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APR 10, 2013 - Zero Hedge

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The European Commission Lays Out The True Blueprint For The Future Of Every European Country

Cyprus was the beginning. Next: every other country with a banking system in which non-performing loans are soaring (cough Slovenia cough) as a result of imploding consumer cash flows, and which needs a financial sector "resolution", which includes, among others, impairment of liabilities courtesy of the new non-template template (and which is now spreading to European interbank deposits). And they all have Cyprus to look to because it will be the benchmark. Luckily, earlier today as part of its just released "Assessment of the public debt sustainability of Cyprus", the European Commission ... Read More

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