Tag Archives: Bad Bank

Cyprus clinch Bailout deal

By | March 25, 2013 7:19 am

It appears the ‘deal’ to default/restructure the banks has been designed to bypass the need for parliamentary votes, since it is theoretically not a tax. While we have little color on what kind of carnage the President of Cyprus had to accept to his fellow countrymen, the news is that : *CYPRUS, TROIKA REACH AGREEMENT… Read More »