It’s Not A Good Sign

Nope. The last thing you want when your country is bankrupt and you’re trying to calm international lenders so you can fleece them borrow even more money is for the Governor of your Central Bank to be named PANIC

(Reuters) – Russia rebuffed Cypriot entreaties for aid on Friday, leaving the island’s increasingly isolated leaders scrambling to strike a bailout deal with the European Union by next week or face the collapse of its financial system.

In Nicosia, the country’s biggest bank urged politicians to make haste and cut a deal with their EU partners as parliament considered proposals to nationalize pension funds, pool state assets and split the country’s second-largest bank in a desperate effort to satisfy those exasperated European allies.

The governor of the Central Bank, Panicos Demetriades, warned political leaders the country would face a disorderly bankruptcy on Tuesday unless they approved the bills, an official present at the talks said.

Remain calm.

All is under control.


One Response to “It’s Not A Good Sign”

  1. aelfheld says:

    Cry havoc and let slip the dogs of finance just doesn’t have the same ring.

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