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Cash-free Despair: Cyprus reopens banks as eurocrats grip island's economy
RussiaToday·Published on Mar 28, 2013
Banks have re-opened in Cyprus, allowing access to savings for the first time in almost two weeks. There's little relief for cash-strapped citizens though, with severe restrictions imposed on how much money they can withdraw. The limits are set to prevent a bank run, making Cyprus the first Eurozone nation to introduce capital controls. For more on what's going on RT talks to correspondent Tesa Arcilla who's outside the bank in Nicosia.
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''Power concedes nothing without a demand. It never did and it never will. Find out just what any people will quietly submit to and you have found out the exact measure of injustice and wrong which will be imposed upon them, and these will continue till they are resisted with either words or blows, or with both. The limits of tyrants are prescribed by the endurance of those whom they oppress.''~Frederick Douglass
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