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Wednesday, March 27, 2013

Cyprus prepares money controls before banks reopen

Customers enter a Bank of Cyprus branch as a Piraeus Bank branch is seen in the background in Athens, Wednesday, March 27, 2013. Greece's Piraeus Bank reached an agreement Tuesday to buy the Greek operations of three Cypriot banks for euro 524 million ($678 million). Piraeus Bank said Cypriot bank branches in Greece re-open Wednesday, a day earlier than in Cyprus. (AP Photo/Thanassis Stavrakis)NICOSIA, Cyprus (AP) — Cypriot authorities are preparing limits on how much money depositors can take out of their accounts a day before banks are set to reopen.



READ THE ORIGINAL POST AT news.yahoo.com
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