Tag: financial

EU Blinks Already? Staged Vote? Cyprus Finance Minister Proposes Deal with Russia; Will That Fly?
March 20, 2013 0

EU Blinks Already? Staged Vote? Cyprus Finance Minister Proposes Deal with Russia; Will That Fly?

By News Desk

Staged Vote? In spite of the 1-Not Present, 36-No, 19-abstentions vote in the Cypriot parliament, one really has to wonder if this was a staged vote to show solidarity with Cypriot citizens, with some sort of face-saving deal already approved for tomorrow (in which the Cypriot parliament votes yes by a slim majority in return for minor concessions from the ECB and Germany). In short, it is unclear if we really know what is happening in the Cypriot parliament.

Laughable Hypocrisy from the Thick Book of EU Lies and Hypocritical Statements
March 19, 2013 0

Laughable Hypocrisy from the Thick Book of EU Lies and Hypocritical Statements

By News Desk

Here’s one for the thick book of EU lies and hypocritical statements " Deposit guarantees only protect against bankruptcy, not levies " Guarantees on deposits in the European Union are only there if a bank completely collapses, and does not protect from fiscal steps decided by parliaments, the European Commission said on Tuesday, defending a decision to impose a levy in Cyprus. Excuse Me! What are the Cyprus banks, if not shutdown, collapsed, and bankrupt

From Smoldering Ashes Comes Good News of Reality
March 19, 2013 0

From Smoldering Ashes Comes Good News of Reality

By News Desk

It’s easy enough to focus on the smoldering ashes of the politically and economically insane move in Cyprus by the heavy-handed bureaucrats in Brussels and Germany. Instead, I suggest we focus on the bright side, and there is plenty to be found. The nannycrats have been permanently exposed as liars Trust is gone Everyone can now clearly see that deposit guarantees were a lie Realization has set in that in spite of nannycrat denial, this will happen again The move in Cyprus will strengthen the Five Star Movement in Italy The move in Cyprus will embolden the separatists in Spain The move in Cyprus will strengthen UKIP in Great Britain The move in Cyprus is even likely to strengthen Alternative für Deutschland (AfD) Eurobonds and joint budgets are exposed as dead In Germany, Merkel is likely to have won a Pyrrhic victory (if indeed she won anything at all) Sensible people now realize all this talk of European solidarity is a gigantic lie Even ardent supporters of the eurozone are now starting to question its existence That is one heck of a lot of good things for the bargain basement price of a mere €5.8 billion

Cyprus Banks Closed Until Thursday; "Solution is Feasible, Can Be Extrapolated to Spain", Says Spanish Economist; Lies of the Day
March 18, 2013 0

Cyprus Banks Closed Until Thursday; "Solution is Feasible, Can Be Extrapolated to Spain", Says Spanish Economist; Lies of the Day

By News Desk

Direct robbery of Spanish citizens would net Spain about €120 Billion according to economist Niño Becerra who says ” Cyprus Solution is Feasible, Can Be Extrapolated to Spain ” Santiago Niño Becerra, Professor of Economics at the University Ramon Llull in Barcelona, says a tax as imposed on Cyprus in exchange for bailout, would be possible and that “it is very clean, unlike a freeze all balances, which would be a mess.” Through his twitter account, Niño Becerra says it would be more painful for Cypriots if “the bailout were to occur in the form of public debt.” The Spanish government was quick yesterday to claim the Cyprus solution was not applicable to other countries.