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A good chessplayer thinks 4 or 5 moves ahead. An expert chess player thinks 10 moves ahead. In that regard chess is just like geopolitics. Good international politicians have the ability to think through a lot of moves and countermoves based on experience, depth and breadth of knowledge and psychology. They think in…

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The madness of the bailout in Cyprus

2013172 points236 comments Tech Industry & Business details

Last night the finance ministers of the eurozone decided on a bailout package for Cyprus. The small country with around 1 million inhabitants has an overstretched banking sector that is in dire straits. The primary reason for this is that the Cypriotic banks hold a lot of Greek sovereign debt – debt that took a…