Cyprus Bailout.
The island nation of Cyprus, like much of the European continent, is in financial crisis. It would seem that over the past few years the Socialist EU experiment has shown that distribution of wealth and over-promising from the Government on the backs of others is a recipe for destruction.
First there was Greece and now Cyprus, Germany isn't far behind because the idea that a "union" of the masses will help all never includes the pain side. See, when you decide to share everything in times of plenty, you quickly find out that when pain comes it must be shared as well.
Citizens of Cyprus are throwing a tantrum now because Socialist promises have finally come home to roost. Now the reasons behind a 10% bank savings seizure are very shady. First the aim is to attack all of individual's savings, and that is retro-active. Meaning, just because you took all your money from the bank today, you will be taxed on what you had at the time of the law. Second, the aim is to take down Russians. Essentially, Russia uses Cyprus as America uses off-shore accounts - hiding and moving money. Thus, the EU decided that if it were to give Cyprus money, it would want the 'skin in the game' of those from Cyprus.
To add to the debacle, now the Government in Cyprus - specifically Defense Minister Fotis Fotiou - is attempting a Plan B. However, the French Finance Minister Pierre Moscovoci, says "no way". See this is the confusion that ensues when you attempt to gray the borders of identity of a Nation. When you begin to blur the reality of Nationalism, and replace it with Unionism as a way of getting to a better future you inevitably lose control of the situation as Cyprus is finding out. Now the Government of Cyprus has no power to lead the people of Cyprus.
Cyprus Bailout
First there was Greece and now Cyprus, Germany isn't far behind because the idea that a "union" of the masses will help all never includes the pain side. See, when you decide to share everything in times of plenty, you quickly find out that when pain comes it must be shared as well.
Citizens of Cyprus are throwing a tantrum now because Socialist promises have finally come home to roost. Now the reasons behind a 10% bank savings seizure are very shady. First the aim is to attack all of individual's savings, and that is retro-active. Meaning, just because you took all your money from the bank today, you will be taxed on what you had at the time of the law. Second, the aim is to take down Russians. Essentially, Russia uses Cyprus as America uses off-shore accounts - hiding and moving money. Thus, the EU decided that if it were to give Cyprus money, it would want the 'skin in the game' of those from Cyprus.
To add to the debacle, now the Government in Cyprus - specifically Defense Minister Fotis Fotiou - is attempting a Plan B. However, the French Finance Minister Pierre Moscovoci, says "no way". See this is the confusion that ensues when you attempt to gray the borders of identity of a Nation. When you begin to blur the reality of Nationalism, and replace it with Unionism as a way of getting to a better future you inevitably lose control of the situation as Cyprus is finding out. Now the Government of Cyprus has no power to lead the people of Cyprus.
Cyprus Bailout
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