The conditions imposed on Cyprus by the EUROZONE to benefit from a "bail-out" are draconian !!!
However, not all is lost !!! The EUROZONE "executive" is certainly closely watching, if not spying, to learn about all the details of the real problems Cyprus is at present having to confront !!!
Cyprus is like a Guinea Pig, which is normally used in scientific experiments !!! This time, however, the experiment is Financial !!!
The immediate reactions of Jeroen Dijsselbloem, the Chairman of Meetings of Eurozone Financial Ministers, after their last meeting, were on the nail !!! He said the principles of the Cyprus "Bail out" could in future be applied to other similar problems. However such an approach would entirely change previous principles employed by the EUROZONE !!! His reactions were quickly dumbed down afterwards !!!
Would such a change not benefit the EUROZONE ? The whole world is now watching, but not just the "Mighty Powers" of the EUROZONE !!! They are watching closely the Cypriot guinea pigs who are now really suffering !!!
.
No comments:
Post a Comment