Category: Cyprus

­­Month in Review, March, 2014: Part 1, It’s always the palace, isn’t it?

1 May, 2014 (09:00) | Bankruptcy, Bonds, Cities, Cyprus, Dictators, Discrimination, Eminent domain, Housing, Month in review, Mount Holly, Municipal bankruptcy, New York, Public consultation, Puerto Rico, Speculation, Taxation, US News, Zoning |

[Previous Months in Review available here: Feb 14, Jan 14] By: David A. Smith That wrong shall fail and right prevail Though sic semper tyrannis is often more wished for than achieved, every now and then it happens, and March opened with the promise of political spring in Ukraine, a ray of political sunshine that […]

Cyprus’s economic coma: Part 3, And others die

26 March, 2014 (09:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation |

[Continued from yesterday’s Part 2 and the preceding Part 1.]   By:David A. Smith   And others die. – Wikipedia’s summary of coma                                                                                                                                               With the Economist’s (March 8, 2014 news article and an editorial (March 8, 2014; brown font) epiphany that maybe the ECB/ IMF ‘rescue’ of Cyprus has been a botch from start to […]

Cyprus’s economic coma: Part 2, A vegetative state

25 March, 2014 (09:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation |

[Continued from yesterday’s Part 1 .]   By:David A. Smith   After this time, some patients gradually come out of the coma, some progress to a vegetative state – Wikipedia’s summary of coma   Yesterday’s post examined the semi-comatose Cypriot economy, a year after its ECB takeover, and using as source material the Economist’s (March 8, […]

Cyprus’s economic coma: Part 1, Very basic responses

24 March, 2014 (12:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation |

By:David A. Smith   Comas can last from several days to several weeks. In more severe cases a coma may last for over five weeks, while some have lasted as long as several years.  – Wikipedia’s summary of coma   Either one of you will survive, or you won’t   A year after the European […]

America’s Cyprus, America’s Caliban: Part 4, From crimes would pardon’d be

7 March, 2014 (09:00) | Bankruptcy, Bonds, Cyprus, Default, Detroit, Municipal bankruptcy, Puerto Rico, Sovereign guarantee, Speculation, US News |

[Continued from yesterday’s Part 3 and the preceding Part 1  and Part 2.]   By:David A. Smith   ”But this rough magic I here abjure, and, when I have required Some heavenly music, which even now I do, To work mine end upon their senses that This airy charm is for, I’ll break my staff, Bury it […]