What happened in Cyprus

In plain English.

1. No more public (taxpayers') money to rescue banks.
2. Investors and large depositors will have to accept the risk of investing in a given bank.
3. Overextended banks will close.
4. Germany is in control of what happens next. France is out of the picture with the disastrous Hollande's policies.

George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager

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