Courtesy of Mish.
As details of the EU’s heavy handed blackmail of Cyprus come pouring in, the volatile reactions mount as expected.
Cyprus President Statement on Confiscation of Accounts
Here is the Statement by the President of the Republic Mr Nicos Anastasiades. Points five and six are interesting:
5. It saves provident and pension funds and avoids taking other tough measures such as wage and pension cuts that were put on the negotiations table.
6. It avoids further recession and the risk of the vicious circle of a second memorandum.
Care to bet?
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