Tuesday, March 26, 2013

Aid Raid: Fear & loathing grips Cyprus as ECB hastens debtline (VIDEO)

Students have taken to the streets of the Cypriot capital Nicosia, protesting against the last-ditch bailout deal sealed on Monday.

Reports say a couple of smoke bombs went off, as the crowd chanted against the troika.

Cypriots have been anxiously waiting for banks to re-open on Tuesday, but their doors remain closed, all banks on the island will stay shut until Thursday.

Even then, capital flows will be temporarily restricted.

The last-ditch bailout deal may be hailed as a relief by the government and the EU, but it's certainly no comfort for people struggling to withdraw their money, as RT's Tesa Arcilla reports from Nicosia.

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