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Mood Darkens in Cyprus as Deadline Is Set for Bailout
Thousands chose Cyprus for a silent retirement. Currently, the euro crisis threatens to dent their concord of mind, and their savings. Look into more…
So, a quick summary: The Germans don't want a Cyprus end / exit from the euro, but they also don't want the spectacle of German taxpayers bailing out Russian money-launderers. So what they did instead was blackmail
Stocks were lower Thursday after the European Central Bank turned up the heat on Cyprus and said it will cut emergency liquidity to the nation's central bank unless Cyprus adopts a fiscal aid plot by Monday. On Wednesday, the Dow rose 0.4% to 14,511.73.
WASHINGTON — Logically, what happens in Cyprus should stay in Cyprus. With a population of just over 1 million and an nation that's a mere 0.2 percent of the 17-nation eurozone, the people seems too small to matter on
Avoiding moral hazard proved to be disastrous when Lehman Brothers failed. Will Cyprus be similar?
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