Tuesday, 19 March 2013

Cyprus - the latest ...

So now it's only deposits of more that twenty thousand Euros that will be affected.

Yippee - imagine how you would feel - overnight your savings are depleted by ten percent - the more you have saved, the more you stand to lose - how can that be fair?

And what about the Russians?  This is their playground - Putin offered a bail out for the hand over of an as yet unexploited oil field, of which apparently there are many off the coast of Cyprus - so why is the bail out not based on future income from this reserve?

And how and why is is that COUNTRIES can fail economically and yet the BANKS survive?

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