Salem-News.com Cyprus articles

European Union Bank Crisis

The Cypriot government suggested that account holders with deposits of more than $128,500 should expect to lose about 30% of their balances.

(PORTLAND, OR) - This seems to make sense, as far as it goes. Wouldn’t it be a better model for the US?

A BBC report on the Cyprus deal states, In the past, nations such as Ireland have pumped billions of taxpayers' money into propping up their banks, rather than risk upsetting large investors and spooking the financial system.