By Ellen Brown, Web of DebtMar 28, 2013
Confiscating customer deposits in Cyprus banks was not a one-off, desperate idea of a few eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England, dated Dec. 10, 2012, shows these plans have been long in the making. Dig deeper ( 7 Min. Read )
By Ellen Brown, Web of DebtMar 22, 2013
For now, the government of Cyprus has overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout. But if technocrat bankers can push through their confiscation scheme, precedent will be established for doing it elsewhere when bank bailouts become prohibitive for governments. Dig deeper ( 7 Min. Read )
Tom Janssen, Cagle Cartoons, The NetherlandsMar 19, 2013Dig deeper
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