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Financial Post: Why a bank run in Cyprus didn’t materialize

Blog by Brad Herman | April 2nd, 2013

NICOSIA — In the end it was hardly even a stroll, let alone the widely predicted run on the banks of Cyprus.

Commentators had been confident that as soon as the banks reopened on Thursday at noon after Cyprus signed a rescue deal with the European Union to stave off national bankruptcy, there would be scenes of chaos.