OK

These diaries are the most Recommended for all time for this tag:
Explained in the most simplest of terms, Cyprus is different because it isn't a bail-out - it's a bail- in . Imagine that one day the government decided to declare a bank holiday and stop all ...
by gjohnsit
Comment Count 425 comments on Tue Mar 19, 2013 at 07:50 AM PDT with 336 Recommends
Now that the details of the bail-out are becoming clear, it's time to look at the full effects of the now economically devastated country.
by gjohnsit
Comment Count 269 comments on Sat Mar 30, 2013 at 11:33 AM PDT with 202 Recommends
Savers in Cyprus desperately tried to get their money out of banks ahead of a EU & IMF bailout that imposed a levy on savings. A 9.9% levy is being placed on savings over 100,000 EU and a 6.75% ...
by FishOutofWater
Comment Count 322 comments on Sun Mar 17, 2013 at 01:43 AM PDT with 192 Recommends
Euro zone senior financial officials are in a panic over the Cyprus situation, as the transcript of a conference call shows. Just check out these quotes: In detailed notes of the call seen by ...
by gjohnsit
Comment Count 167 comments on Thu Mar 21, 2013 at 07:35 AM PDT with 183 Recommends
In a vote that already has the makings of being enshrined in history, the parliament of Cyprus voted on Tuesday evening to reject the EU-sponsored "bailout" of the country's economy. This "bailout" ...
by neo11
Comment Count 143 comments on Tue Mar 19, 2013 at 12:14 PM PDT with 153 Recommends
The Eurozone crisis has been declared dead and buried by multiple european politicians. Nevermind that the Eurozone is in recession, and that unemployment is rampant in southern Europe, and ...
by gjohnsit
Comment Count 42 comments on Wed Jul 03, 2013 at 11:48 AM PDT with 81 Recommends
"There is no evidence of foul play," the official said. The U.S. ...
by exmearden
Comment Count 33 comments on Fri Jul 06, 2007 at 01:26 AM PDT with 44 Recommends
Everyone know by now the novel method proposed for saving the banks in Cyprus, get the people to pay for their salvation after the banking industry was allowed to blossom to unheralded proportions. ...
by LaFeminista
Comment Count 47 comments on Tue Mar 19, 2013 at 01:44 AM PDT with 37 Recommends
A lot of ink has been spilt about the botched Cyprus bailout, and for good reason. But few have looked into why it happened. Yesterday's Wall Street Journal article rightly looks at how the ...
by gjohnsit
Comment Count 36 comments on Thu Mar 28, 2013 at 01:40 PM PDT with 34 Recommends
Finance Minister Michael Sarris said "significant progress" had been made in talks in Nicosia with officials from the European Union, European Central Bank and International Monetary Fund. He ...
by War on Error
Comment Count 197 comments on Sat Mar 23, 2013 at 08:02 AM PDT with 34 Recommends
Yesterday Cyprus formally asked for a bailout from the EU. Cyprus, the fifth euro zone country to seek emergency funding from Europe, may need a bailout of up to 10 billion euros — over half ...
by gjohnsit
Comment Count 20 comments on Tue Jun 26, 2012 at 04:43 PM PDT with 34 Recommends
Greenpeace’s request is to “Repost Widely.” This link is the only link that works, don’t try the others. Get code here, or take it ...
by Winter Rabbit
Comment Count 7 comments on Tue Jun 10, 2008 at 07:48 AM PDT with 34 Recommends
Sometimes the Israeli occupation authorities and their allies try to project a "mad dog" image to their opponents: don't bother trying to resist our power, because we are ready to crush you by any ...
by Robert Naiman
Comment Count 49 comments on Sat May 29, 2010 at 09:16 AM PDT with 30 Recommends
Last week the major trade unions of Spain called for a general strike against austerity on November 14. This happened to be the same day that labor unions in Greece and Portugal are also ...
by gjohnsit
Comment Count 23 comments on Tue Oct 23, 2012 at 12:45 PM PDT with 29 Recommends
Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe’s debt ...
by shrike
Comment Count 72 comments on Sat Mar 16, 2013 at 03:00 PM PDT with 26 Recommends
http://www.nytimes.com/2013/03/26/business/global/bailout-or-no-cypriots-simply-want-their-money.html?hp&_r=0 Exactly as per recent comments of mine - I was just doing common sense. It's too late ...
by dov12348
Comment Count 84 comments on Mon Mar 25, 2013 at 07:20 PM PDT with 24 Recommends
For a very long time now I've been arguing that the international banking system is basically a quasi-criminal racketeering organization. I would ask the reader to consider the vast amount of ...
by Ray Pensador
Comment Count 9 comments on Tue Mar 19, 2013 at 11:45 AM PDT with 23 Recommends
Trust in banks is misplaced. Just consider what happened in the past two weeks. A U.S. Senate investigation revealed that the Dodd-Frank Wall Street Reform and Consumer Protection Act failed in the ...
by Leo W Gerard
Comment Count 7 comments on Wed Mar 27, 2013 at 07:34 AM PDT with 21 Recommends
What the fuck?!?!? New Zealand is planning to effectively end government insurance of small deposits? That's been the the foundation of banking in the industrialized world since the 1930s! Such a ...
by LunkHead
Comment Count 34 comments on Tue Mar 19, 2013 at 01:45 PM PDT with 21 Recommends
The International Consortium of Investigative Journalists (ICIJ) just launched a multi-year project aimed at stripping away the biggest mystery associated with tax havens: the owners of anonymous ...
by Bud Meyers
Comment Count 7 comments on Thu Apr 04, 2013 at 12:16 PM PDT with 20 Recommends