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Could Cyprus Banking Crisis Trigger a War?

Mar 22, 2013 - 11:50 AM GMT

By: LewRockwell

Politics

Eric Margolis writes: Realizing they will never be a world power, the Cypriots have decided to settle for being a world nuisance. ~ George Mikes, Hungarian writer

Cyprus is a big pain in the neck for one and all. Its banks are bust due to reckless lending to Greece. The sunny island is a beehive of tax evasion, money laundering, dodgy trade and espionage.

Now, the threatened bankruptcy of Cyprus has triggered the latest European financial crisis.

Russian businessmen and the Russian Mafia have some 30 billion euros stashed away in Cyprus. Russians make up the second largest biggest cohort of Greek Cyprus’ 869,000 people. Some 260,000 ethnic Turks live in the isolated Turkish Republic of Northern Cyprus, which no one but Turkey recognizes.

read more http://www.marketoracle.co.uk/Article39600.html



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No "containment" possibe in eurozone

An instructive post spotted over at Zero Hedge...

Sat, 03/23/2013 - 01:07 | 3364989etresoi

Bruce, your sentiments are spot on, your numbers not.

I am Swiss and reside in France, in France one is limited on cash withdrawal to €500. This past week, I needed to wire funds to Switzerland. The French bank demanded 13% fees!

I told them I do not like Russian haircuts, called my wife, who was in Lausanne and told her to visit every ATM she could find and lower all French accounts to below creditcard limits.

The car is filled with fuel and documents. I am prepared to drive to Geneva, at a moment's notice, because France can get ugly, quickly.

"Give a man a gun, and he could rob a bank. Give a man a bank, and he could rob the world."

No!

but maybe it could trigger a REVOLUTION!