Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
The gangsters had a heads-up a week ago. A lot of Russian money has already moved elsewhere.

As for the politics - apparently the aim is to minimise any possibility of senior bond-holder losses, to push depositor money northwards, and to make Cyprus a docile client state whose interesting mineral resources can be extracted with a minimum of unfortunate local enrichment.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Mar 18th, 2013 at 07:59:14 AM EST
[ Parent ]
Why must they be protected at all costs, including demolishing deposit insurance, and at the risk of destroying the euro?

Whoever they are, they must be scarier than the Russian mafia.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Mon Mar 18th, 2013 at 09:15:15 AM EST
[ Parent ]

Display: