Telegraph: Reports the following from Cyprus, " Cyprus turned to Russia for help on Tuesday night after the country's parliament overwhelmingly rejected a tax on the deposits of bank savers. ".
Lets Get Real:
Thus folks could Cyprus bring down the Euro, the demand that Cyprus tax the savings of its people came from Germany, the Coalition Government in Germany faces a General Election soon and the Germany tax payer is tired of paying for the PIGS. It can be postulated that Italy and Spain could be asked to tax the savings of its people in the near future, will any Government dare or will they go cap in hand to Russia, this could be a major strategic threat to the West and to the US. The Germans have to reverse course and fast, they have to bailout Cyprus with no robbing the money of the people of Cyprus, is after all private money, okay the Russian money is seen as hot, even dirty, but that is what currency and banking laws are for, to prevent dirty money becoming clean. If your the Government of Cyprus you will take almost any deal from Russia that does not mean that it has to steal the money of its own people. Interesting days ahead folks.
No comments:
Post a Comment