Cyprus no longer has a problem of how to raise $5.8 billion to fund a bank bailout. It has a problem of what to do when most of Cyprus's bank deposits leave the country.
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Photographer: Simon Dawson/Bloomberg
The Rosetta Stone of Cyprus protest signs: a plea for help in English, Russian and Greek.
Leave Your Money In a Cyprus Bank. For Ten Years.
Photographer: Stephen Hilger/Bloomberg News.
Unlike Bitcoins, real currency can be used to buy stuff.
Sorry, Bitcoin Isn’t a ‘Currency’
The most recent permutation of the euro crisis seems to have enlivened a renewed interest in Bitcoin, the artificial "currency." Unfortunately it's missing the most essential aspect of money: it's not useful for buying anything. Bitcoin's rise as a...
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Photographer: Chris Ratcliffe/Bloomberg
Cyprus in April, 2012. Looks like everyone's already left to line up at the ATM.
Two Contrarian Arguments for the Cyprus Deposit Tax
The only people who don't seem to hate the plan are those who are just left speechless. Still there's a case to be made that (a) for most Cypriots it beats the alternatives and (b) a devastating run on the...
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