Germany And IMF’s Initial Deposit Haircut Demand: 40% Of Total

As the President of Cyprus proclaims to his people that “we’ should all take responsibility as his historic decision will “lead to the permanent rescue of the economy,” it appears that the settled-upon 9.9% haircut is a ‘good deal’ compared to the stunning 40% of total deposits that Germany’s…

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Germany And IMF’s Initial Deposit Haircut Demand: 40% Of Total