The Great Recession continues around the world: In a rare Sunday move when the financial markets are closed, the commercial Bank of Cyprus–the largest bank on the island nation–initiates a “bail-in” (seizing its depositor’s money) in an effort to recapitalize itself.
[added 6/29/2022] Thanks to G. Edward Griffin for this entry.
Subsequent Events:
References:
Bank of Cyprus executes depositor bail-in – Telegraph.htm
www.telegraph.co.uk/finance/financialcrisis/10024209/Bank-of-Cyprus-executes-depositor-bail-in.html
Current U.s. National Debt:
