Cyprus clinch Bailout deal

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

What is Cyprus Bailout Crisis

Cyprus is an island country in the Eastern Mediterranean Sea. Cyprus is the third largest island in the Mediterranean Sea, and a member state of the European Union. With talk of another bailout to Cyprus has caused jitters in world financial market when most of them were trading at new highs. Let me explain why … Read more