Cyprus Bank

Today, Cyprus, Tomorrow…

“Government is theft.” The old libertarian battle cry came to mind when the news hit, two weeks ago, that Cyprus was about to confiscate 7 percent of all the insured deposits in the island’s two biggest banks. Nicosia also planned to siphon off 10 percent of uninsured deposits, those above …

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Is Europe Sailing on the Titanic?

U.S. growth in the first quarter fell to 2.2 percent, a disappointment. But in Europe, that news would have caused general rejoicing. For consider the gathering crisis on the old continent. With negative growth now for six months, Britain has fallen back into recession. “I don’t think we’re anywhere near …

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David Cameron’s Finest Hour

Prime Minister David Cameron’s decision to veto Germany‘s demand for a new European fiscal union will define his premiership. More than that, Cameron has raised a banner for patriots everywhere fighting to retain their national independence. With his no vote on fiscal union, Cameron declared to the EU: “British surrenders …

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