CYBRUS BAIL-IN - IAIN MURRAY
Openmarket.org: What Cyprus (Initially) Got Right — Remembering The 2008 WaMu Capital “Run”
There is no shortage of criticisms that I could levy either on Cyprus and the EU’s slapdash approach, which now looks like it will be rejected by the Cyprus parliament. The biggest being that the failing financial institutions should have been put through a bankruptcy system rather propped up — whether through this levy or general taxation. Having said that, the initial Cyprus approach could have been much worse, and what comes next may be much more likely to spread contagion. > Read more
> Interview Iain Murray
CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government. For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org. Follow CEI on Twitter! Twitter.com/ceidotorg.