“All The Conditions For A Total Disaster Are In Place”
The Cyprus bailout package contains a tax on bank deposits. This column argues that the tax is a deeply dangerous policy that creates a new situation, more perilous than ever. It is a radical change that potentially undermines a perfectly reasonable deposit guarantee and the euro itself.
Read More: http://economicrisis.com/all-the-conditions-for-a-total-disaster-are-in-place/2270