Letter from Athens Bank in Cyprus Lose Your Money

Cypriots losing savings and having their money tied up in state banks can protest all they want but they're going to lose because the government wants their cash. You can't make this stuff up. For his first foreign visit, Greek Finance Minister Evangelos Venizelos, who in 2011 imposed 74 percent losses on investors - including small bondholders in the Diaspora, some nearly wiped out ...

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