controls were imposed as Cyprus struggles to raise
5.8 billion euros to qualify for a 10-billion-euro bailout from the
EU, European Central Bank and the IMF – the so-called ‘Troika.’
Deposits of over 100,000 euros will be taxed in exchange for bank
shares. An earlier plan to tax smaller depositors was vetoed by the
Cypriot parliament last week.

Among other limitations, clients are not able to cash checks or
take more than 1,000 euros out of the country.

Cyprus stock exchange is to remain closed till next Tuesday.

10:29 GMT: A Bank of Cyprus branch in Volos, central
Greece, was reportedly attacked by unknown assailants. Two petrol
bombs were thrown at the bank’s two ATM machines. The fire was put
out by the fire service before it could cause further damage; no
one was injured in the attack. Police are investigating the
incident.

10:22 GMT:

10:16 GMT:


10:10 GMT: People flood to ATMs to take their money as
most banks in Cyprus have reopened. WATCH LIVE

10:06 GMT:

10:00 GMT: Cypriot banks’ doors open.

9:54 GMT:

9:52 GMT: Queues are starting to build outside the banks.
“It will be a very bad day – there will be swearing and a lot of
anger,” Philippos Philippou, an unemployed electrician waiting
in a queue outside Laiki Bank in downtown Nicosia told AFP.

A man who would not provide his name said he plans to “take all
my money slowly, slowly.” He believes the panic will last a
week or two: “After that things will return to normal, but with
less money.”

9:49 GMT:

9:36 GMT: The Cyprus liquidity crisis will only lead to
violence, Wide Awake News founder Charlie McGrath has told RT.

“It is going to be a mess. It is a mess now and when they
open up, I predict that there’s going to be a lot of people that
are really ticked off. We’re already seeing people on the streets
protesting. This is the kind of thing you’ll see violence soon,
because it is the people’s money; it is their assets that are just
being robbed from them,” he said.

9:25 GMT: “I feel shame that I live on the pension of
my mom because I used to have my own salary every month, I used to
have my own job, so it’s very difficult to live with the money that
my mom needs,” unemployed Leonidas Argyrides told RT.

“Life is turning upside down. You make plans for the future
and suddenly you hear that the economy of your own country and the
bank system is collapsed. So you’re standing with empty
hands.”

9:18 GMT: Non-cash payment and money transfer
restrictions:

Transactions under 5,000 euros have no restrictions. Sums from
5,001 euros to 200,000 euros must be approved by the central bank,
which will consider the liquidity of the bank involved and make a
decision within 24 hours. Transfers of over 200,000 euros will be
determined on a case-by-case basis. No limitations were placed on
payroll transfers that have the appropriate documentation.

Living expenses or tuition fee transfers are permitted for
students who are close relatives of Cyprus residents. Transfers for
living expenses are capped at 5,000 euros a quarter, and supporting
documents must be supplied. Payments towards credit or debit cards
are limited to 5,000 euros per month.

8:54 GMT: A majority of Cypriot banks are under heavy
guard by police and security. The banks requested the security
presence out of fear their employees would be attacked by angered
depositors. Authorities have called on the public not to unleash
their anger at the bank clerks, who are just doing their job.
“We are not responsible for what is going on,” a union for
bank workers’ communiqué stated. “Rather we are victims of
somebody else’s actions and mistakes that have lead to the current
catastrophe that has put many people in an extremely tragic
position.”

A security man stands outside a closed Laiki bank branch in the Cypriot capital, Nicosia, on March 28, 2013, ahead of their reopening after an unprecedented 12-day lockdown. (AFP Photo)

8:30 GMT: Cypriots are excited over the reopening of the
banks.

“Finally people’s mood will be lifted and we can start to
trust the system again,” Yorgos Georgiou, who owns a dry
cleaning business, told Reuters. “I’m worried about the poor
kids working in the cashiers today, because people might vent their
anger at them. You can’t predict how people will react after so
many days.”

Kostas Nikolaou, a 60-year-old pensioner, said the uncertainty
of the past two weeks had been “like a slow death… How can they
tell you that you can’t access your own money in the bank? It’s our
money, we are entitled to it.”

8:13 GMT:

8:01 GMT:


7:59 GMT:


7:30 GMT: 5 billion euros were reportedly flown into
Cyprus for banks reopening after a two-week ‘bailout break,’ Greek
newspaper Vima reported. The money came on a special flight from
Frankfurt – the currency was loaded into special containers and
moved to the central bank of Cyprus under tightened security.

Source Article from http://rt.com/news/cyprus-banks-open-updates-968/

Posted in Jewish News, World News
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