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Cyrpus : Friday saw a run on the country’s cooperative banks – Trust in the system may not return

By Ralph Turchiano on April 6, 2013

Cypriot presidency in calm call

The Cypriot authorities including the Central Bank and the presidency have called on the people to ignore financial panic mongers and stay calm.

Friday saw a run on the country’s cooperative banks after persons unknown started circulating SMS messages with warnings that the deposits held in these institutions will be subject to what came to be known as ‘haircutting’.

The authorities say the rumour is false.

Voice of Russia

http://english.ruvr.ru/2013_04_06/Cypriot-presidency-in-calm-call/

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Co-op rumour spreads panic : Cyprus ›

Categories: EU Erosion

Tags: Central bank, Cooperative banking, Cyprus, Friday, Government, Hairstyle, Russia, Voice of Russia

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Cyrpus : Friday saw a run on the country’s cooperative banks – Trust in the system may not return

Cypriot presidency in calm call

Cyrpus : Friday saw a run on the country’s cooperative banks – Trust in the system may not return

Cypriot presidency in calm call

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