The Australian humorists Clarke & Dawe offer a brief summary of the "slight" problem in the Cypriot banking system. The European Union's response has not yet fixed the problem, though it has resulted in a massive exodus of deposits held by foreigners. (Note to kleptocrats everywhere: if you put an entire nation's banking system on a bank holiday, it's best to make sure that bank holiday applies to the nation's foreign bank branches, too!) As of today, Cypriots are allowed to withdraw up to €300 a day of their own money.
Posts
No comments:
Post a Comment