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 Sigma Live
Source: Twitter and Fred