- An economy that will be starved of credit, and will therefore shrink rapidly and very painfully for citizens
- An economy whose main industry, offshore banking, is being shut."
Who is innocent, ignorant or stupid enough to call offshore banking, an activity closely related to piracy, an industry ? Words are losing their meaning all over the place.
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Title in the FT :
"Cyprus agrees deal on €10bn bailout"
"Markets rise as agreement does not need parliamentary approval"
Democracy is on the way out in Europe ...
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