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7 o'clock here in new York -- there are new concerns of an impending financial disaster -- thousands take to the streets.
And the tiny eastern Mediterranean country of Cyprus.
They're upset about the terms of a bailout package that taxes certain bank deposits.
Welcome to a brand new hour of America's news -- -- still trying to figure this thing now -- Bill Hemmer welcome here welcome new game is well.
Bill great to be with you they are very unhappy over in Cyprus but back here banks in that troubled country they've been closed since March 15.
All -- the two largest banks were supposed to open today in our temporary measures that will be placed on transactions when they do we open.
Prevent a run on deposits people grabbing their money out it could happen business owners there say the lack of available cash is already hurting business.
Maybe fourteenth day.
We end up saving money in the market so -- what he's saying is that if they can see so I hope the violence so hopefully we'll -- them.
Greg Palkot streaming live for -- in cypress break.
-- Jamie we are standing in front of -- one of the banks that was up most of the open today.
-- can ask my cameraman now James did zoom beyond me and show you.
The fact of life here it is closed it is empty all banks have been delayed their opening now set for Thursday.
At that time folks -- -- had no access to banks to online banking -- electronic transfers for an amazing and astounding.
Twelve days can you imagine you were in that situation.
AT and -- if they had passionate which is rare now have a limit of 100 euros about a 130 dollars.
The reason the officials here want to have restrictions in place they're trying to prevent that wrong on the banks.
They have the biggest -- as you noted with in the past 24 hours.
Because the terms of the situation.
The government saying they're gonna investigate why this whole financial mess happened there's a lot of blame to go around game.
All right Greg Palkot -- what is the mood there then with them all the folks.
Still very unhappy can't get their money.
You can kind of imagine the mood here is angry and nervous.
-- that they're waiting for this to resolve itself.
Out on the street today they -- students there worried about their future actually a slowdown in the economy here is just his biggest fear we talked to one well.
That this thank you can't believe that he's -- about has won me he's worried about salary of course another big clear here and in Europe.
Could the tactics were used to -- good thing he used elsewhere especially that controversial quotes to seize assets.
Private bank accounts.
To help pay for the government rescue EU officials today.
We're scrambling to say this was a unique situation or a one all as they call it.
Analysts and markets are not too sure there's one more bit of uncertainty to -- to the global economy that to you and a huge one on on the markets are looking pretty good here today thanks so much Greg so men.
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