Skip to comments.Crisis in Cyprus shows collapse of the West
Posted on 03/21/2013 4:37:32 PM PDT by SteelToe
In 2014, all EU countries will hold parliamentary elections that may be won by the opponents of European integration. Recent EU measures to stabilize the situation in Cyprus showed that the foundations of the ideology of the Western world based on the Catholic and Protestant faiths have been undermined. The West is trying to explain its hurried decisions with the pressure from the Russian Federation.
After the summit in Brussels approved a plan of Cyprus "rescue" (by providing a tranche of 10 billion euros in exchange for the withdrawal of 10 percent of all deposits in the country), it became clear that this was the beginning of the end for the united Europe. The basis of any state ideology is religion. The measures undermined confidence in the notion sacred for Catholics and Protestants - inviolability of private property. Expropriation is a measure completely alien to the Western mentality and may lead to a social unrest. Jean-Claude Juncker, Luxembourg Prime Minister and former President of the Eurogroup (the club of finance ministers of the euro area) said that against the background of recession and rising unemployment he did not rule out the risk of a social rebellion.
(Excerpt) Read more at english.pravda.ru ...
you need a barf on this
The barf is that we have to read it in Pravda....and not in any MSM.
Look we had better wake up.
China is eating our lunch. Running a huge surplus with the USA, and has closed markets to make matters worse.
Turn it around.
It’s the soviet “money laundering” money that cyprus is taking with the proposed tax. (and everyone else’s in the process) i don’t agree with the taking. but this is such a corrupt country that property rights are the least of their problems. They have allowed their banking system to launder soviet mafia money, used the benefits to fund a corrupt society The bigger issue is that now the EU can now confiscate any property at any time — just like the our US government can. if your stuff is in a government (protected place) they can take your money.
This is, indeed, a very grave crisis, and with implications for Middle East politics as well. Cyprus is linked to the Syria situation, and Russia is motivated to gain leverage.
iirc, Israel is doing oil exploration with Cypress, and the Russians just offered to “buy out the EU bailout” for control of Cypress’s part of that exploration...