On: The madness of the bailout in Cyprus

[papercruncher]

I was born and raised in Cyprus and my entire family still lives there. I spoke to a few of them this morning and whether the measures pass or not (parliament still needs to approve) they all plan on making a run to the bank asap.

[camperman → papercruncher]

Money's already been taken out of the 9,9% accounts dude. And electronic transfers are frozen.

[papercruncher → camperman]

Yes, but as the article pointed out, trust is broken and everyone thinks this will happen again

[camperman → papercruncher]

Ah, OK. Yes I agree. In fact, I think this action will be viewed very seriously across the whole of Europe and not just Cyprus. I expect to start seeing bank runs starting next week in the PIIGS countries.