Cyprus Has Finally Killed Myth That EMU Is Benign
This piece from Ambrose Evans-Pritchard is about as hard-hitting an analysis of Cyprus as I have read and really makes an interesting introduction to this week’s Outside the Box. No messing around: Capital controls . . . → Read More: Cyprus Has Finally Killed Myth That EMU Is Benign Similar posts: Are Cyprus banks canaries in the coal mine? Martin D. Weiss Even while Cyprus’s largest banks sink... Euro Bailouts – The Good, The Bad & The Ugly The markets appear euphoric about the ability for European policy... Eurozone Needs Markets Not Bailouts Deutsche Bank Chief Josef Ackermann is looking after his own...

This piece from Ambrose Evans-Pritchard is about as hard-hitting an analysis of Cyprus as I have read and really makes an interesting introduction to this week’s Outside the Box. No messing around:

Capital controls have shattered the monetary unity of EMU. A Cypriot euro is no longer a core euro….

The complicity of EU authorities in the original plan to violate insured bank savings – halted only by the revolt of the Cypriot parliament – leaves the suspicion that they will steal anybody’s money if leaders of the creditor states think it is in their immediate interest to do … [visit site to read more]

Similar posts:
  1. Are Cyprus banks canaries in the coal mine? Martin D. Weiss Even while Cyprus’s largest banks sink...
  2. Euro Bailouts – The Good, The Bad & The Ugly The markets appear euphoric about the ability for European policy...
  3. Eurozone Needs Markets Not Bailouts Deutsche Bank Chief Josef Ackermann is looking after his own...
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