Comment: "Funds to pay the levy were frozen in accounts immediately,.."

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SteveMT's picture

"Funds to pay the levy were frozen in accounts immediately,.."

"... ECB Executive Board Member Joerg Asmussen said. The levy will be assessed before Cypriot banks reopen on March 19 after a March 18 national holiday. Sarris said electronic transfers will also be limited until then."
http://www.bloomberg.com/news/2013-03-16/euro-area-takes-aim...

Posted Comment by Anonymoose: (17 minutes ago)

Suddenly those tin foil-foil-hat conspiracy theorists keeping cash and gold in the mattress don't seem so crazy anymore.
http://www.bloomberg.com/news/2013-03-16/euro-area-takes-aim...
[Indeed!]