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Cyprus preparations under way to re open that nation's banks tomorrow and recording the Wall Street Journal.
Large depositors could lose as much as 40%.
Of their money in a new bailout deal.
Banks there been closed for nearly two weeks of politicians hammered out a deal to qualify for an international bailout.
Authorities had to figure out how to maintain called when the banks do reopened.
Meanwhile ordinary cypriots with no act.
Access to cash are turning to community kitchens.
And handouts for food.
Greg how -- streaming live for us from Nicosia Cyprus -- Paige -- can really that calm before the storm a lot of people.
Are nervous about what is gonna happen tomorrow we have not gotten official word yet but it really does look like.
But thanks for finally -- and it looks like they'll be a lot of controls in place make sure there's not a -- on those banks again according to reports there will be limits on how much money cypriots can transfer out of this country.
Around the equivalent of 4000 dollars we -- told limits on cash withdrawals around 400 dollars.
May be no check use a limit on credit card use all of this said to be temporary but.
If you're a big depositor in -- -- biggest troubled -- you might not be able to touch your money for a long time.
All this does have folks cheered worried and confused especially the little guy the workers people look at for their paychecks thinking.
Wondering if they'll have a job in the next week or next month and frankly not knowing who to blame the politicians that fat cats the European Union themselves.
Listen to what we heard from one -- -- there today.
It's like admitting it's like a dream guides like -- -- team to moto we've moved.
Supposing we -- wake up I met some automotive -- -- -- about I guess.
This is not what -- behalf pin.
But that's not gonna happen and -- what is gonna happen however is a lot of security John they're going to be out in force there will be guards that many if they keep banks.
The folks here who want to avoid a replay of that old Jimmy Stewart movie where results the run on the bank in that movie.
With the markets nervous about this all around the world the people not just here wanna avoid that but people around the world hoping that'll be avoided as well back to you.
Have to stay out of that stampede tomorrow Greg talk off in Cyprus.
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