Oh in that case. Ok, why don’t you make a specific, testable prediction? I’ll see whether I disagree and then we can see what actually happens? Otherwise I’m going to stop approving your trolling.

If people withdraw money in panic, even the current high liquidity levels of banks won’t be sufficient and many more banks will fail due to liquidity risks. Occam’s Razor suggests the simpler theory is usually the better one – and the common view explains the actions in Cyprus quite well without your conspiracy theory. You suggest looking wider than Cyprus without explaining what, other than Cyprus, you’re talking about.

Erm, no. The capital controls are restricting the outflow of capital from banks. So they definitely aren’t pushing capital into property or equity markets.