Tuesday, 26 March 2013


This quote is from: http://macromon.wordpress.com/

"In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could." - Rudiger Dornbusch

I can't help but think that this may well apply to the Cyprus situation..
The precedent for appropriation, or should that be theft of money from an individuals bank account is about to be set, once one country has done it others may well follow.
Will Europeans in other countries trust their banks after this, or will we see bank runs?

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