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Pictures From A Cyprus ATM Line

Tyler Durden's picture




 

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

 

Via NYT

 

Via Sigma Live

 

 

 

Via @janinel83

 

 

Via @jkozakou

 

 

Source: Twitter and Fred

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Thu, 03/21/2013 - 10:22 | 3356871 fonzannoon
fonzannoon's picture

They look pretty calm.

BAAAAAA BAAAAAAA

Thu, 03/21/2013 - 10:28 | 3356911 Dr. Richard Head
Dr. Richard Head's picture

Counting bodies like sheep to the rhythm of derivatiives.

Safe from savings and labor and joy and other poisoned devils, saying they don't give a fuck about you like the EU.

Thu, 03/21/2013 - 10:31 | 3356926 Pladizow
Pladizow's picture

Not many PM owners in those lines!

Wait, no, is that..... MillionDollarBonus in line?

Thu, 03/21/2013 - 10:32 | 3356942 nope-1004
nope-1004's picture

Those are lines of people waiting to DEPOSIT money back into the bank. After all, they know this is a crisis and they are doing their part to help out the national banks.  It's the weak-kneed libertarians with closed minds, like those on ZeroHedge, that are not seeing the real thing here in these pictures.

-MDB

 

 

Sorry.... just had to.

 

Thu, 03/21/2013 - 10:33 | 3356951 Big Slick
Big Slick's picture

Long bulldozers

Thu, 03/21/2013 - 10:39 | 3356999 Say What Again
Say What Again's picture

I was expecting to see hot chicks in teeny-Bs

http://www.teenyb.com/

Thu, 03/21/2013 - 10:42 | 3357007 Haywood Jablowme
Haywood Jablowme's picture

Time to roll out the hot dog stands again.  Opportunitays be all around me.  BOOM! BITCHEZ

Thu, 03/21/2013 - 10:48 | 3357046 francis_sawyer
francis_sawyer's picture

I'll translate those signs for you... They say...

~~~

FREE SPIDERMAN TOWELS!

Thu, 03/21/2013 - 10:53 | 3357079 redpill
redpill's picture

Didn't these ATMs run out of cash days ago?

Relax and have another gyro there's nothing left to wait for.

Thu, 03/21/2013 - 10:58 | 3357092 kliguy38
kliguy38's picture

gives new meaning to counting sheep

Thu, 03/21/2013 - 11:21 | 3357201 Spirit Of Truth
Spirit Of Truth's picture

I presume the definition of "bank holidays" will soon be extended to cover closing ATMs as well.  Wonder what the daily cash withdrawal limit is?  People have likely been making this pilgrimage to ATMs a daily occurrence.  Seriously considering withdrawing every penny I have on deposit today before the contagion begins...

Thu, 03/21/2013 - 11:31 | 3357256 mayhem_korner
mayhem_korner's picture

 

 

I think I'm going to stand in one of those lines, carrying an industrial-grade drill bit and a black bag marked "danger - explosives".

Thu, 03/21/2013 - 12:01 | 3357450 mr_T
mr_T's picture

US BANK HOLIDAY...announced by VP and the honorable MF Corzine...I pitty us fools.

 

https://www.youtube.com/watch?v=d-cLZai63GA

 

 

Thu, 03/21/2013 - 12:05 | 3357483 boogerbently
boogerbently's picture

How long would it take you to withdraw your entire life savings/401 from the ATM at $2-300 limit per day ?

Thu, 03/21/2013 - 12:20 | 3357579 killallthefiat
killallthefiat's picture

I must have missed the memo.

 

"Twitter"="Shovels"

"Facebook"="Pitchforks"

Thu, 03/21/2013 - 13:54 | 3358134 Spirit Of Truth
Spirit Of Truth's picture

Cyprus Popular Bank imposes 260 euro per day limit on ATM withdrawals -

Thu, 03/21/2013 - 12:23 | 3357595 fourchan
fourchan's picture

it depends, on weather i brought my slege hammer or not.

so far im not seeing any sledge hammer owners.

Thu, 03/21/2013 - 12:29 | 3357638 mayhem_korner
mayhem_korner's picture

 

 

Why aren't these folks waiting for the brink's truck to come by and 'replenish' the ATM?  I suspect one could barter their way to an override of the daily limit with a reasonable stipend to the driver to look the other way...

Thu, 03/21/2013 - 12:12 | 3357518 N. B. Forrest
N. B. Forrest's picture

Sucks to be these bastards, however when I see the same thing in Greece, Spain and Italy, then I'll know that the shit really has hit the fan.

Thu, 03/21/2013 - 12:20 | 3357571 Richard Chesler
Richard Chesler's picture

The waiting would be more tolerable if lampposts were decorated with banksters.

 

Thu, 03/21/2013 - 11:21 | 3357106 francis_sawyer
francis_sawyer's picture

They used the last bit of previous existing customer account money to buy more Spiderman towels to give out to the expected surge of NEW account customers...

~~~

Edit: What's with the fucking 'junks'?... Is fucking Spiderman 'Hebrew' or something?

Thu, 03/21/2013 - 11:31 | 3357253 LFMayor
LFMayor's picture

I think you may have some perma-fans.  You smacked their little pee pees and it's a good mad and they're going to run with it.

