Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Wednesday, March 20, 2013

Cyprus Going Into Financial Lockdown

Some five days after the start of the self inflicted banking crisis, Cyprus has finally decided to try to start to stem the outflows of capital from its dying banking sector. The Cyprus central bank is drafting rules to curb deposit outflow.

Unfortunately, it seems that those in power in Cyprus already emptied their accounts last week!

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