Monday, March 18, 2013
Bank Chaos In Cyprus : What No One DARES To Say
What they also do not dare to say is that it is just the beginning. Cyprus got 10 billions before. That is about 10.000 euro per Cypriot resident - not that the people got that money, just to show a relation. Now there is a new bailout and the ppl have to pay. It wont change anything on the long-term. If they are bankrupt all deposits vs. debt would have to be wiped out to really have a chance to start off new.
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