Thu, 03/21/2013 - 11:34 | 3357282 francis_sawyer
francis_sawyer's picture

I don't even need 'ON STAR' to figure out when kito is on 'the Hedge'...

Thu, 03/21/2013 - 11:43 | 3357346 nope-1004
nope-1004's picture

lol

Thu, 03/21/2013 - 12:57 | 3357767 Panafrican Funk...
Panafrican Funktron Robot's picture

Honestly, whenever I see Kito post, I immediately think of Kato Kaelin.  

Thu, 03/21/2013 - 15:07 | 3358596 francis_sawyer
francis_sawyer's picture

Instead ~ I think of Jos A Bank & Men's Wearhouse... [Buy one get '7' FREE promotions]...

~~~

kito doesn't adhere to the Tyler Durden wisdom... KITO 'actually IS' his khakis...

Thu, 03/21/2013 - 11:19 | 3357196 walküre
walküre's picture

No problem.. if it fails the Cyprus National Bank has a DEPOSIT PROTECTION SCHEME for all those peons with less than 100k in their accounts.

They just can't find 7 billion Euro to satisfy the EU request to trigger the bailout but they will have enough to cover that fraction of 30 billion in deposits which is the small fray. Really?

Cyprus will reopen and pay out in new money which will have devalued at least 50% to the EUR by then. Bank run will happen either way and the more the peons withdraw, the more the value will drop. Case closed. This is how its done everywhere.

Thu, 03/21/2013 - 12:01 | 3357434 Ghordius
Ghordius's picture

let me guess... this would make Cypriots happy?

anyway, +1 for describing correctly what an exit would look like

Thu, 03/21/2013 - 14:33 | 3358344 Catequil
Catequil's picture

it is not the ATM line-ups that will rock the boat, rather than the wire transfer orders that build up waiting for the reopening on Tuesday...

 

Thu, 03/21/2013 - 11:20 | 3357197 walküre
walküre's picture

doppelt

Thu, 03/21/2013 - 12:08 | 3357362 The Big Ching-aso
The Big Ching-aso's picture

Cyprus ATM?............

 

Automated Trickle Machine

 

 

 

 

Thu, 03/21/2013 - 12:28 | 3357633 fourchan
fourchan's picture

ass tapped mechanically.

Thu, 03/21/2013 - 12:18 | 3357563 dumpster
dumpster's picture

run out of cash .. lol   the minions just keep putting more in

Thu, 03/21/2013 - 11:17 | 3357181 Agent P
Agent P's picture

From the pictures, I thought it translated to "Apple Store".

Thu, 03/21/2013 - 11:28 | 3357235 Overflow-admin
Overflow-admin's picture

+1 for Bankia reference!

Thu, 03/21/2013 - 10:48 | 3357047 DblAjent
DblAjent's picture

Haywood - no I woodn't

Thu, 03/21/2013 - 10:49 | 3357049 Big Slick
Big Slick's picture

Me Laiki you long time

Thu, 03/21/2013 - 10:50 | 3357056 Divided States ...
Divided States of America's picture

The time is coming soon...although there is no violence yet from the pics, you can tell people are animated or in disbelief of whats going on....as long as there is still money in the ATM machine...I am surprised there still is money in the ATMs though unless they limit the withdrawal to 200 bucks a day or something...enough to buy food for one day

Thu, 03/21/2013 - 11:00 | 3357101 Key-Rick
Key-Rick's picture

ATM machine =

Automated Teller Machine machine. 

Thu, 03/21/2013 - 11:40 | 3357311 pods
pods's picture

Do I need my PIN number to use an ATM machine?

pods

Thu, 03/21/2013 - 12:29 | 3357636 Big Slick
Big Slick's picture

Not if you're from south of the Rio Grande River

Thu, 03/21/2013 - 12:38 | 3357682 Kirk2NCC1701
Kirk2NCC1701's picture

Now you might have to use your "SIN number" also.  ;-)

Thu, 03/21/2013 - 12:42 | 3357708 Zero Debt
Zero Debt's picture

I suggest you try the PI number.

Thu, 03/21/2013 - 13:14 | 3357855 Key-Rick
Key-Rick's picture

Excellent!  +1

Thu, 03/21/2013 - 11:58 | 3357432 XitSam
XitSam's picture

ATMs have eliminated bank teller jobs. -- Obama

Thu, 03/21/2013 - 12:28 | 3357634 Non Passaran
Non Passaran's picture

Right, and if he said AT machine, you'd come up with some other shit.

Whatever.

Thu, 03/21/2013 - 15:10 | 3358631 Master Chef
Master Chef's picture

$200 just enough to buy food for one day? you must have a healthy appetite... or only eat in restaurants. Can I come to your house for lunch?

Thu, 03/21/2013 - 10:51 | 3357066 TeamDepends
TeamDepends's picture

You mean horse dog?

Thu, 03/21/2013 - 11:29 | 3357243 debtor of last ...
debtor of last resort's picture

You mean dog dog?

Thu, 03/21/2013 - 10:42 | 3357017 resurger
resurger's picture

woooot

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