Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Tuesday 19 March 2013
Cyprus Bailout Plan Rejected: What Happens Now?
March 19 (Bloomberg) -- Cyprus's parliament rejected an unprecedented levy on bank deposits, dealing a blow to European plans to force savers to shoulder part of the country's bailout in a standoff that risks renewed tumult in the euro area. Sara Eisen reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
