Cyprus vs Bankocracy: 'Mattress better place to keep cash than banks'

Author: 
portos
 
Description: 

Thousands of Cypriots are celebrating, after the country's Parliament gave a resounding no vote to the EU-IMF bailout package. The move could have seen the government take up to 10% of people's savings, from private bank accounts - as a precondition to securing the much needed 10 billion euro loan. Now that it's been rejected, the ailing Eurozone member will have to work out another plan to avoid bankruptcy. READ MORE:http://on.rt.com/xerjb1



RT LIVE http://rt.com/on-air



Subscribe to RT! http://www.youtube.com/subscription_c...



Like us on Facebook http://www.facebook.com/RTnews

Follow us on Twitter http://twitter.com/RT_com

Follow us on Google+ http://plus.google.com/+RT



RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.