Huge cash outflows from Cyprus banks despite closures, controls

Either Cyprus bank controls and closures only apply to the little people or they’ve been ignored. Money has been leaving Cyprus by the billions, and amounts rose sharply last week when they should have fallen instead. Thus, Cyprus is being raped and looted.

It also means game over for the bailout as envisioned, as the EUR17 billion is history, and much more cash will have to be injected to cover for the stealth outflows.