Day: March 25, 2013

Bailout by Any Other Name: EU & Cyprus Change Deal

March 26, 2013 By: Kelly Diamond, Editor The response from Cypriot account holders to the initial bailout proposal to levy a “tax” of 6.7% to 9.9% across the board sent the EU and Cyprus government back to the drawing board for a different deal. The second largest Cypriot bank (Laiki) will close, the first largest […]

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