Monday, March 18, 2013

Bank Heist In Cyprus Threatens Eurozone

Over the weekend, IMF, ECB and Cyprus banking officials agreed to a plan to swipe depositor's funds to pay for a bailout. Small depositors rush to get their funds out of banks. The mattress looks safer. Will this trigger a run on banks in other European countries?

More evidence that the Eurozone is a flawed monetary union.

What can they be thinking.

Germany remains confident in austerity.

One view of the decision:

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