Monday, July 29, 2013

Coming to a country near you?



If you're going to hide money overseas, you should at least do so in a country that's stable enough not to pull a stunt like this.

Cyprus and its international lenders have agreed to convert 47.5
percent of deposits exceeding 100,000 euros in Bank of Cyprus to equity
to recapitalize it, banking sources said on Sunday.


Under a programme agreed between Cyprus and lenders in March, large

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