Tag Archives: Haircut

Exuberant “Reach For Yield” In Spain Leaves Retail With Up To 96% Losses

Posted on April 1, 2013 by DRenegade

The ‘relative’ innocence of the depositors in Cyprus who saw their savings crushed by the hammer-blow of Germany’s reality last week is, it seems, not the only hardship that the European people are suffering. In Spain, thanks to their FROB … Continue reading →

Posted in Editorial, Financial | Tagged , , | Comments Off on Exuberant “Reach For Yield” In Spain Leaves Retail With Up To 96% Losses

Cyprus President’s Family Transferred Tens Of Millions To London Days Before Deposit Haircuts

Posted on April 1, 2013 by DRenegade

A day after former Cypriot President Vassilou was found to be among many elite Cypriot (politicians and businessmen) who had loans written-off by the major (now insolvent) banks; it appears the rot is far fouler than expected. In a somewhat stunning … Continue reading →

Posted in Editorial | Tagged , , , | Comments Off on Cyprus President’s Family Transferred Tens Of Millions To London Days Before Deposit Haircuts