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View Diary: BREAKING NEWS: Parliament of Cyprus Rejects "Bailout," Bank "Haircut" (143 comments)

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  •  Hard to believe there won't be a run (0+ / 0-)

    If I had savings in Cypress, I would move my money elsewhere as soon as I could. I can't imagine that is not what a whole lot of people are going to attempt to do as soon as the "Banking Holiday" ends. If there is indeed a lot of dirty money in Cypress banks, it will be hard to move, so that may be about the only sort of funds left in the banks in short order.

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