Tag Archives: banks

The Winner of the Cyprus Debacle

The President of Cyprus capitulated before the European Union. Friday it was decided that the government would use the banks to confiscate 10% of every single bank account, individual and corporate, in every bank in Cyprus. The eurocrats won against the savers. Today, the Parliament of Cyprus annulled the President’s decree. No money will be confiscated. The eurocrats can go […]

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