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View Diary: BREAKING NEWS: Parliament of Cyprus Rejects "Bailout," Bank "Haircut" (143 comments)

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  •  De facto pound sterling? (4+ / 0-)

    The British government has sent a million pounds in cash, by an RAF aircraft, to ensure that the British forces based in Cyprus and their families can continue to have funds whatever happens to the local banks. The government has said more cash will be sent if needed.

    Arrangements are also being developed to help UK pensioners, resident in Cyprus, to receive pensions otherwise than through Cypriot bank accounts.

    If the Cypriot banks do not soon reopen and the British are the only ones on the island with cash, maybe the answer to the crisis is for Cyprus to use the pound sterling as an emergency currency.

    There is no man alive who is sufficiently good to rule the life of the man next door to him. Sir Rhys Hopkin Morris, M.P.

    by Gary J on Tue Mar 19, 2013 at 04:58:26 PM PDT

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