Cyprus, Malta lead EU ranking of $1.6 trillion assets held offshore!
Offshore holdings, although in many cases completely legal, could help taxpayers hide taxable money and cut their bills if they stash their savings in low-tax jurisdictions
Turkey state banks prop up Lira ahead of Syria incursion
"Turkey’s poor external position means that the mere threat of more action would weigh on the lira and may force the central bank to reverse its easing cycle"
The government guarantees EUR 9 billion through a pillow for the banks
The government is soon awaiting the green light from the European Union authorities for the asset protection scheme (APS)