Cyprus Bailout | A Badly Kept Secret

Cyprus Bailout | A Badly Kept Secret

At the end of this article is the list of 132 companies which withdrew their money within 15 days of the bailout levy shutdown of accounts. The list includes Loutsios & Sons who are alleged to have a close association with the south’s President Anastasiadis. I can imagine the Inspector Clouseau style investigation will go something like this:

Qu. Why did you take your money out?

Ans. I felt that the Cyprus Banking System was in trouble.

Qu. Did anyone tell you there was going to be a ‘haircut’?

Ans. No, it was obvious! Only an idiot would have left their money in the country. Didn’t you take out your money?

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