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Cyprus: No Bank Run

Published: March 29, 2013; 12:10 · (Vindobona)

The feared bank-run after the almost two-weeks long closing of the banks in Cyprus has not occured.

Cyprus: No Bank Run / Picture: © Central Bank of Cyprus

The restriction measures to avoid capital outflow have lead to insecurity amonst creditors and investors (many of them Russians) and instabilities on the financial markets. Today, Cyprus’ banks have opened again at the regular hours. A bank run is not expected today as yesterday was not seeing any tumults either. The capital flow had been limited by an emergency law. According to the…

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Cyprus: No Bank Run

The feared bank-run after the almost two-weeks long closing of the banks in Cyprus has not occured.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.