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>> EUROPEAN CENTRAL BANK Latest News

MAR 18, 2013 - Zero Hedge

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Is The Cypriot Government Crazy Or Do They Really Fear Bankers That Much? There's A Larger EU Country With Much Worse Problems A

Reading a Bloomberg article on the topic of ass-backwards EU area government moves this morning caused me to query, "What is the extent of the fear the European (and US) governments have of the financiers?" In Cyprus, we have a case of a government that would actually rape the depositors of a bank rather than the investors who voluntarily, directly and explicitly accepted the risk of bank failure through speculative investment (ex., the bondholders).  The bank tax was the alternative to imposing losses on investors in a so-called bail-in, a step opposed by the Cypriot ... Read More

Tags: Is The Cypriot Government Crazy Or Do They Really Fear Bankers That Much? There's A Larger EU Country With Much Worse Problems A,  European Central Bank Latest News