You could not write a better Hollywood script
http://www.bbc.co.uk/news/business-21920574
Quote:
European and US stock markets have fallen despite the agreement of a bailout deal for Cyprus.
The falls came after the head of the Eurogroup of eurozone finance ministers suggested that the Cyprus model, which involves a tax on bank deposits, could form a template in any future bailout.
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What really cracks me up is there are people in this country who want to sign up our country to this group of snake oil salesman.
Quote:
By 15:30 GMT, all major European markets had fallen into negative territory, joined by US stocks.
Markets in Europe and the US moved downwards when Jeroen Dijsselbloem, the Dutch Finance Minister who as head of the Eurogroup played a key role in the Cyprus negotiations, said the deal represented a new template for resolving future eurozone banking problems
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Well done the EU your have made my day
http://news.sky.com/story/1069588/cy...-eurozone-deal
Cyprus Bailout: Public Anger At Eurozone Deal
Quote:
Cypriots have reacted with anger over the bailout deal that will almost certainly plunge their country into a deep recession.
A deal has been struck to avoid bankruptcy, but the financial fallout is terrifying ordinary people.
Simos Mantzouranos runs a small printing business and is furious at what he believes is the EU bullying Cyprus into accepting a deal.
He told Sky News: "It feels like we're a small fish that has been forced into a hole only to be eaten by a big shark.
Everything is on hold now but people will take their money out of Cyprus, the Russians certainly will, so businesses will close - it's going to be a bad few years for my country.
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I have said it before and i am saying it again, i would not like to be a German holiday maker in Cyprus at the moment.