Took place over the weekend and is official (as if we doubted it) Cyprus banks took a percentage of peoples savings to pay off the countries debt. The amount/percent (per CBS radio NYC) is yet unknown but it is said that many Russian's are unhappy.
On another note the Euro has fallen in early trading to a new low against the USD. Talk continues of splintering the Euro into 2 or more units with different values.
Stay tuned, and keep an eye on your banks folks.
