ATMs are being drained in Cyprus
after European Union chiefs
decided late Friday night
to raid private savings accounts
to help pay for the country’s $13 billion bailout.
Of course it’s a holiday weekend and banks are closed on Monday,
preventing a panicked bank run.
It is now being reported that the Cypriot cabinet has extended the bank holiday into Tuesday
and possibly Wednesday
in an effort to calm the growing unrest.
Electronic transfers have also been halted in order to prevent capital flight.
EU banksters really know how to pull off a heist.
and more here