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-- banks are poised to reopen tomorrow rich -- has more on the capitol.
Restrictions and also the haircut that some depositors might.
-- -- -- -- Hey rich.
Hey good morning -- and guess haircuts of up to 40% to thigh you've got an -- over a 100000 euros inside the bank of Cyprus and much more if you -- in Cyprus popular bank that's the one.
It's going to eventually be resolved this is a resort town lot of ex pats here lot of retired folks here.
And so the questions -- -- surrounding how much money is left in these banks that they're trying to resolve and whether or not the brits and Russians here.
Had an exodus of capital as there were banking problems going on before.
The EU rescue took place talked some of the folks around here the -- certainly don't wanna talk -- of their capital advisors -- the British folks are saying that.
You know they think that they can weather this storm here but they're they're noticing it decline in economic activity here and for many they say.
There's simply devastated.
It's his sense of a great losses.
Sorrow and confusion and -- -- -- What is it really happening what is going to happen.
And -- anybody would have.
These is that is the questions I think people guys have very much affected.
So digging here's the latest from Cyprus its bank eleven bank closing -- number 1111 days in a -- were supposed to have banks open tomorrow but folks aren't all that confident.
That they'll actually be open tomorrow they're scheduled.
Sometime around 8 o'clock in the morning to open here -- local time questions still remain on banking restrictions capital restrictions how much folks are going to be allowed to take out of banks if they are open tomorrow.
And whether or not they can take that money out of the country were expecting specifics on that.
From the government today also some mom more news when it comes to the bank of Cyprus the one that's going to get recapitalize in this deal.
The CEO has been ousted reportedly because of a move by governor on the on the bank of Cyprus the Central Bank here's some plenty of moving parts here bank protesters yesterday bank employees will be losing their jobs students protesting through streets.
-- waiting to see what exactly happens tomorrow morning when the banks at least you're supposed to open.
-- Rich and the mood changed at all among cypriots -- do you see as much as is much in terms of protests in the streets today as opposed to yesterday.
You know when you look at yesterday and today it's essentially a holding pattern because we haven't gotten all that much more music it really depends the reaction on who you speak with the students are upset about what they see is that giving away their future of the bankers -- -- protesting because of their jobs the Russians are set because they think.
That this is a proxy Cold War between Germany and Russia with Cyprus stuck in the middle there are some folks and I've heard this phrase a lot here a number of times yesterday alone.
People say look we're not all that worried what's gonna happen is is gonna happen in as long as we.
However health our health will be okay.
Rich thank you for that reporting we'll see you all day long here on fox this is rich -- in Lima -- for more on the European.
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