Pictures From A Cyprus ATM Line

Zero Hedge
March 21, 2013

For a few days, the people of Cyprus were calm, quietly and orderly accepting the unreality of the levy being imposed upon them – incredulous that it was even possible. As we reach the 4th day of bank closures, amid rolling rumors and ECB threats, it appears the people have reached a tipping point as this series of images from Cyprus ATM lines indicates - the bank-jog has arrived. When will it become a full blown sprint?

 

It appears the catalyst for this latest move is the ECB threat and EU concerns over the future of the two biggest insolvent banks: As AFP reports:  EU calls on Cyprus to set capital controls and merge 2 biggest banks Laiki and Bank of Cyprus.

• *EU WANTS CYPRUS TO ADOPT MEASURES BEFORE BANKS RE-OPEN, ANSA
• *EU WANTS CYPRUS TO ADOPT MEASURES TO STOP DEPOSIT FLIGHT: ANSA

 

 

Via @Imeldaflattery

• A d v e r t i s e m e n t

 

Via NYT

 

Via Sigma Live

 

 

 

Via @janinel83

 

 

Via @jkozakou

 

 

Source: Twitter and Fred

 

This article was posted: Thursday, March 21, 2013 at 1:07 pm

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