Stylist suffers as whole nation faces a "haircut" to save its banking system

Описание: (28 Mar 2013) SHOTLIST
AP TELEVISION
Nicosia - 27 March 2013
1. Close of hair being cut
2. Various of hairdresser George Sofroniou cutting hair
3. Mid of customer getting her hair cut
4. SOUNDBITE (English) George Sofroniou, hairdresser, co-owner of the hairdressing salon:
"This haircut has definitely affected our business and it affected a lot of business in Cyprus in general. But for us, I would say that because hairdressing is considered to be a kind of luxury service, that is where people will start saving more money."
Limassol - 26 March 2013
5. Wide exterior of Athos Angelides Enterprises, a company importing hair care products
6. Various of co-owner of company doing a presentation for customers
7. Close of advertising board, pull focus to close of Athos Angelidis
8. SOUNDBITE (English) Athos Angelides, owner of AAE:
"I anticipated, not this to happen, but I anticipated issues last year, when Greece also had the question of whether we're going to remain in the euro and the consequences of that for Cyprus as well, so luckily we transferred monies in the middle of last year over to the UK."
9. Close of a package of hair products, box being taken away to reveal warehouse interior in the background
10. Wide of Chris el Mousa, delivery man, packing products in a carton
11. Close of carton, el Mousa picking it up and leaving room
12. Various of el Mousa in the car, answering a customer phone call
13. SOUNDBITE (English) Chris el Mousa, delivery man:
"I would be stupid if I told you no. I am worried about my job. But, we have to work hard, everybody has to work hard and we'll see what the future will hide for us."
14. Wide tracking shot of street through car window
15. Mid of sign for Athos Angelides Enterprises
16. SOUNDBITE (English) Athos Angelides, owner of AAE:
"We have a substantial amount of cheques that we collected over the last 10-12 days or so, that obviously we were unable to deposit in our bank. We are hoping, the latest news is the banks will open on Friday, I find it a little bit unlikely considering we have another national holiday on Monday so I assume that the banks will probably open on Tuesday, that's my personal opinion, so who knows whether these cheques are going to be honoured. "
17. Wide exterior of Angelides' company building
STORYLINE
Many in Cyprus have had to learn a different meaning to the word haircut - namely cuts in the size of people's bank accounts - the hard way.
Nicosia-based hairdresser George Sofroniou is one of the many affected by the financial crisis in the country.
Co-owner of a hair salon in the centre of the city, Sofroniou knows his service is one of the first to suffer if cash is tight.
"Hairdressing is considered to be a kind of luxury business, that is where people will start saving more money," Sofroniou said.
A step higher on the business chain, the supplier of the hair products serving Sofroniou's shop is happy he was far-sighted enough to move his cash out of country in time.
"I anticipated issues last year, when Greece also had the question of whether we're going to remain in the euro and the consequences of that for Cyprus as well, so luckily we transferred monies in the middle of last year over to the UK," said Athos Angelides, owner of AAE, a company importing hair care products into Cyprus.
The move has spared him from the potential 'haircut' that is expected to hit savers with deposits of more than 100,000 euros (128,000 US dollars) at either of two main banks - Bank of Cyprus and Laiki.
His boss, Angelidis, having avoided the haircut of his bank account, has still been affected by the banking crisis.

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