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MAR 17, 2013 - The Guardian

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Cyprus bailout: 'people are panicking, they're afraid of losing their money'

Cypriots tell of shock finding government had seized up to 10% of savings – despite promise deposits would be safeUnder the palm trees of Larnaca's waterfront promenade, George Kyprou was staring out to sea and scratching his head. "I don't know what to do," he said. Like most Cypriots, he was astonished to wake up one bank holiday weekend morning to discover the government had seized up to 10% of everyone's savings from their bank accounts without warning.Kyprou, 62, born in Larnaca, had worked most of his life as a chauffeur and driver in England, proudly buying his London council flat and ... Read More

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