Friday, March 29, 2013

How to Stop the Panic of Cyprus

This article is trying so hard to be optimistic  But, really now, did we expect anything other than a political problem from the bailout that happened in Cyprus?  Everyone is in a tizzy now. People are worried about their deposits in the Eurozone, what is going to happen financially and how much control the government has over their money. Frankly, it is terrifying and I would be pulling my money out of the bank too if this happened in the United States. But bailout seems to be the only way to get things done and no other solution is coming to the table. Let's just hope the panic is contained this time though knowing history, it probably won't be.

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