Cyprus

Please Pay in Cash

Published by City Blaster on Thu, 28/03/2013 - 13:22
cash is king

Daily Market Commentary for March 28: Cash is king! That’s something Cypriots will have in mind today as tight capital controls apply to their deposits. Banks reopened but the economy will struggle soon, as money will be drained from it.

Austerity Hits Health in Peripheral Europe

Published by City Blaster on Wed, 27/03/2013 - 11:41
slow recovery

Daily Market Commentary for March 27: A research study shows that austerity measures applied in peripheral European countries are undermining a long term decline in suicide rates, coupled with outbreaks of some worrying diseases including HIV and malaria. It’s like we have been on war.

Deposits Are Not Safe Assets

Published by Filipe R. Costa on Tue, 26/03/2013 - 10:30
bank robbery

Daily Market Commentary for March 26: If you hold money at banks you have reasons to be concerned as the European Union just found a new bailout funding source: bank deposits. Deposits held at Laiki Bank in Cyprus will be levied in at least 40%.

Cyprus To Leave Euro?

Published by Filipe R. Costa on Fri, 22/03/2013 - 12:31
cyprus russia

Daily Market Commentary for March 22: What a madness it has been regarding that small warm island? It seems that no one cares about them and the country is in between the EU and Russia, with no one interested with its future.

Plan C: Closing Banks Forever

Published by Filipe R. Costa on Thu, 21/03/2013 - 10:23
Cyprus banks

Daily Market Commentary for March 21: Today is Thursday and banks are still closed in Cyprus. While the Cypriot finance minister is trying to negotiate in Moscow for a plan B, it’s time to think on a plan C, just in case, and that is to consider, closing banks forever in Cyprus.

How Much Money Does Anastasiades Still Hold At Cypriot Banks?

Published by Filipe R. Costa on Wed, 20/03/2013 - 16:45
Cyprus bailout

Daily Market Commentary for March 20: That’s the million dollar question I can’t get rid off in my mind. Over the last few days I have been thinking about it and I wonder how much money does the Cypriot President still hold in his bank account(s).

Do Not Mess With the Russian Mafia

Published by Filipe R. Costa on Tue, 19/03/2013 - 15:09
cyprus

Daily Market Commentary for March 19: It seems European officials want to play a dangerous game not only against its citizens but also against the Russian mafia. The untouchable deposited money held at banks is now to be taxed at 10% in Cyprus as the troika unfolds its first austerity measure in the country.