Tiny Cyrpus is making big news as world stock markets head lower. The main story is that the taxing (or some call it confiscation) of money from Cyprus bank accounts sets a bad precedant for Europe that could lead to trouble further down the road if done in a much larger nation.
So what do you think about the Cyprus situation:
1) Much ado about nothing?
2) Where there is smoke, there is fire?
Share your thoughts in the comments section below.
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