muses of the moment

June 18, 2013

Cyprus is the template

Filed under: Bailout Nation, Bank bailout, Credit Derivatives, European Debt Implosion, The Banking Crisis — totallygroovygirlfriday @ 7:02 pm

Click here for the ongoing story of how the Cyprus bailout is really going. Punch line: Cyprus is selling its natural resources, infrastructure, and any other asset not tied down. This article also describes what is happening to the depositors, creditors, etc. Or, gg should say, preferred creditors 🙂

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