Rare opportunities amid monumental stupidity in Cyprus

by Norman A. Bailey  |  March 28, 2013  |  ARTICLES
Source : WorldTribune.com  

EurosIt has been said that history repeats itself, first as tragedy and then as farce. The interminable European economic/financial crisis neatly illustrates that saying.

Mishandled from the beginning by a clueless set of politicians and bureaucrats, the most recent episode descends into a melancholy comedy of intentional and unintentional errors.

Respected American analyst Criton Zoakos, author of LETO MARKET INSIGHT, says in his report "Cyprus, Gazprom and the Clowns of Europe": "Nobody will ever know what psychotropic substance the Eurogroup and the IMF were consuming last Saturday, March 16, when they decided to light a fuse under the solemn commitment to small depositor insurance...."

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