Tuesday 19 March 2013

Cyprus Bailout Risks Europe Bank Runs - Business Insider

Overlooks the issue that (?) large deposits are there probably to avoid Russian taxes and Russia is a member of the IMF! The idea of protecting small deposit holders has merit....

Interesting as a one off! 

Cyprus banking to attract off-shore Russian deposits would really be at odds with the rest of the world so needs to be pragmatic!


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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!