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Germany Mulls Cyprus Solution to Solve Grexit?

Monday, March 16, 2015 17:37
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(Before It's News)

from The Daily Bell:

German Chancellor Merkel Examines the Model of Cyprus As a Solution for Greece … The model of Cyprus might be the best solution for Greece in order to force the government’s implementation of the structural reforms it has already agreed to with the country’s creditors. This is what the German magazine Der Spiegel estimates, citing information from the Chancellery. – Greek Reporter

Dominant Social Theme: Banks need to be bailed out? Take the funds from their depositors. Simple enough …

Free-Market Analysis: Now the Cyprus episode begins to become clearer. What the EU needed was a precedent, and apparently Cyprus sufficed. We’ve written about Cyprus before, some two years ago when the Cyprus default was ongoing. In an article entitled, “Yes, Cyprus Was Aimed at Sinking Tax Havens,” we suggested the following:

Read More @ TheDailyBell.com

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