Cyprus makes frantic effort to prevent run on its banks

Fears that cash will flood out of country when banks re-open as eurozone ministers discuss plan B in emergency conference call Cyprus is embarking on emergency efforts to restructure its second largest bank and considering new rules to stop money flooding out of the country's banks when they reopen next week after being shut for ten days. As eurozone finance ministers held an unscheduled conference call at which they agreed to discuss a "plan B" for Cyprus, the Nicosia government submitted a bil...