POL327Y5 Lecture Notes - Collectivism, Derail, French Revolution
Document Summary
Essay= comparing foreign policies differ drastically in political culture & structures. When u throw together countries diverse it"s hard to come up with comparisons, limited to pairings etc china and india. Drastic tax, undermine the concept of banks, depositing is supposed to be safe. When you deposit money into bank, your subject to that being taken by the government why would anyone put their money in the bank, population tried to get them out of the banks. Citizens of cyprus extensive links that there deposits were threatened so was everyone else, threatens the eu as a whole. Backaways partially, exempts those under 100,000 larger deposits are international, not citizens & they are russian. Cyprus economy deposits in its bank 8 times its gdp. This agreement might shut this down & limit it to tourism. Raises questions about banking, sets up the problem that banks can be bailed @ the expense of their depositers, big implications on eu & russia.
