Cyprus banks have reopened, and things are pretty orderly.
This is probably the defining image of journalists trying to get a shot of the news.
I know it's early, but so far this 'bank run' has something of the Monty Python about it......
Cyprus is expected to complete capital control measures on Wednesday to prevent a run on the banks by depositors anxious about their savings after the country agreed a painful rescue package with international lenders.
Greece's central bank had billions of euros of banknotes shipped in from other central banks to avert a bank run during the country's debt crisis as depositors withdrew their money, newspaper To Vima reported on Sunday.
There are signs that investors are already worrying about Spain leaving the euro, as banks there are seeing money leave in large quantities. Pedro Schwartz, economics professor at San Pablo University in Madrid, gives his assessment on the risk of...
It now seems that the 21st century will resemble the 19th and early 20th centuries, with periodic panics and runs on financial institutions — but in a redefined form.
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