Last Ditch Cyprus Bank Deal Brings Little Relief; Much Uncertainty

By Karolina Tagaris and Michele Kambas | March 25, 2013

  • March 26, 2013 at 2:38 pm
    IAN YOUNGMAN says:
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    The slip of the tongue from an MEP that Cyprus is a test bed for future bigger countries has scared many expats and residents living in Spain, Portugal, Italy, Greece, Ireland, Slovenia and a few other places.

    That Germany rules Europe and seeks to run roughshod over democracy to impose its will has never been clearer.

    And who is the austerity and bailouts rscuing ? Not the citizens , but bankers and banks and investors from Russia, The US, etc

    That the 1% want to grind the rest of us further into servitude is a warning.

    The solution- tell Germany to stick the Euro where it hurts, pull out of the Eurozone and let banks fail after the small depositors that are actually protected by EU law have got their money out.

    Replace the too big to fail and multi national banks with local banks controlled by investors on a mutual basis.

    Stop countries printing money and you will see how strong local economies actually are once the stranglehold of the financial centres, banksters and euro politicians has been removed.



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