Cyprus banks will stay closed until Thursday

NEED MORE TIME TO STEAL!!!!!!!!!!!!!

http://www.bbc.co.uk/news/business-21823432


18 March 2013 Last updated at 11:50 ET

Cyprus banks will stay closed until Thursday

The Cypriot central bank has announced that the country's banks will stay closed until later this week as fears mount of a bank run.

The country's banks were closed for a scheduled Bank Holiday on Monday, something that allowed Cyprus to try to implement a levy on savers' deposits.

That move triggered unease among depositors in Cyprus, where cash machines soon ran out of funds.

It had earlier unnerved investors, sending shares and the euro lower.

The EU and IMF want all bank customers to pay a levy in return for a bailout worth 10bn euros ($13bn; £8.6bn).

Spanish and Italian markets were down 2%, with bank shares the hardest hit.

The euro lost 1% against both the pound and the dollar, leaving it at 85.6p and $1.295 respectively.

Earlier, Japan's Nikkei 225 index fell 2.7%, while Hong Kong's Hang Seng and Australia's ASX 200 dipped 2%.

Many major banks in Italy, France and Spain, some of the eurozone's most indebted countries, were down between 4% and 5%.

In France, Credit Agricole and Societe Generale were the worst affected, losing about 4.5%, while Spain's BBVA lost a similar amount.

In Germany, Deutsche Bank was down 3%, while Commerzbank was 1.3% lower.

I can't believe the Banks are doing this, it's absolute robbery!