So we are hearing that cyprus was blackmailed into the plundering of the citizens deposits by threats that
- the ATMs would not work
- the banks would close
- there would be national bankruptcy
there would be a plague of locusts o’er the land
All very reminiscent of Ireland 2008 when our bankers rucked up to the then ministers and said …ATMsbankruptcylocustszombiesbailoutzombiesATMS or whatever…And that worked well didnt it children.
The threat that seems to have tipped it was the ECB suggesting that they would cut off cyprus. Yes, because expelling cyprus from the Euro would surely save it.
Its ugly germanic hegmeonic bullying. And its not the EU I campaigned for. Oh nein. …
I have more tomorrow in the Irish Examiner