24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Cypriots Only Able to Withdraw €260 From Their Accounts

NICOSIA, Cyprus, March 22 (UPI) -- Panicked Cypriots withdrew as much money as they could from cash machines as Parliament was to vote Friday on a new bailout formula that doesn't tax depositors.

Lines of three dozen people or more were common on the island, especially at Cyprus Popular Bank PCL, also known as Laiki Bank, the country's second-largest bank and most-troubled lender.

Source: UPI. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement