Paul Krugman: Cyprus Bailout Will Push Europeans To Stage A Run On Their Banks

- “It’s as if the Europeans are holding up a neon sign, written in Greek and Italian, saying ‘time to stage a run on your banks!’” Krugman wrote in the blog post. -



True, the International Bankers are just looting these countries now, and it is a sign of the Bankers Fear not their Hubris. The International Bankers, for whom the ECB is just a front, have read the writing on the wall, in terms of high unemployment and growing social strife across the region, and know they need to lock down the assets before the EU collapses.



The Cyprus move is definitely a sign of things to come across the whole region.
Read the Article at HuffingtonPost