I have been watching the events in Cyprus for a few days now, and wonder if it is a good idea to be holding Euros.... On the one hand, bankruptcy of a country has been temporarily averted, however, investor confidence has been badly shaken by the policies undertaken by Cyprus, and demanded by the IMF. Do situations like this weaken, or strengthen the Euro?
The media reports that this type of bailout will be the new standard going forward; there are much larger European nations who will be needing bailouts in the future.
I am feeling edgy, and will probably sell off whatever I have to be on the safe side. If states begin taxing by seizing assets, I think businesses will be much more reluctant to invest... Leading to higher unemployment and lower economic performance.
Your thoughts?
The media reports that this type of bailout will be the new standard going forward; there are much larger European nations who will be needing bailouts in the future.
I am feeling edgy, and will probably sell off whatever I have to be on the safe side. If states begin taxing by seizing assets, I think businesses will be much more reluctant to invest... Leading to higher unemployment and lower economic performance.
Your thoughts?