Plan to raid depositors shocking

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GIVEN how many soothsayers there are in the financial industry, at least one of them should have yelled from the crowd to warn Cyprus of the Ides of March. OK, so the comparison with the assassination of Julius Caesar is a bit over the top. But the meeting of the European Union, International Monetary Fund and European Central Bank in Brussels on March 15, was just as fateful for Cyprus, and contained an element of drama: a key part of the bailout plan was much rumoured, and plotted behind closed doors, with hardly anyone believing it would come to pass..............Download the full article in pdf attachment (below)