Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 1.] By:David A. Smith Yesterday’s post on the sudden illumination of the rottenness of Cyprus revealed that not only is the recapitalization already 31% over budget in a week (€23 billion new estimate divided by original €17.5 billion), requiring another €5.5 billion with the EU’s demigods have decided must [...]
By:David A. Smith Now that the Eurozone’s leaders have bought a box-o’-problems labeled CYPRUS, what have they bought, what is it worth, and how will the bill be paid? What’s in Pandora’s Bank? Nobody knows, and now we begin the process of finding out. Two weeks ago, the European troika took [...]
[Continued from yesterday's Part 4 and the preceding Part 1, Part 2, and Part 3.] By:David A. Smith Previous posts in this week-long series have established that Cyprus was treated not as a nation, not even as a subsovereign state, but rather as a failed financial institution that needed to be forcibly recapitalized. We’ve [...]
[Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.] By:David A. Smith By now it’s clear that Cyprus has lost its sovereignty, accepted the certainty of a severe depression, and destroyed its economic prospects for a decade. The official lenders may see the second deal as a good [...]
[Continued from yesterday's Part 2 and the preceding Part 1.] By:David A. Smith In the past two days, we’ve seen what happened with the troika’s takeover of Cyprus’s two largest banks and how that happened. As the Cypriot economy is dominated by the banking sector, that completes a takeover of Cyprus in everything [...]
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| « Apr | ||||||
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 | |
