The Depositor Haircut
James Meek: Cyprus’s Depositor Haircut, 9 May 2013
“... but prospective residents and second-homers. Cyprus prospered. House prices rose. Ticket prices fell. More visitors, more residents, more houses, more money. First it was people with money seeking homes; then, in a shift that was barely noticeable until after it had happened, it was people seeking a home for their money. Is there some special tingle of ... ”