“So it is expected (and a bit sad) that households and businesses don’t leave their banks readily, so its not surprising they stayed on board right up until the end. What is fascinating to me is that the banks that were NOT in the eurozone clearly had no idea what was coming, and the banks actually ON Cyprus only had an inkling, and that only at the last minute. Given both the timing and the form of the Cyprus bank resolution was in the hands of the ECB, as well as French and German politicians, is this astounding ability of the Eurozone banks to avoid losses truly a surprise?”
http://charleshughsmith.blogspot.com/2013/04/the-real-cyprus-template-one-youre-not.html
Related posts:
Autonomous Mowing: The Death of Lawn Maintenance Employment
Marketing Genius: Girl Scout Sells Cookies Outside Marijuana Clinic
Silk Road closure reportedly cuts off supply of drug for assisted suicides
In a World of Tax Hells, a New Haven Emerges
Bitfinex: Bitcoin Margin Trading
Riot Alert: Look Out Argentina, South Africa, Turkey and India
Another Revolving Door: Deputy Secretary Neal. Wolin to Leave Treasury
Republicans & Democrats Believe Armed Revolution May Soon Be Necessary
Detainees sue psychologists who engineered, profited from CIA torture
Jim Rogers: If You Want to Make Money, Become a Farmer
Thrown Off a United Airlines Flight for Taking Pictures
Silk Road Creator Ross Ulbricht Loses His Life Sentence Appeal
Report: Apple hack compromised ‘hundreds’ of other companies
Silicon Valley Billionaire Buys World-Record Life Insurance Policy
What We Saw at the Lemonade & Raw Milk Freedom Day