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There were fears of a run on deposits by Russian, Greek and British account-holders who are estimated to control almost half the €68bn of deposits in the Cypriot system when the system reopens.

All if which had good reason to keep their money in Cyprus (as opposed to, say, in Germany) and no obvious other place to go (although the inconvenience of the other places will be less when compared to Cyprus itself, now, presumably)

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sun Mar 17th, 2013 at 02:52:43 PM EST
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