Cyprus’ Stability Levy: Another sad euphemism

Yanis Varoyfakis / http://yanisvaroufakis.eu They called it a ‘stability levy’, when they meant a tax on Cypriot depositors (including the savings of poor widows and small children) so that they spare holders of Cypriot government bonds (including hedge funds who are now having a party in Mayfair and New York) as well as minimise potential long-term…

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