BY RICH GALEN
Reprinted from Mullings.com

It is well known that there are a number of countries in Europe that are in dire financial straits. So dire that they make our $16.7 trillion national debt look manageable.

We know about Greece and Italy, Portugal and Spain. Not only are they drowning in debt, but they have high unemployment (Spain’s is nearly 25 percent) and negative GDP growth.

But the scariest news over the weekend came from the tiny country of Cyprus. Continue reading →