Coming To Your Bank Account Soon - THEY Take 10% by 'Law'......

[Magda Hassan]

Does keeping the bank doors closed make any difference to electronic transfers out to other safe havens?

"Toto, I've a feeling we're not in Kansas anymore."

Maybe the Yellow Brick Road goes to Moscow....

Yep - the crooks of the IMF and Bundesbank have lost out to the crooks of Russia.

The oligarchs' filthy lucre is GONE!!!!!

No one knows exactly how much money has left Cyprus' banks, or where it has gone. The two banks at the centre of the crisis - Cyprus Popular Bank, also known as Laiki, and Bank of Cyprus - have units in London which remained open throughout the week and placed no limits on withdrawals. Bank of Cyprus also owns 80 percent of Russia's Uniastrum Bank, which put no restrictions on withdrawals in Russia. Russians were among Cypriot banks' largest depositors.

So while one could not withdraw from Bank of Cyprus or Laiki, one could withdraw without limitations from subsidiary and OpCo banks, and other affiliates?

Just brilliant.

:joystick: Gee, I bet no one saw that coming....

ECB officials contacted Latvia, another EU country that has received large Russian deposits, to warn authorities against taking in Russian money fleeing Cyprus, two sources familiar with the contacts said.

"It was made clear to our Latvian friends that if they want to join the euro, they should not provide a haven for Russian money exiting Cyprus," a euro zone central banker said.

And the advantages of being in the EU are what exactly? For those other than German bankers that is.

If we were Cypriots at this point we would be angry. Very, very angry.

With 2 days left of food in the shops we will soon be seeing quite how angry they can be.