Tag Archives: financial collapse
Austerity starving Greek children
In Greece children are picking through school trash cans for food; needy youngsters asking playmates for leftovers; and an 11-year-old boy was bent over with hunger pains. http://www.nytimes.com/2013/04/18/world/europe/more-children-in-greece-start-to-go-hungry.html?hp&_r=0 “He had eaten almost nothing at home,” The parents, who were ashamed and embarrassed but admitted that they had not been able to find work for months. […]
Cypriot depositors to lose 60-75%
Savers at the Bank of Cyprus may be forced to accept losses on their deposits that exceed 60 percent in order to keep the stricken bank afloat. http://www.nytimes.com/2013/03/30/business/global/some-savers-in-cyprus-may-lose-60-percent.html?hp The more sizable haircut, coming soon after the imposition of tough capital controls, is the latest and perhaps most profound reminder of the financial punishment being visited […]
Dirty Babylon 