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Europe Daily Bulletin No. 10846

16 May 2013
Contents Publication in full By article 30 / 40
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Large sums of money withdrawn from banks ahead of aid deal

Brussels, 15/05/2013 (Agence Europe) - Although restrictions on the movement of capital were introduced in Cyprus after the financial aid programme was agreed upon recently, large sums of money had been withdrawn in the preceding weeks, explains a report for Cypriot parliamentarians by Laiki and Bank of Cyprus (BoC) that has been seen by Reuters.

In a single fortnight, €3.6 billion was withdrawn in Cyprus by people with substantial bank deposits and most of the cash taken out of the...

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