Keyword: cyprusbanksopen

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  • Jim Rogers: Taking people's bank accounts is going to happen

    03/28/2013 2:00:26 PM PDT · by Beave Meister · 82 replies
    examiner.com ^ | 3/28/2013 | : Kenneth Schortgen Jr.
    On March 28, billionaire investor Jim Rogers appeared as a guest on the CNBC program, Squawk on the Street. During the four minute interview, Rogers was pointedly asked if what occurred in Cyprus was a one time deal, or if this is now a template for the future of Western economies and banks. Without hesitation, Rogers said that this is going to happen, and taking people's money from their bank accounts is a certainty as both the IMF and ECB have already condoned it in their precedent. CNBC Host Carl Quintinella: What's your appetite on Europe at these levels? Jim...
  • Chaos in crisis-hit Cyprus as thousands of savers rush to withdraw cash

    03/28/2013 12:34:05 PM PDT · by Jean S · 108 replies
    Daily Mail ^ | 3/28/13 | Simon Tomlinson
    Chaos in crisis-hit Cyprus as thousands of savers rush to withdraw cash from banks which have opened for first time in two weeks Ten of thousands of Cypriots scrambled to get hold of what savings they could today after the island's banks opened for the first time in two weeks amid tight restrictions on withdrawals. There were chaotic scenes outside some banks, with one branch manager in the capital Nicosia forced to placate angry customers clamouring to get in ahead of opening.Staff had turned up for work early as cash was delivered by armoured trucks, while armed police and hundreds...