Markets Drop Over Cyprus Bailout Concerns
Asian markets have dipped after Cyprus bailout plans triggered fears of an escalation of the eurozone debt crisis.
The EU and IMF want all bank customers to pay a levy in return for a bailout worth 10bn euros ($13bn; £8.6bn).
The plan is yet to be finalised, but the news of the deal caused a rush to the cash machines as people tried to withdraw money.
Japan's Nikkei 225 index fell 1.8%, Australia's ASX 200 dipped 1.3% and South Korea's Kospi was down 0.4%.
Analysts said that investors were sceptical about how the developments in Cyprus may affect other bigger eurozone economies which may also need bailout funds in the future.
Source: BBC. Read full article. (link)
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"The EU and IMF want all bank customers to pay a levy in return for a bailout worth 10bn euros ($13bn; £8.6bn)."
This "in return" you speak of; what am I getting in return? More rotten government policies? Is that what I'm getting?
Well, fuck you this time; my money isn't available to you. -
The plan is yet to be finalised, but the news www.shoxinfr.com of the deal caused a rush to the cash machines as people tried to withdraw money.