“The euro rescuers face a dilemma. On the one hand, they want to prevent the country from going bankrupt. On the other hand, they lack the support of a majority of member states for an aid program that would mostly benefit rich Russian tax fugitives. The tricky situation is prompting European leaders to do what they always do when a crisis comes to a head: play for time. Until now, someone who wanted a safe haven for his money could simply take a plane to Nicosia, because the country is an EU member and yet is lax when it comes to financial regulation, say German investigators.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
State seizes 11-year-old, arrests his mother for defending medical marijuana
U.S. Marshals lose track of 2,000 encrypted two-way radios
Levi Chavez, ex-New Mexico police officer, acquitted of wife's murder
Why Is Chicken More Expensive? Media Blames McDonald's
Luxembourg uses veto power to kill EU tax haven crackdown, for now
Marc Faber: Odds of Global Recession Are 100%
New health law frustrates many in middle class
Can laws punishing gun-wielding criminals apply to a police officer?
IMF tells regulators to brace for global 'liquidity shock'
Japan: Fukushima clean-up will cost $58 billion
Prescription Drug Overdoses Killed 23,000 Americans in 2010; Cannabis – 0
US security chief calls national debt 'a dire threat'
U.S., UK government websites infected with crypto-mining malware
IMF finds $11 billion ‘black hole’ in Greece’s finances
Who Needs Bitcoin? Venezuela Has Its 'Sucre'