No. of Recommendations: 12

I heard Maria Caruso-Cabrera interview a Cypriot single mother with two kids who, in one fell swoop, will lose her bank job and her life savings in Popular Bank. This lady (shedding genuine tears) is not the only one, I'm sure.

How is she losing her life's savings?

Obviously, it is merely large banks in small countries that can fail.

Cyprus is not merely a small country with large banks. It is purposefully designed as a center for money laundering and tax evasion.
The business model of the country is criminal and parasitic.
Not even Greece was quite like that.
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