Tuesday, March 19, 2013
Cyprus Legislature Rejects
They could institute capital controls to keep money from being removed - like Iceland. They can institute controls on the amounts removed. However if they do their whole strategy expires - what good is a tax haven in which you can't get your money back out?
Or they can go back to the table to the troika with a different proposal.
Actual video of Troika officials trying to solve the problem:
You should show the one where they get eaten.
Hmmm, Lagarde had her home in Paris raided by the police today. Some excuse about an influence-peddling scandal.
Perhaps Hollande is taking out some bailout insurance against the IMF?
This may have been the most important news blurb of the week. Lagarde is VERY well-connected. She made her bones in Chicago(!) at about the same time as Obama and with the same crowd, and is of course part of the power structure in Europe. She was in Sarkozy's cabinet, so perhaps she's at odds with the current (Socialist) government.
I simply don't know enough to venture a guess here.