Cypriot Death Spiral, 4pm edition…

So the rumour machine is that the Troika have demanded that rather than the 5.8b which Cyprus couldnt raise they now need to raise 6.7b.

This presumably comes from the probable “kicking the shit out of the economy” as its now being reported that the 5.8b will cause. A 20% drop in income..and thats the good scenario. So the worse things get the bigger the hole so the worser things need to get. Its called digging a hole guys….

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One thought on “Cypriot Death Spiral, 4pm edition…

  1. Pingback: Germany’s Dilemma – Sacrifice Cyprus or Make Sacrifices Itself… | Brian M. Lucey

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