"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen."

Monday, 18 March 2013

The Rape Of Cyprus By The European Union & The IMF - ZeroHedge

The Rape Of Cyprus By The European Union & The IMF
"...the European Union and the European Central Bank and the IMF has not just allowed violation of the deposit insurance but demanded it. One thing is certain here; if they can void deposit insurance in Cyprus then they can void it in any country in Europe. Further; if they can void deposit insurance then they can void bond covenants with the scratch of a pen on paper. Nothing now; Nothing is safe! Pay attention please. The European Union and the European Central Bank and the IMF have just advocated the confiscation of private property for their own indulgence."
Meanwhile, George Osborne has announced that Britain will not be bailing out Cyprus through official EU channels yet in the next breath is assuring Armed Forces and Civil Servant bank account holders that their losses will be covered by the British government. That sounds like a subtle form of back-door bail-out to me.

The DT is running a LIVE BLOG.  Keep an eye out for movements in Spain or Italy.

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