Monday, March 18, 2013

Cyprus Banks to Stay Shut Until Thursday

The EU just decided to take money from everyone who had a savings account in Cyprus. Oh, you want to get your money out of the bank? Too bad, the banks will be closed until Thursday.

This is not going to end well. There are going to be some nervous folks in Greece, Spain, Italy, Ireland, and Portugal right now. Would you keep your money in a bank in one of those countries?

Archduke Franz-Ferdinand could not be reached for comment.

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