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Cyprus Conservative Opposition Parliamentary Member Says "If No Solution Soon, Print Cyprus Pounds and Abandon the Euro" Posted by Michael Shedlock at 11:28 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
From the library of genuine news, Reuters reports Cyprus parliament rejects deposit tax for bailout . Cypriot lawmakers overwhelmingly rejected a deeply unpopular tax on bank deposits on Tuesday, throwing into doubt an international bailout for the troubled euro zone member needed to avert default and a banking collapse
Here’s one for the thick book of EU lies and hypocritical statements " Deposit guarantees only protect against bankruptcy, not levies " Guarantees on deposits in the European Union are only there if a bank completely collapses, and does not protect from fiscal steps decided by parliaments, the European Commission said on Tuesday, defending a decision to impose a levy in Cyprus. Excuse Me! What are the Cyprus banks, if not shutdown, collapsed, and bankrupt
Also note that EU Court Strikes Down Spain’s Eviction Law . Think the parlay of EU contagion-begging actions for a second. Spanish banks will not be able to evict homeowners, who in turn will be give reason to default.
View the original here: Cyprus Rapes Citizens with 6.75% to 9.9% "Tax" on Deposits; Contagion of Idiocy is Everywhere
Massive Ships 12-Miles Offshore to Provide Floating City for Entrepreneurial Start-Ups; Launch Date Q2 2014 Posted by Michael Shedlock at 12:59 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy
Continued here: Rand Paul Says "GOP of Old has Grown Stale and Moss-Covered"
Mish Android Phone App on Google Play Posted by Michael Shedlock at 12:29 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Via Google Translate, El Economista reports Spain’s Budget Deficit Grew by 35.4% in January to 1.2% of GDP . The government deficit in terms of national accounts in January reached 12.729 billion euros, equivalent to 1.2% of GDP, representing an increase of 35.4% over January 2012.
More here: Rise of the Eurosceptics in Germany; One in Four Would Vote for Anti-Euro Party