Comments are now closed due to spamming and personal attacks.

Twitter: https://twitter.com/huffpoclub

Breaking News

EU Stiff-Arms Cyprus After Country Says ‘No’ To Bank Bailout Deal By Matthew Boesler

Posted on Wednesday, 20th March 2013 @ 09:22 AM by Text Size A | A | A

Eurogroup President Jeroen Dijsselbloem’s response to the Cypriot parliament’s decision to totally reject the Cypriot bank bailout deal today is only two sentences, and it offers no help at all:I take note of the decision of the Cypriot parliament on the government’s proposal for a oneoff stability levy.

I confirm that the Eurogroup stands ready to assist Cyprus in its reform efforts and reiterate the position of the Eurogroup as I stated yesterday.

Wolfgang Schaeuble, the German finance minister, is of course a major power player in all of the EU bailout negotiations.

His statement on the Cypriot parliament’s decision to vote no on the deal today was similarly unhelpful (via Reuters):

“We regret the decision,” Schaeuble told ZDF television. “Cyprus requested an aid programme. For an aid programme we need a calculable way for Cyprus to be able to return to the financial markets. For that, Cyprus’s debts are too high.”

Schaeuble added that it was a “serious situation” now in Cyprus and said the country had no one to blame for its situation other than itself. He said he doesn’t think its “business model” works anymore and warned Cyprus must act quickly.

Cyprus is clearly in a bind, and it doesn’t look like the EU has much figured out on what to do next.

Related News On HPUB:

  • Newly Unearthed CIA Memo: Media Are The “Principal Villains”

    A new declassifed CIA report unearthed by the FOIA investigive cooperative MuckRock contains some shocking commentary on how the intelligence community views and interacts with the media. The 1984 series of internal memos, part of the…

  • The New National Anthem of the United States

    The US national anthem defends slavery in the fourth, all but forgotten stanza. http://hpub.org/Colin_Kaepernick_Is_Righter_Than_You_Know_The_National_Anthem_Is_a_Celebration_of_Slavery-53766/ The US national anthem is a disgrace that needs to be rewritten asap: Oh say can you see, by the dawn´s…

  • Black FBI Informant Darth PerryTells All

        Fascinating, must see old interview of black FBI informant “Darthard Perry” aka “Ed Riggs” on Like It Is, hosted by the late Gil Noble. “The FBI is very good at conspiracies and murders.”…

  • Electoral Science: The Winner of the 2016 Election Will be a Republican

    Originally published at Washington’s Blog in April, 2016   by Daniel Bruno   Electoral Science: The Winner of the 2016 Election Will be a Republican I was the first person in the world to proclaim…

... post your own so far 0 comments

Comments

No comments yet.

Leave a Comment

You must be logged in to post a comment.

 
  • Hpub asks

    • Will Trump Survive to January 1, 2018 ?

      View Results

      Loading ... Loading ...
  • Breaking News