Cyprus bank heist

[bigbadwolf]

A Londoner explains the Cyprus bank heist. Now why can't FE profs lecture with the same eloquence?

 

[Daniel Duffy]

It sets a precedent. The gloves are off.

 

[bigbadwolf]

Well, the Cypriot government is already backing away from penalising small depositors. Meanwhile my pal James Meadway wrote a good essay yesterday explaining the hidden agendas:

http://www.counterfire.org/index.ph...s-contagion-and-the-return-of-the-euro-crisis