So, Cyprus is a European Union Member State which is about to go bankrupt. Naturally, the Cyriot Government asked the European Union for a Governmental Bail out.
Brussels responded that they would be happy to give the bail out, so long as the demands are met. These Demands are set by Germany, because Germany is the biggest giver in these bail out.
When the Greek Government refused to pass her laws, Germany feared the very distruction of the Euro Currency, and thus she made a Provincial Government for Greece...called a "Unity" Government, and got rid of the Ellected Greek Government and replaced it with the Unity Government....When Italy went through the same problem, The German Chancellor did exactly the same thing.
I dont know the current situation in Greece, but I do know that Italy has returned to a Democratically ellected Government recently.
Spain was warned, but for some reason Germany held back on Sanctions that were beyond Spains ability.
So...What makes Cyprus Different?
Well Cyprus is small, and so Austerity is a silly imposition. However, Cyprus has one thing going. Its a Haven for Savings accounts, like the Caymen Isles, or Switzerland...Cyprus has wealth of individual citizens, and those from around the world, stored up in its vaults.
These are PERSONAL SAVINGS, belonging, not to the Governments, nor to the Banks...but to individual people.
The German Chancellor has told the Cypriot Government, that her Demands for the authorization of a bail out from the European Union are simple. a One Off payment from EACH ACCOUNT of around 10 percent.
She is asking for 10percent of each individuals savings in their banks. This is nothing short of theaft. The stealing of money from bank accounts...we arent talking the loss of money through shares...we are talking, really simply about, if you had $10 in a Cyprian Account...the German Chancellor will releave you of a Dollar.....
To avoid a run on the savings account, the Cypriot Government have put withdrawal limits on savings accounts...so you CANT get your money out.
They have thus far voted NOT to meet the Germans Demands...but without that bail out, they face...well, extinction one supposes. Bankruptcy...and Merkel has refused to change her demand
Tell me...if its possible for the German Chancellor, to replace Democratic Governments, with her own Unity Provincial Governments, and its possible for her to go into the account of any person in the European Union and TAKE WITHOUT PERMISSION TEN PERCENT OF THEIR SAVINGS...what is stopping her from doing it to people in England if she felt like it?
At what stage do we say that she is a threat to us? At what stage do we say that she has no right to rule over an ENTIRE Continent??? When will other Nations in the World help us?
Well the answer to the third question is already answered.
Cyprus has entered into talks about a possible bailout from....
The European Union have threatened to cut Cyprus off if she goes to Moscow for help.
Russia has a huge stake in the accounts on Cyprus, and wont want to see this go to Germany or Brussels...Moscow already gave them a loan two years ago, in the worry of this spreading from nearby Greece...and it looks like those fears were warrented.
The other offer of help, GOD bless them, has come from the Orthodox Church, the Primate, Chrysostomos I, Said that he would mortgage the Churches assets to buy Government Bonds, or something
"We don't have days or weeks, we have only hours to save our country," Averos Neophytou, deputy leader of the ruling party Democratic Rally, told reporters as crisis talks in Nicosia dragged into the evening. Banks are to stay shut for the rest of the week and so not reopen till Tuesday after a holiday weekend
"We can provide emergency liquidity only to solvent banks and ... the solvency of Cypriot banks cannot be assumed if an aid program is not agreed on soon, which would allow for a quick recapitalization of the banking sector," The European Central Bank's chief negotiator on Cyprus, Joerg Asmussen
President Nicos Anastasiades, a conservative elected just last month with a mandate to secure a bailout, held meetings with party leaders, his cabinet and officials from the "troika" of lenders from the EU, ECB and International Monetary Fund. A senior source in the "troika" said dealing with Cyprus was even more frustrating than protracted wrangling with Greece.