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Cyprus: From bad to worse

Posted: Thu Apr 11, 2013 6:22 pm
by Ad Orientem
EMU plot curdles as creditors seize Cyprus gold reserves...
http://blogs.telegraph.co.uk/finance/am ... -reserves/

And...

Cyprus bailout cost surges to €23bn...
http://www.telegraph.co.uk/finance/fina ... -23bn.html

Re: Cyprus: From bad to worse

Posted: Thu Apr 11, 2013 6:45 pm
by RuralEngineer
They're bound and determined to push the EU to collapse, aren't they?  I'd cheer, but somehow I don't think that any revolution is going to result in a more sane or less confiscatory Europe.  The opposite, in fact.

Re: Cyprus: From bad to worse

Posted: Thu Apr 11, 2013 8:39 pm
by Gosso
Grow a pair.  Default, Decouple, Devalue.  Rebuild a robust tourist industry.  Problem solved.

Hell, maybe I'll even buy a little B&B on the beach and ERE! 8)