Some very interesting developments


Next move

I agree.What about Cyprus issue,is it an attack on Russia indirectly

There is a hugely damaging an erroneous working economic assumption that I am glad this Cyprus thing has burst.
Say you went and made an order for a bed and a 3-piece suite from a furniture maker for which you put down a 50% deposit. If the furniture maker business collapses, you would lose your 50% deposit and not even get your bed or the 3-piece suite.
If a bank collapses, everybody who has a skin in the game has to take a hit. That means the depositors, the bondholders and off-course the shareholders. Otherwise, the pain has to borne by the whole economy which is bs in my very humble opinion

Hisah- would go further and say Europe won't see economic growth unless private market losses are borne by the private market rather than the whole economy