Friday, March 22, 2013

Apparently all that talk about the Eurozone's financial crisis abating was a bit premature

. . . and, ironically, one of the EU's tiniest members, Cyprus, is the catalyst of the latest round of jitters.

2 comments:

  1. Bad loans, fallacious derivatives and hedge funds and the depositors pay for the sins of the butthole bankers, may they rot in the Inferno.

    ReplyDelete
  2. That's a factor, as is deficit spending by most of Europe's governments, as well as taxation levels that drive industrial activity out of countries like France and Italy.

    ReplyDelete