Could Cyprus Be End of Eurozone?

NICOSIA - Cyprus - Many civilisations have passed through this tumultuous tiny crop of land over history. Could this small rock in the Mediterranean be the final death knell for the EU's ill fated euro monetary project?

The Assyrians first took the island in 721 BC from the primitive hunter gatherers, and then the Egyptians in 570 BC then later on by the Persians around 545 BC. After a long succession of civilisations over history the tiny little island is still divided and now claimed by the modern Greeks after their attempt of mass genocide in 1964 and 1974 on the minority 18% Muslim population subsequently thwarted by the UN and Turkish army.

There has never been a nation or civilisation that has managed to hold on to the islands indefinitely and this is why its sheer volatility within the region is an important factor for the eurozone currency and ultimately the world economy.

Contagion

The EU led by Germany has asked for a bank levy on the crooked Greek Cypriot banks brimming with laundered cash from the Russian Mafiosi. The Troika thought they would have their pound of flesh via a 10% forced taxation on all bank accounts, but they underestimated the nature of the Greek Cypriots, who do not like to pay tax let alone a levy on their savings. Furthermore, by crossing the Russian mafia, you will incur the wrath of Putin and his network of Russki thugs and hit men. Does the EU need the hassle of this hornets nest? Better for Merkel to drop this one like a hot potato, take the loss and move on.

The only slight drawback to dropping Southern Cyprus from the eurozone would be Greece maybe causing a scene. This may be a good excuse to drop them as well and cut the losses there. As for Italy and Spain, it would be better for the ECB and Merkel to put all their efforts into keeping them in the EU and not waste anymore precious euros on the profligate states who are just a cash black hole with no industry or will to cooperate.

Daily Squib Book

DAILY SQUIB BOOK The Perfect Gift or can also be used as a doorstop. Grab a piece of internet political satire history encapsulating 15 years of satirical works. The Daily Squib Anthology REVIEWS: "The author sweats satire from every pore" | "Overall, I was surprised at the wit and inventedness of the Daily Squib Compendium. It's funny, laugh out loud funny" | "Would definitely recommend 10/10" | "This anthology serves up the choicest cuts from a 15-year reign at the top table of Internet lampoonery" | "Every time I pick it up I see something different which is a rarity in any book"
Disqus Comments Loading...
Share
Published by
Tags: eu

Recent Posts

Netanyahu Forced to Travel in Disguise After ICC Puts Out Arrest Warrant

TEL AVIV - Israel - Israeli PM Benjamin Netanyahu may be forced to wear a…

8 hours ago

“Two Jags” John Prescott Goes to the Great Pie in the Abyss

HELL - The Eternal Inferno - "Two Jags" former Labour Deputy John Prescott will soon…

18 hours ago

Experts: How Peaceful Protest Against Labour Tyranny Can Work

LONDON - England - A think tank has outlined methods ordinary citizens can conduct peaceful…

20 hours ago

Forget Bacon and Eggs Labour Want to Replace Traditional Farms With Maggot Farms

GRIMSBY - England - Labour is planning to completely exterminate and erase traditional farms, replacing…

1 day ago

Prince Harry Consults Elon Musk About Travelling to Mars

MONTECITO - USA - Prince Harry is in consultation with Elon Musk about travelling to…

2 days ago

Comrade Xi Jinping Commends Comrade Starmer on Soviet Britain’s Communist Vision

RIO DE JANAIRO - Brazil - Comrade Xi Jinping has praised Comrade Starmer for crushing…

3 days ago

This website uses cookies.