Dear all,
A variety of news sources have their opinion on yesterday's announcement of the special tax imposed on Cypriot deposits. I realise the news below are plenty, but I chose to send them all to you and allow you to delete my email if you don't have time reading them. All of these articles offer a different point of view of this crisis.
Unfortunately, today is a historical day. If our parliament does not vote this law, banks may not open on Tuesday. If they do vote, the capital flight that will occur will be significant, unless capital controls are imposed.
I also attach a draft of the law to be voted that I found on the internet - I am not sure if this is what will end up in the hands of parliament so take it with caution.
Καλημέρα
Loukas
The Cyprus bail-out Unfair, short-sighted and self-defeating
Press announcement of the Dutch ministry of Finance
Apparently, part of the agreement includes the sale of GOLD from the Central Bank of Cyprus
Why today’s #Cyprus bailout could be the start of the next financial crisis
Saxo Bank CEO: "This Is Full-Blown Socialism And I Still Can't Believe It Happened"
Cyprus Depositor Tax: Genius Plan or the End of the Euro?
This Crazy Cyprus Deal Could Screw Up A Lot More Than Cyprus...
This Crazy Cyprus Deal Could Screw Up A Lot More Than Cyprus...
Cyprus Savings Raid Crosses Financial Rubicon
Eurogroup statement on Cyprus
Cypriot bank deposits hit in €10bn bailout
A stupid idea whose time had come
Some opinions from local blogs:
Economic analysis - First memorandum deal makes a second memorandum almost a certainty.
No comments:
Post a Comment