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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Broken_Clock who wrote (109947)3/17/2013 3:21:22 PM
From: longnshort  Read Replies (1) of 110194
 
wrong

Cyprus President Statement on Confiscation of Accounts

Here is the Statement by the President of the Republic Mr Nicos Anastasiades. Points five and six are interesting:

5. It saves provident and pension funds and avoids taking other tough measures such as wage and pension cuts that were put on the negotiations table.

6. It avoids further recession and the risk of the vicious circle of a second memorandum.
Read more at globaleconomicanalysis.blogspot.com
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