RSS Feed
March 28th, 2013 
FAKE NEWS for the Zionist agenda 
Cypriots queue for banks, which reopened after 12 days Thursday, as President Anastasiades cuts own wages by 25%. The Cypriot foreign minister promises banking restrictions will be lifted in “about a month”.
A European Central Bank (ECB) spokesman confirmed that 5 billion
euros were flown into Cyprus from Germany late Wednesday in time
for the reopening of the banks on Thursday,
The ECB bailout plan, which gives Cyprus a €10 billion lifeline,
has meant Cypriots have had to impose financial restrictions on
their own people, as part of the €5.8 billion levy they have to
fund themselves to get the loan.
In practice these impose severe limits on how much money
ordinary Cypriots are allowed to access and are the first time they
have been imposed in the Eurozone.
Cypriots are allowed to withdraw €300 per person, per day, per
bank. If a Cypriot citizen leaves the country, they can’t take out
more than €1,000 and if they are abroad and want to use their
credit cards, the maximum they can use is €5,000.
The Cyprus foreign minister, Ioannis Kasoulides, said Thursday
that he expects capital controls to be fully lifted “in about a
month”.
While the Cypriot president, Nicos Anastasiades, announced
Thursday that he was cutting his salary by 25% in a show of
solidarity with his hard up compatriots. Mr Anastasiades’ Cabinet
ministers have also decided to slash their own wages by 20 per
cent.
‘Why do they cut from simple people?’
As banks in Cyprus reopened Thursday, after almost two weeks of
closure, queues formed as people tried to get out what little money
they were allowed to.
People standing patiently outside the banks seemed calm enough
but under the surface bubbles a deep unease and dissatisfaction,
reports RT’s Tesa Arcilla in Nicosia, the Cypriot capital.
While European leaders may think they have saved Cyprus from
bankruptcy, that is not what many people in Cyprus think, says
Arcilla.
Leonides Argyrides, an unemployed, single parent who is also
caring for his sick mother is proof that ordinary Cypriots are
already bearing the brunt of their country’s bailout deal with the
ECB.
“I feel ashamed that I live on the pension of my mum. You
make plans for the future, young and old people, and suddenly you
hear that the economy of your country and your bank system has
collapsed,” he said.
His mother’s pension has been reduced from €1,189 to just over
€1,000 a month.
“Why do they cut from simple people, people who are
paralyzed?” he said.
At one of the protests gripping the country Wednesday, employees
of the Bank of Cyprus, the country’s largest lender, gathered to
vent their anger that the bank may be about to collapse and that
they will lose their jobs.
The demonstrators held banners saying “Troika go home”,
while another had an image of Cyprus as a map in the sights of a
riffle and read simply “target practice”, next to a picture
of Angela Merkell sporting a Hitler type moustache in army
fatigues.
“I believe its Germany’s fault because we’re a small economy,
they felt that the consequences would be minimal, what they don’t
know is that a precedent has been set and what happened today in
Cyprus can easily happen tomorrow to Italy, to France,” said
one protester.
There is also bitterness among some that when Cyprus entered the
European Union in 2004; the country paid money to the EU to help
the other poorer nations of Bulgaria and Romania, who were joining
as part of the same wave.
Away from the streets of Nicosia, the reverberations of the
Cyprus banking crisis are already being felt across Europe.
The Eurozone president, Jeroen Dijsselbloem, caused havoc in the
markets earlier in the week, when he said that the Cypriot template
may be used to deal with other failing banks throughout the euro
zone, which includes imposing losses on insured bank depositors,
Matthew Dalton, a correspondent for the Wall Street Journal told
RT.
“You’re playing with fire when you try and impose this kind
of solution in a crisis. The approach in Ireland at the start of
the crisis was that every single bank liability was guaranteed at
the start. There’s a massive difference from what they did in
Ireland and what they have done in Cyprus,” said Dalton.
Source Article from http://rt.com/news/cyprus-bailout-restrictions-protest-015/
Views: 0
Posted in 
