1. Bank of Cyprus "is likely to be saved"?
It has "close ties to the island's ruling establishment and is more heavily laden with Russian deposits."
- Financial Times
Typical scenery in Greek Cyprus.
2. Felix Salmon wrote in Reuters of the Cyprus confiscation:
"Meanwhile, people who deserve to lose money here, won't...
"Meanwhile, people who deserve to lose money here, won't...
"The big losers are working-class Cypriots, whose elected government has proved powerless . . . .
"The Eurozone has always had a democratic deficit: monetary union was imposed by the elite on unthankful and unwilling citizens..."
3. Who are the 'working-class' in Cyprus?
The people who work on the farms in Greek Cyprus are often Vietnamese.
The workers in the hotels and restaurants are often Vietnamese and Philippinos.
The workers on the building sites are often 'immigrants'.
Cyprus
Cyprus
The typical Greek Cypriot has become used to lounging about during the day and partying at night, according to the cynics.
According to a Bundesbank study of personal wealth, "the median Spanish household has net wealth of €178,000, the equivalent in Germany is €51,000."
Poor Germans tire of bailing out eurozone - FT.com
4. "The entire Eurozone conundrum is unnecessary.
"It is the result of too little money in a system in which the money supply is fixed, and the Eurozone governments and their central banks cannot issue their own currencies."
5 comments:
Great psyop, to see what wee would do.
Silent weapons for Quiet wars, sssh :)
cheers
Come on, let's get this right. As a former (pre Nov. 2012) citizen and worker in Cyprus, there is more to it than this.
Yep, the rich kids do lounge around, but the majority of Greek Cypriots work 7.00am to 6.00pm jobs, Mon - Sat, they get good salaries and so they do party hard. But most have huge credit loans for cars and luxuries, with the banks, and mortgages, and summer apartments, or motorbikes, or some other high-prices items. But they DO WORK for it.
The Phillipino and Vietnamese (excuse spelling) also work really hard, usually in domestic work or deliveries, the hotels and cafes/restaurants are staffed by Russian/Romanian/Bulgarians, the cleaning companies are usually Romanians, the building sites are mixed with a lot of Turkish Cypriots or Syrians, or Egyptians. The Lebanese are mostly self-employed, as are the Armenians and the Jews. The financial sector is most ex-pats from all over the world, plus new graduates from Universities in the USA and UK. The medical side is mostly Greeks, Cypriots and quite a few Americans and Bulgarians....WHAT else does anyone want to know...Just ask me....I was there for a long time...LOL!
Limassol is a lot of Russian and American money, Paphos is mostly Brits, as is Larnaca and Ayia Napa. The mountain areas are full of Brits and Americans...What else? ummm....There is a HUGE movement of money to and from Russia AND the Arab States...which don't seem to get mentioned. The Chinese tried to get into the country but changed their minds recently. They were going to buy up a huge area around Larnaca Airport but pulled out at the last minutes, as did the Qataris'
;-)
The people that moves for working has got a big push with unified europe:
Turkish to Germany, Romanians to Italy...
Aangirfan, thanks for the link to the GlobalResearch article showing how the Bankster's central bank BIS recommended robbing bank accounts in 2011.
Thank you triple dot woman for your precious and simple insights on Cyprus.
Good comment by ... describing Cyprus social & economic profile.
What strikes me is how defined the various roles are in Cyprus.
The island already is an international hub.
Perhaps, in Europe, this divvying up, as it were, is common.
Here, in America (at least where I am), I couldn't give you a list, such as ... provided.
So much sympathy for Cyprus in the Alternative media, as a matter of principle, but, perhaps, when you look more closely, that sympathy may melt, to some degree.
As Cyprus already is firmly in the grasp of the international community, their problems with that international community, is less of my concern.
Cyprus already was dancing with the devil -- the devil came to collect his due.
The lesson? Don't fail into the clutches of the international community, aka, global governance, in the first place.
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