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Tag Archives | Cyprus

Making the Truth Illegal – revisited

“Making the Truth Illegal” is the title of the only post I have ever removed from this blog. I removed it because I was threatened with legal consequences if I did not. (Plus, I would like to add, some of the way I had written the blog post was stupid and could have hurt someone […]

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Two Interviews

Just a brief update. Two links for you . Two brief interviews: one  with me the other with Jonathan Sugarman, both about the failure of Financial Regulators. Belgian TV released another part of the interview they did with Jonathan Sugarman. In this part he talks about the Irish Bank guarentee and asks where was the […]

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Cyprus – The ‘nuclear’ option

Europe, the ECB and the IMF have put a gun to Cyprus’ head. The threat has been made public – you do as we say and seize depositor’s money or – Germany to Cyprus: your banks might never re-open Either Cypriot members of parliament ignore the will of the Cypriot people or the ECB stops […]

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Plunderball – The new Euro banking game

So who will get shafted next? Will your lucky numbers come up? We’ve all heard of deposit insurance, but does it mean what we all thought it meant – that up to a given sum we would not lose any money if our bank collapsed? And by the way – who pays the bill? The […]

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Cyprus versus the EUstapo – a mischievious idea

Cyprus has called the EU’s bluff. The ECB had said if Cyprus did not agree to the seizing of depositors’ money to bail out the banks it would not continue to support Cyprus’ banks which would in all likelihood mean the largest bank, Bank of Cyprus, would run out of money as early as the […]

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EU imposes collective punishment on Cypriots

The official line, as reported by Bloomberg, is that, Cyprus Bank Deposits to Be Taxed in $13 Billion Bailout What this means is that 6.75% 0f the money in any account up to €100 000 and 9.9% of any amount over that has already been frozen in the account and will, if the plan goes […]

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