Well, I have to say I’m surprised. Apparently there is still some amount of respect for private property in Europe.
The Parliament of Cyprus yesterday refused to approve the law required to
seize place a tax on bank deposits. The EU bailout of Cypriot banks is now in question.
That in and of itself wasn’t too surprising. But I did find it surprising that the vote against was unanimous.
Let’s see what happens next. Things could get interesting.