Originally published on Mon April 15, 2013 4:27 pm
Credit Paul Goyette / Flickr
Hi, it's another installment of Ask A Banker. We've gotten lots of good questions, and also lots of bad questions, on Twitter and email, but answered only a fraction of them, in part because in some columns I just answered questions that I or Planet Money made up. Sorry. So let's make up for lost time by giving short answers to a bunch of real questions from real people, or at least real email accounts.
"A man of genius makes no mistakes," James Joyce wrote in Ulysses. "His errors are volitional and are the portals of discovery." Looks like Ireland's Central Bank has taken that message to heart.
The bank announced Wednesday the launch of a limited-edition coin to honor the Irish writer. The coin features a portrait of Joyce and a quotation from Ulysses, arguably his most famous novel. Trouble is Joyce was misquoted.
It's going to cost more to bail out Cyprus than originally projected, with officials now saying the cost will be $30 billion instead of the original estimate of $23 billion.
"It's a fact the memorandum of November talked about 17.5 billion [euros] in financing needs. And it has emerged this figure has become 23 billion [euros]," government spokesman Christos Stylianides was quoted by the BBC as saying on Thursday.
On the second day since Cyprus reopened its banks, depositors continue to face restrictions on getting at their money. ATM withdrawals are limited to 300 euros a day, and there are limits on how much cash travelers can take abroad.