Saturday, March 23, 2013

Cyprus's choice: Iceland or Greece? – Telegraph Blogs

Should Cyprus follow the Iceland model and tell the banksters to bleep off?

Cyprus's choice: Iceland or Greece? – Telegraph Blogs
What will the unhappy Cypriots do? Will they mortgage themselves to a dodgy, authoritarian kleptocracy? Or – drumroll – will they spurn the EU and take Russia's money instead? Actually, there is a far better option: an option offered by another thinly populated island on the fringes of Europe whose financial sector had outgrown its [...]

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