Cyprus

discussion
Adam Taggart
By Adam Taggart on Wed, Apr 3, 2013 - 5:12pm

Visualizing Cyprus

The team at Demonocracy has released another terrific infographic. This one visualizes the situation in Cyprus: how big the hole is, and whose money is getting poured into it.

It's an excellent way to understand how the captial crunch occurred, and how much depositor wealth is getting vaporized to make up for the excesses of Cypruses reckless bankers, lax regulators, and greedy politicians.

Click image for a larger version.

discussion
Adam Taggart
By Adam Taggart on Mon, Mar 18, 2013 - 1:42am

Tracking the Impact of Cyprus' Wealth Confiscation

By now, most are aware of the announcement by Cyprus and the IMF that savers with deposits in Cypriot banks will see up to 9.9% of their savings disappear in the morning as part of a bailout agreement for Cyprus' banking system.