Cyprus on Townhall

Daniel Pipes - Thu Nov 7

Reuters News - Wed May 15

Reuters News - Wed May 15

Daniel J. Mitchell - Mon Apr 15

The real problem, as I explain in this interview for Voice of America, is that Cypriot banks became insolvent because they made very poor investment decisions, particularly their purchases of Greek government bonds ... more

Rich Galen - Wed Apr 3

Regular readers know that I have the same understanding of global economics as a three-year-old has of quantum physics. ... more

John Ransom - Wed Apr 3

There used to be a time when governments sought to so structure financial markets and banking in such a way to engender confidence in the system, not to systematically erode confidence ... more

Pat Buchanan - Tue Apr 2

"Government is theft." The old libertarian battle cry came to mind when the news hit, two weeks ago, that Cyprus was about to confiscate 7 percent of all the insured deposits in the island's two biggest banks. ... more

George Friedman - Thu Mar 28

The European Union has now made it official policy, under certain circumstances, to encourage member states to seize depositors' assets to pay for the stabilization of financial institutions. ... more

John Ransom - Thu Mar 28

Obama, John McCain and others- like Paul Krugman- who head up the Bad Idea Brigade, will likely import Cypriot banking methods to the US very soon. The risky politicians and their Liberal Conscience, would love for you to think the crisis is about the evil banks, the shady depositors, their greed and lust for money. ... more

Washington, D.C. - Thu Mar 28

Cyprus is reopening its banks on Thursday. The banks were closed on March 16th, as the country worked on a new bailout deal. ... more

John Ransom - Tue Mar 26

Cyprus will get its bailout money and the EU will get a bank levy up to 100 percent of deposits from the country’s largest banks. Accounts in excess of 100,000 euros in the Bank of Cyprus and Cyprus Popular Bank will fund the bailout. The levy will avoid taxing Cypriots, but will fall mostly on rich, Russian depositors. ... more

Thomas Sowell - Tue Mar 26

The decision of the government in Cyprus to simply take money out of people's bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: "Can this happen here?" ... more

Bruce Bialosky - Mon Mar 25

Cyprus, an island most people have forgotten exists, became the center of the world when they put forward a bizarre plan to solve their economic crisis. The leaders of Cyprus proposed a wealth tax that would take funds directly from people’s bank accounts. ... more

Mike Shedlock - Mon Mar 25

The damage has been done. There should be and can be no trust. Anyone who keeps more money in Southern European banks than they need to pay immediate bills is a fool. ... more

Mike Shedlock - Sun Mar 24

Once trust is lost it is very slow to recover. For now, much of Europe is acting as if it believes Cyprus is a "one time" thing? But isn't that what we heard about Greece? Who is next? Italy? ... more