The Genie & Gold
The ECB, IMF, and EU have let a treacherous Genie out of the bottle last week-end. Their bailout offer to Cyprus included a plan to tax depositor’s savings at the Cyprus banks, or Cyprus can come up with another methodology to make up that bailout amount ($7.5B). In either case, such a plan is to be completed on Monday, or there will be no further bailout monies for Cyprus.
Read More: http://economicrisis.com/the-genie-gold/2943