tag:blogger.com,1999:blog-36227136.post1228442047563121777..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Cypriot deposit outflows continue but slow in MayOEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-36227136.post-49373600740063827232013-06-27T16:10:38.739+01:002013-06-27T16:10:38.739+01:00It will not stop. The more deposits are withdrawn ...It will not stop. The more deposits are withdrawn the worse the condition of the banks will be. And already a borderline case (seen the letter of the President) a next bail out (or worse) is just around the corner.<br />And furthermore banks are notoriously slow in getting their own affairs in order. So we will hardly see restructuring in the costbase or we see it much too late.<br />You simply donot want money in Cypriotic banks. A bank-walk iso a bankrun, because of the capital controls and the fact that there is no real panic (only Panicos).Riknoreply@blogger.com