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By Adrian Levy and Catherine Scott-Clark $19.11
A picture of betrayed trust emerges in reports of the bank theft of the last group of Spaniards who seem to have any money—hundreds of thousands of elderly pensioners.
Bob Jagendorf (CC BY 2.0)
The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally.
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