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KJP712
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Trade in my own account and owner of KJP Enterprises.Also Trade stocks for Family and friends.
  • Springtime In Cyprus 0 comments
    Mar 21, 2013 4:16 PM

    With ATM queues getting longer by the day, now withdrawal limits have been imposed at 260 euros.Cyprus will become a test case for how long the public's patience can be tested.They are being held hostage by the government and the banks who have nowhere to turn as the crisis unfolds.What might the weekend bring if no resolution comes to the rescue? I believe the ECB will use Cyprus as a test subject to scare the other shaky countries into toeing the line for the future.Chaos unfolding in another place can make others more receptive to the program being offered.Thus no deal is a possibility resulting in a desired outcome started by the tax on deposits.With Russia holding one-third of the deposits,this game will be a high stakes affair that will ratchet up the drama factor.Things can unravel fast if the right diplomacy is not used effectively.The promise of Spring might develop into the Summer of Uncertainty for the Euro Zone if the game goes wrong.

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