https://www.bbc.co.uk/news/business-66049915
They are having to take extreme measures to comply with debt restructuring terms from an IMF loan/bailout.
The EU finance ministers decided yesterday that all depositors at Cyprian banks will have to pay for the bailout of the government, regardless of whether their bank is in trouble or not. Collectivism at it's best. It's also gonna hit local and smaller depositors more heavily, because smart money...
Germany's largest bank is now experiencing similar symptoms to Scotland, Ireland, and Russia.
Thanks SilverDoctors: http://www.silverdoctors.com/banking-it-glitch-reaches-germany-deutsche-postal-bank-halts-atm-transactions/
It seems that bank holidays will be likely in our future, so I thought it would be worth while to discuss them.
If they do occur, are they generally called for by the government, or do the banks themselves decide to be closed to avoid a run?
How long could we expect a "typical" bank closure to...