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The madness of the bailout in Cyprus
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…
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Tech Industry & BusinessSociety, Policy & Culture2013
On Hacker News
| Submitted | Title on HN | Points | Comments |
|---|---|---|---|
| Mar 16, 2013 | The madness of the bailout in Cyprus by mixmax | 172 | 236 |
