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Wednesday, March 20, 2013

Cyprus Votes Down Bailout

The Cypriot Parliament yesterday voted down the bailout "plan" which was meant to raid the savings accounts of everyone with a bank account in Cyprus.

Oddly enough the party that had agreed the deal abstained.

One wonders why they had agreed to it in the first place?

The ball has now been kicked very firmly back to the IMF, ECB and Eurozone. Despite numerous threats coming out from Berlin, about there being no banks left to open in Cyprus if Cyprus doesn't get its act together, the Cypriots know full well that it is now up to their "friends" within the Eurozone to resolve this monumental clusterfuck.

The "game" continues!

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