- Prison Planet.com - http://www.prisonplanet.com -

As Cyprus Delays Reopening Banks Again, Here Are The Longest Bank Closures Ever

Posted By admin On March 26, 2013 @ 5:34 am In Money Watch | Comments Disabled

Zero Hedge [1]
March 26, 2013

With news this evening that the Cypriot banks will not now be re-opening tomorrow¬†(as perhaps –¬†as we noted earlier [2] – a little more of those precious deposits leaked away during the closures than expected):

  • CYPRUS BANKS TO REMAIN CLOSED THROUGH MARCH 27: CENTRAL BANK

We thought it useful to consider Cyprus in relation to the longest bank closures in history.¬†Cyprus has now shutdown its banking system longer than Argentina, Ecuador, and Uruguay and as far as President Anastasiades comments that capital controls are temporary – we can only hope for the depositors sake – that it’s not as temporary as Argentina’s 120 month ‘restrictions’ starting in 2001.

[3]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/as-cyprus-delays-reopening-banks-again-here-are-the-longest-bank-closures-ever.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-03-25/cyprus-delays-reopening-banks-again-here-are-longest-bank-closures-ever

[2] as we noted earlier: http://www.zerohedge.com/news/2013-03-25/have-russians-already-quietly-withdrawn-all-their-cash-cyprus

[3] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/03/20130325_close.jpg

Copyright © 2013 PrisonPlanet.com. All rights reserved.