Cyprus: Savers Vent Anger As Banks Open

Written By Unknown on Jumat, 29 Maret 2013 | 10.52

He knew this would be a day to sit down and wait. So he brought his own chair.

Mr Milton Loucas is 80-years-old and like thousands of Cypriots wanted to get into his bank to discuss the financial nightmare that he's suddenly inherited.

For nearly two weeks he like everyone else has been restricted to rationed euros from cash points and has been terrified about losing his life savings.

Sat on his small tatty chair outside his branch and with tears in his eyes, he told us: "They have stolen our money.

"I have been working for 60 years. I am 80-years-old. I cannot work again for my living - they have cut the lot.

"Our money, our social insurance - they have cut them. How are we going to live?"

As he emerged back into the midday sunshine, Mr Loucas was still angry and upset. He said: "They can do nothing because they don't know if they will survive this tsunami.

"Perhaps if (there is) another haircut they will lose their jobs."

The pensioner did not wish to disclose how much money he had lost, only saying it was about half of his entire funds.

He told me he'd faced worse in his life - as a younger man travelling in Africa he'd escaped from an execution squad in the Congo - this though is an ordeal for everyone in his homeland.

His fury is pointed firmly towards Brussels, Berlin and the architects of this EU bailout.

Referring to German finance minister Wolfgang Schaeuble, he said: "This is the message of that awful minister of the economy."

He added: "I hope that people should understand that our position is terrible and not to enjoy what has happened to us.

"Just to say, let's hope that this country will stand up again - and that's what we hope for everybody."

With that he picked up his chair and strolled off down the street to another bank where he has further savings.

This was a stroll on the banks rather than a run, but the anger of Mr Loucas seemed to speak for a nation.


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