Bank of Cyprus big savers to lose up to 60 percent: Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday.
'It's robbery!' New Cyprus bombshell as Britons are told they may lose EVERYTHING over £85k: British expats in Cyprus face a near-total wipe-out of any deposits over £85,000 as the full nightmare of the stricken island’s EU bailout became clear yesterday.
Morici: The Insanity of the Cyprus Crisis: Op-Ed: Cyprus did not manufacture its banking crisis. The European Central Bank and European Union bear that responsibility. Yet, Cypriots will pay the price for their dysfunctions.
After Cyprus, the EU's Attention Turns to Tiny Luxembourg: It’s getting hot in Luxembourg, a nation that’s something like Cyprus on steroids. Its population is smaller and its banking sector is bigger. If you thought it was risky for banks in Cyprus to have assets about eight times the national gross domestic product, then what is one to make of Luxembourg, where the multiple is nearly 23?
Ireland Get ready for years of 'penal servitude': An estimated 100,000 households will be told to live in what Fianna Fail leader Micheal Martin has described as the "fiscal equivalent of penal servitude" for between three and seven years.
European Austerity Costing Lives: As the euro crisis wears on, the tough austerity measures implemented in ailing member states are resulting in serious health issues, a study revealed on Wednesday. Mental illness, suicide rates and epidemics are on the rise, while access to care has dwindled.
49 percent of US women fear becoming “bag lady” in retirement: Nearly half of women fear becoming a “bag lady” when they get older, despite the fact that 60 percent of them are the primary breadwinner in their household and 54 percent are in charge of the finances at home.
The 12th Anniversary of American Cowardice
What You Don’t Know Can Hurt You
By Tom Engelhardt
How many cultures have turned dog collars (and the dogs that go with them), thumbs-up signs over dead bodies, and a mockery of the crucified Christ into screensavers? Continue
What You Don’t Know Can Hurt You
By Tom Engelhardt
How many cultures have turned dog collars (and the dogs that go with them), thumbs-up signs over dead bodies, and a mockery of the crucified Christ into screensavers? Continue
Why the Awlakis Were Killed
By Jacob G. Hornberger
While President Obama, the Pentagon, and the CIA have steadfastly refused to say why they assassinated American citizen Anwar al-Awlaki, one thing remains beyond dispute: It wasn’t because Awlaki was trying to take away the freedom of the American people. Continue
By Jacob G. Hornberger
While President Obama, the Pentagon, and the CIA have steadfastly refused to say why they assassinated American citizen Anwar al-Awlaki, one thing remains beyond dispute: It wasn’t because Awlaki was trying to take away the freedom of the American people. Continue
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