Posted on 07/28/2011 11:11:16 PM PDT by bruinbirdman
The "government’s twelfth hour" has come, writes Politis, reporting from a Cyprus embroiled in political and financial crisis. On 28 July the government presented its resignation, which had been requested by President Demetris Christofias the previous day. In addition, the paper explains, "the rating agency Moody's downgraded the country by two notches and is expressing concern about the fiscal situation in Cyprus following the explosion at the naval base." The explosion of a munitions stockpile that left 12 people dead on July 11 wiped out the main power station in the country and has cut power output by half. "The fiscal position was already under pressure; now it may affect the development" of the country, Politis notes.
The Turks will move in to take the rest of the island if it’s weak.
What a disaster the Euro has been.
yitbos
EU Presidency, eh? It seems like that could be interesting, but I’m not familiar enough with government over there to guess as to how.
Join the club.
Cyprus actually will take over Presidency of the Council of the European Union, July 2012.
"Three successive Council presidencies, known as presidency trios, cooperate for an 18-month period to provide additional continuity by sharing common political programmes. The current (2011–2012) trio consists of Poland (which took up the position 1 July 2011), Denmark (which will take over in January 2012) and Cyprus (will take over in July 2012)._ Wiki
yitbos
Euro-Socialism is the absolute goal of the democrat party, despite the total failure of this politico-economic system.
Why?
It is all about institutionalizing power in an all powerful socialist federal bureaucracy, immune to any Republican victory.
I thought I was reading about the US for a moment!
It seems that most of the people on earth want to live at someone else’s expense. Socialism is nothing but organized crime.
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