THE BLACK KETTLE

Proverbs 21:30

Want to See a Bank Panic? Head for Cyprus

by Rick Moran:

The run on banks in Cyprus is not directly caused by the financial crisis in that country. Rather, the panic was created by the EU who is demanding that bank depositors forfeit some of their money in order to help pay for the latest bailout of an EU economy.

Reuters:

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March 17, 2013 - Posted by | Uncategorized

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