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If we all did it at least it would keep from destroying the countries that do it while others don't. Cyprus is done. No one will keep money there with the risk of more haircuts as this goes on. They took 6 B out of accounts but they borrowed 10 B and still owe like 4 B in bonds and 2 B to the Russians. So about 16,000 for each resident. Good luck going forward with debt at 100% of GDP, a shrinking GDP and sky high rates since you already needed a bailout.
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