But maybe the European Union (EU) is no longer a civilised democracy?
If Cypriots spoke Spanish, they could call their deposit freeze a ‘corralito.’
The EU has gone Argentine on us. Just like the Vatican.
Chew on that, bItCHeZ.
The 5.8 billion euro levy on depositors in Cyprus is enough to buy 30% of the world’s silver bullion. Yet silver is up only 11 cents now. Miracles never cease.