British savings at risk as EU threatens to pull the plug on Cypriot banks

Posted byRussian_Village Leave a comment on British savings at risk as EU threatens to pull the plug on Cypriot banks

The Telegraph
Thursday 21st March, 2013

The European Central Bank will switch off the life support for banks in Cyprus, wiping out £1.7 billion in British savings, after next Monday unless the island signs off on a radical debt-cutting programme with the eurozone and International Monetary Fund.

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