Tag Archives: Cyprus

Daily Headline – 20/03/13

Cyprus rejects EU bailout

Cyprus flagCypriot MPs all vote to reject the EU bailout, the terms had been amended to to save the poor, there would be no levy on savings under €20,000 but still it was rejected.

If you are Cypriot and have under €20,000 of savings in the bank then surely you would have been happy at the deal, the poor wont have to pay for the crises and the wealthier will.

However Cypriots are up in arms! One could assume that the vast majority have more than €20,000 of savings, is Cyprus one of the richest countries in the world?

Admittedly this is coming from the same people who voted not to unite their island while those in the illegally occupied north voted yes!

Maybe the Cypriots would be happy if the 0% line was raised to €50,000 or do they think someone else should help keep their country afloat, can they not accept responsibility for their own decisions?

With the mafia, dodgy Russian money, Greece, Turkey and the EU it’s about time the Cypriots woke up, grew up and took control of their lives, the reality is capitalism doesn’t work, stop keeping it on life support!

Daily Headline – 17/03/13

Cyprus; workers pay the price for capitalism

Cyprus flagThe European Union (EU) and the International Monetary Fund (IMF) have agreed a €10bn bailout of Cyprus.

The ongoing economic crises continues to engulf nations, this time it’s Cyprus, which without the bailout would cause ‘disorderly bankruptcy’ according to President Nicos Anastasiades.

As part of the ‘painful’ deal bank customers with savings under €100,000 will have to contribute 6.75% and those who have over €100,000 of savings will have to contribute 9.9%.

Naturally this has caused outrage amongst the people of Cyprus, both Cypriots and non-Cypriots. Though the alternative could be not being bailed out and savers losing 100%.

Anyway as per usual it is the normal people who suffer for the failings of capitalism, when will people stand up and stop accepting the constant attacks that capitalism blows upon the working class.

Cyprus’s ruling AKEL party, who rule with a minority government had this to say:

‘AKEL will not agree and consent to measures that will condemn the whole of the Cypriot people, and in particular the workers, unemployed, the young generation or the pensioners to dead ends and poverty, just as other peoples in southern Europe have been led to..’