The Cyprus Crisis and Global Currencies




Steel on Steel Radio Broadcast show

Summary: John's boralogue starts the program with a summary of the Cyprus banking crisis as it affects the euro and the dollar Then we flow directly into a discussion with Forbes Magazine contributor Tim Worstall in Portugal about the confidence crisis which the Cyprus banking situation has caused in Europe including the flagrant breach of contract law If nothing else this heavy-handed move has unleashed jitters in Europe and is causing a flight into the dollar which is ironic in that just a few years ago we were told the euro was going replace the dollar as the world's reserve currency