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Friday, 29 March 2013

Bailout "saves" Cyprus, but the people have to pay.

http://www.independent.co.uk/news/world/europe/cyprus-a-haircut-for-the-people-a-pay-cutfor-president-nicos-anastasiades--but-banks-open-amid-tight-security-and-cash-restrictions-that-could-last-a-month-8552690.html#disqus_thread 

Cyprus: a haircut for the people, a pay cut for President Nicos Anastasiades – but banks open amid tight security and cash restrictions that could last a month.
Savers formed "orderly" queues



"a haircut for the people, a pay cut for the President but banks are open amid tight security".
No mention of the speculators, or the Troika, who have made some profits from the "crisis", or the other "depositors" who withdrew much of their cash in February, before the scandal broke (Who tipped them off?), or the bankers who created the mess in the first place. As usual, ordinary people pay for the incompetence, greed and mismanagement of banks and politicians.