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>> EUROPEAN CENTRAL BANK Latest News

MAR 18, 2013 - Zero Hedge

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Cyprus President To Rehn: "I Told You Tax Wouldn't Pass. Regards To Mrs Merkel"

To say that the tensions within the European "Union" are getting unbearable would be an understatement. First, courtesy of Reuters, we get a detailed narrative of what happened before this Saturday's announcement of a deposit levy, where we learn that the deposit confiscation was initially Joerg Asmussen's idea, and we also learn that Atanasiades stormed out in anger when he learned what was about to happen. Under a promise which still appears on the website of the Central Bank of Cyprus, deposits in its banks are insured up to 100,000 euros. Cyprus has about 30 billion euros in ... Read More

Tags: Cyprus President To Rehn: "I Told You Tax Wouldn't Pass. Regards To Mrs Merkel",  European Central Bank Latest News