Could Cyprus’s gold reserves play a part in the crisis?

The Cyprus bailout proposal made by the Eurogroup is both economically and politically absurd. But what if the real reason behind the whole Cyprus crisis is the desire to confiscate the country’s gold?

The European Union, the IMF and the ECB are pushing Cyprus into bankruptcy while risking a contagion effect that could lead to the meltdown of the eurozone. European leaders have already bailed out Greece, Portugal, Spain and Italy. Why is the Cyprus bailout so special? Why do the European leaders …

via The Cuckoo’s Nest

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