Large investors in Cyprus will lose up to 80 percent.
Moscow and London pulled their money from Cyprus.
Major investors of the Cyprus National Bank will lose up to 80 percent.
Moscow and London lied euro group and withdrew his money from Cyprus.
At the beginning, it was very strange that the last days the Russians and the English stopped screaming measures against Germany.
Probably billions were withdrawn from banks in Cyprus branches in London and Moscow at the time in Cyprus could not draw more than 100 euros a day, fired Greek media.
Governor Central Bank of Cyprus Panikos Dimitriadis allowed to continue operating subsidiaries of Bank of Cyprus and the Cyprus National Bank in London and in a bank in Moscow.
The decision is justified by the need to buy humanitarian aid, medicine or fuel for airplanes.
From the trio realized that something was wrong when the Cypriot Central Bank requested more money than the amount that was previously filed with the European Central Bank.
Final end of an offshore Cyprus.
It turns out that large depositors to "Cyprus National Bank" will lose 80% of their deposits in Cypriot Finance Minister Michalis Sarris live on state television in Cyprus.
"Speaking realistically, it will be returned very little," said Saris.
The Minister acknowledged that it may take years before being returned to customer deposits, but they can get about 20% of their funds.
"This will be a big hit for customers with deposits over € 100,000," said Cypriot Minister of Finance.
Banks in Cyprus could be open on Thursday, March 28.
Eurozone finance ministers have allocated 10 billion bailout of Cyprus in return for a significant restructuring of the two largest banking groups.
Germany backed the request, Cyprus to cut deposit and also to collect the amount. Berlin did not take other sources of fundraising and Cyprus was forcefully denied by the idea of being nationalized private pension funds under pressure in Germany.