Mar 28, 2013

I think the Turks on the other side of the island are giggling

In the Pearl of the Middle Sea banks have reopened at last. For what  little good that does you if you're out of oats and your donkey is hungry. The Cypriot politicians get to decide how much of your money you can reclaim from their Russian Mafia Laundromat.

But the Cypriot man on the street is less than panicked, and leave it to England's Fleet Street to live-blog the stiff upper lip:

Cypriots are not only taking their money out of the banks, they are also depositing it.

Kyriakos Vourghouri, owner of a minimarket, waved a deposit slip showing an amount of €678 euros as he emerged from the bank.

"I didn't withdraw any money. I deposited money," he told AFP. "The problem is not in Cyprus, it is in Europe, which has become gangrenous."

I doubt I'd have used the word "gangrenous." I think "monetarily diarrheatic " might be closer.


Can't happen here, of course, what with our commitment to free enterprise and sound money.

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