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Cyprus Parliament Passes Bill to Separate Good Banks From Bad Banks And Restructure Without Hurting Small Depositors
Friday, March 22, 2013 15:18
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OK, the parliamentary session in Cyprus is over – with all nine bills passed.
Here’s Reuters’ early take on the passing of the bank resolution bill in the last few minutes:
Cyprus adopted legislation on Friday allowing the government to split the island’s failing lenders into good and bad banks as it races to clinch a bailout from the European Union and avert a financial meltdown.
Officials say the law is likely to be applied first to Cyprus’s second largest lender, Cyprus Popular Bank [Laiki], to restructure it without hurting small depositors. MOREHERE
look and learn america: we’ve already had 3 bail out haircuts–we financed the banksters; are they gearing up for a bank account grab now?
These “Horny for your Money” Luciferian bastards will not stop until they’ve stolen all your assets and leaving you poor and destitute.