Lagarde: Supportive of More Progressive Bank Levy in Cyprus

The International Monetary Fund Tuesday expressed its support for Cyprus’ plans to reduce the burden the country’s new bank levy would have on the island’s poorest citizens, as the country looks to implement an agreement reached Saturday on an…

TourdeForce‘s insight:

Jonathan Haynes, TdF Consultants asks, “But what is next logical step?  How can Europeans have trust in their banking system?  Surely we need to think with a coherant longterm view?”

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