Saturday, March 30, 2013

'Only rabbit from hat can save Cypriot deposits' (VIDEO)

In Cyprus, it's been reported that people with over 100-thousand Euros in the country's biggest bank, are likely to see a large proportion of their savings wiped out. Investors will be offered shares instead of cash.

That's under the terms of the EU bailout deal. Capital controls have effectively quarantined the island state from the rest of the Eurozone.

For more RT talks to Daniel Wagner, CEO of Country Risk Solutions, a risk advisory firm.

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