Comments on: As Cyprus burns, does South Africa? https://twentythirdfloor.co.za/2013/03/20/as-cyprus-burns-does-south-africa/ Perspectives Fri, 29 Mar 2013 12:30:55 +0000 hourly 1 https://wordpress.org/?v=6.9.1 By: David Kirk https://twentythirdfloor.co.za/2013/03/20/as-cyprus-burns-does-south-africa/comment-page-1/#comment-20391 Fri, 29 Mar 2013 12:30:55 +0000 http://twentythirdfloor.co.za/?p=2145#comment-20391 In reply to Piet.

You realise several of the banks are insolvent? This has nothing to do with QE. The banks have incurred losses and shareholders, bond holders and large depositors are losing their money.

]]> By: Piet https://twentythirdfloor.co.za/2013/03/20/as-cyprus-burns-does-south-africa/comment-page-1/#comment-20160 Wed, 20 Mar 2013 17:07:45 +0000 http://twentythirdfloor.co.za/?p=2145#comment-20160 Cyprus was just a trial balloon for the central banks to pull back from QE and put the burden onto depositors. Now thats been stymied who knows where we go next.

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