Isn't it laughable how incompetent these european supervisors are. Out of the blue a new crisis pops up hahaha and an island next to Libanon of 1 million is a systemic risk. This is an banana zone and it's hard to imagine this will not end with an all destructive crash. And we deserve it because we asked for it.
Euro zone call notes reveal extent of alarm over Cyprus
Euro zone finance officials acknowledged being "in a mess" over Cyprus during a conference call on Wednesday and discussed imposing capital controls to insulate the region from a possible collapse of the Cypriot economy. In detailed notes of the call seen by Reuters, one official described emotions as running "very high", making it difficult to come up with rational solutions, and referred to "open talk in regards of (Cyprus) leaving the euro zone". The call was among members of the Eurogroup Working Group, which consists of deputy finance ministers or senior treasury officials from the 17 euro zone countries as well ... (full story)