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Re: Coming to YOU soon!

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 26 Mar 13 5:30 PM | 101 view(s)
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Msg. 13043 of 54959
(This msg. is a reply to 13042 by joe-taylor)

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hi j-t,

i'm none too keen on the bail-out. but if you are going to make a business economy out of attracting offshore money, i guess you are a little more vulnerable than most to harsh terms.

to me, it looks like the eu wishes to make an example of a rogue financial actor. but the problem we have faced has hardly been addressed. which is a banking system gone crazy.

a lot of dark money will be moving to Luxemburg and Switzerland.




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The above is a reply to the following message:
Re: Coming to YOU soon!
By: joe-taylor
in ALEA
Tue, 26 Mar 13 5:04 PM
Msg. 13042 of 54959

The way that we understand this bailout agreement, the regulators are going after the extremely large depositors, many of them Russian, who have turned Cyprus's banking system into their own personal play pen. Small depositors are supposedly paying little to nothing!

It would appear that this U.S.British meeting is more on how to cooperate amid defense budget cuts than anything else! http://www.defensenews.com/article/20130323/DEFREG02/303230007/U-S-U-K-Chiefs-Hold-Historic-Strategy-Meeting


Regards,

Joe


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