University in Cyprus to Accept Bitcoin for Payments
Can pay for tuition and school fees
Deal agreed to in March resulted in businesses losing capital
What could possibly go wrong?
Those with over 100,000 euros in Cypriot banks could lose up to 60 percent of their deposits
Nicos Anastasiades says the situation has been "contained"
Who's money, the account holders' or the government's?
According to Cypriot finance minister
G4S has been working with police and will provide security for banks
Stealing people's money makes them angry
Which has everybody a little antsy
Government still fears a run on the banks
We wouldn't want a run on the banks, would we?
Fears that other countries will follow suit
Would a tax on Cypriot bank accounts be that different from taxation in America? Not really.
Europe slouching toward something
Dmitry Medvedev invokes Lenin, says what is going on in Cyprus is the "stealing of the stolen"
The IMF demanded that the deal would not need approval from the Cypriot government
German chancellor doesn't like Europe being tested
Taking what they can while the government tries to sort out a deal with the European Union
Cypriot government has until Tuesday to offer the European Union a bailout deal