Sunday, March 31, 2013

Aphrodite Drowning

An ugly Greek tragedy in Cypriot dialect is unfolding at the home of the Goddess of Beauty.
 
The blood-thirsty, self-proclaimed financial rescue institutions have found in Cyprus a new prey to nimble on as they are officially and by law amputating 60 per cent of depositors’ savings above Euro 100K!   

I have many reasons to have this south eastern Mediterranean island very close to my heart and that's why I was heartbroken with the recent developments which have deprived dozens of thousands of hard-working people of their hard-earned savings.

What's more, what we are seeing in Cyprus these days is just the tip of an iceberg so deeply submerged in the abyss of southern Europe’s banking bubble and fiscal fuck ups that would even make Aphrodite herself struggle to stay afloat.

Cyprus must resurface soon, but the recent experience of its Greek neighbours suggests that one, two, three or more lifelines are not enough to help one swim when surrounded by the loan sharks of the IMF and ECB.
 
 

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