The post you are reporting:
All banks in Cyprus were supposed to open today, Tuesday, after 10 days' closure.
But they will remain barred until Thursday, as it is expected a bank run will empty the vaults.
Meanwhile, bank transfer restrictions will prevent any meaningful sums being withdrawn and transferred out of the country.
My guess is, the EU, and European Central Bank, will eventually drop repayment of at least a substantial part of the 10 billion euro bailout, and let Cyprus off. They did similarly with Greece.
So perhaps this is the last bailout the EU are prepared to do, and wanted to make it so difficult and scary, that no bank or country in the eurozone ever dare again to ask for a loan.
Because we all know that neither Greece, nor Cyprus, nor Spain can repay their loans to the German/French and other banks that lent it to them.
The command will simply be, from now on: "save yourself", or, "each man save himself", with no bailout forthcoming.
At least, that's my opinion.
