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It's "wrong."
It's "actionable. It remains (so) whether the courts recognize it or not, just as theft from a drug dealer is actionable even though the dealer cannot go to the police and report the fact that you stole his stash because what he's doing is illegal."
" Goodnight Europe ." Cyprus established a "template." It's unprecedented. Other troubled Eurozone countries may follow. Perhaps they all will. America also. It can happen anywhere.
Financial theft today is commonplace. It's frequent and severe. Everyone's harmed directly or indirectly.
Cypriot banks won't open until March 28. Perhaps they'll stay closed longer. Bank holidays can last longer than expected.
Bank of Cyprus (BOC) is the island state's largest bank. On March 26, chairman Adreas Artemi resigned. He cited differences with central bank policy.
It relates to recapitalizing BOC. The Central Bank of Cyprus appointed an administrator without the board's knowledge. Artemi said the central bank had recapitalization plans ready in January. It didn't tell board members.
On March 26, Cyprus Mail headlined "Eurogroup deal designed to kill off Cyprus, not cure it," saying:
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