Tag Archives: cyprus bank

Other People’s Money in Cyprus

 

a car full of money drives away from Bank of Cyprus and driver asks "what's plan B?"The EU tried to tax Cypriot savings accounts up to 10% in exchange for a bail-out of the banking system. The attempted heist was broken up by the Cyprus parliament with 36-0 vote. So now the Cyprus banks are closed until Tuesday awaiting plan B.

Arnold Ahlert says the world banking system is running out of other people’s money -“we’re all Cypriots now”.

 

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