Moody’s Photo: EPA After a disastrous bailout of the Cypriot banking system, one of the world’s top rating agencies downgraded the sovereign rating of Cyprus. One of the concerns cited by Moody’s is the possibility of Cyprus leaving the eurozone…. Read More ›
Capital control
Cyprus allows capital controls, creates “solidarity fund”
Photo: EPA Cyprus MPs approved a bill Friday night, granting the government the right to restrict withdrawals from bank accounts in exceptional cases. The parliament in Cyprus also approved a “national solidarity fund” to help the state raise the necessary… Read More ›
Engineering Evil 