Cyprus did the right choice

Obviously Cyprus did the right choice. The real and capitalistic choice that leads to a healing in a long term.

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EU to test a financial nuke in Cyprus

European leaders obviously decided to make a nuclear test in financial system to demonstrate the consequences of not making the needed austerity reforms. Cyprus is the ideal range for this as the economy is very small and even enormous fluctuations there cannot harm the rest of EU. Cyprus is much smaller even than Greece, that itself is considered small enough for experiments. Anyway Cyprus is even better, because much of the money lost will be from outside EU. Cyprus is an offshore zone.

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Of Argentina and her students

Argentina is waiting for a new court decision that some analysts expect to trigger its second default in country’s new history. But something else is more interesting and can be a lesson for some other countries that are to repeat the Argentina model. Including USA among them.

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Ben, it is your move...

Ben, it is your move. Obama statistics said the economy is improving. Financial indexes are skyrocketing. You did it, Ben. Your magic saved us all. So now is time to rest. QEs are no longer needed. When will you take your vacation, Ben…?

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The deceptive success of tax-fighting

In these days it is often to meet news of someone caught in tax-hiding, or about a prosecution against bigger tax evaders. Usually the news is about the details of the case (for instance being caught because of e-mails) and not about the core of the case.

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