Cyprus Haircuts

The EU ordered Cyprus to steal 9.6% from people’s banks accounts. People were shocked and outraged. There were a few riots but the Cypriots aren’t very good at rioting, Koreans are Number 1 at rioting. The banks are still shut after a week or so, and the Financial Times now says Cyprus is going to give accounts over 100,000 a 20% haircut. My feeling is screw the IMF and the NY banks, and give everyone in Cyprus a paid holiday as a way of apologizing for frightening them silly. This hairdressing procedure will eventually become the new normal, New Zealand is considering looting their citizens “Snip Snip”. Stuart Wilde www.stuartwilde.com   

Cartoon Source: http://philosophers-stone.co.uk/