Cyprus' finance minister Michalis Sarris has said that depositors with over €100,000 could be hit by a deposit levy of around 40 per cent. Sarris said that capital controls should last only a few weeks.
Capital Controls : (Iceland said that and here we are 5 years later)... Sir John Simon said it in 1939 ... and it took til 1979.— Steve Collins (@TradeDesk_Steve) March 26, 2013
Interesting opinion from some that Cyprus HAS effectively left euro "because a euro in Cyprus would be worth less than a euro in Germany"— David Jones (@DavidJones_IG) March 26, 2013
#Cyprus is like a thorn that gets stuck in your finger. Small, but still irritatingly painful until it is removed.— Yogesh Chandarana (@Yogi_Chan) March 26, 2013