JAN 06 2014

Cyprus and the Financial Crisis

Banking, Cyprus

A huge part of Cyprus’ financial troubles (in addition to the Greek “hair-cut”) was the Evangelos Florakis Naval Base explosion (a disaster whose cost was about 10% of the country’s GDP in 2011). The containers that exploded were there at the behest of the US (and UN). Given the facts, the EU (and the Troika)…

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