Cyprus Should Take the Bank Holdings and Create a State Bank
If the leaders of Cyprus are serious about keeping their economy afloat, they should sovereignly take the deposits in the existing troubled bank. They then could set up a state bank, with accounts guaranteed with no confiscation whatsoever.
That would put the EU in its place. It would stop Merkel's mad desire to just steal money from the accounts.
That would put the EU in its place. It would stop Merkel's mad desire to just steal money from the accounts.
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