Plan B - "A decision on a Cyprus rescue must be made on Thursday at the latest," President Anastasiades
Cash machines have been running low, correspondents say
The president of Cyprus will on Thursday present political leaders with a "Plan B" for funding the country's controversial bailout, state TV says.
Earlier it was announced that banks, which have been shut all week to prevent mass withdrawals, would stay closed until next Tuesday.
Politicians have been scrambling to find a way forward after a bank levy was rejected by parliament on Tuesday.
The levy was a condition of a 10bn euro EU-IMF bailout for Cyprus.
"A decision on a Cyprus rescue must be made on Thursday at the latest," President Nicos Anastasiades was quoted as saying by the official CNA news agency
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Replies to This Discussion
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Permalink Reply by Vincent L. Guarisco on
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Damn, James! We all better keep both eyes wide open on this one! The seven major too big to fail bankster institutions -- the monopolizing crooks conducting business here in the U.S. -- would LOVE to declare an extended "bank holiday" and quickly screw us over... just as they are doing in "Cyprus." This could very well be a trial run for what lies ahead. We already know the SEC and FED, etc., consider them "above the law." Well, when your above the law....you get to operate with impunity. No risk. No trials. No jail. SHIAT...
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Permalink Reply by truth on
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Perhaps this plan has back fired and awoken more folks, woohoo, blog on!
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yeah, very true, my wise old friend. Especially with folks worried about losing their guns! This has awoken the sleeping giant!... and now that they are awake and taking a look at other issues affecting their inner circle (such as spy drones, etc.), they do NOT like what they're seeing. Thus, we have a lot less happy campers. YEP....blog on! With a vengence...
;~)
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