Bank of Cyprus depositors with more than 100,000 euros will get hit with an initial 37.5 percent penalty. Another tax of up to 22.5 percent could be imposed, depending on what the Bank of Cyprus needs to build up its reserves.
Pope Francis stumbles stepping down from a chair, but recovers. The Vatican was less worried about that stumble, and more concerned about media coverage of the role of Pope Francis during Argentina's 'Dirty War.'
The SEC exposes Illinois's misleading reports on pensions while Greece cleans up its financial data to help end the euro crisis. Clean accounting, like light on a dark street, helps eliminate financial deceit.