posted on Mar, 18 2013 @ 03:13 AM
The more I think about, the more I feel it would be best for Cyprus to default and take the hit, as I believe that this is more about maintaining
Euro-wide stability to the markets, rather than aid to Cyprus with an unacceptable condition.
The markets have reacted with jitters to Cyprus, and the Euro has taken a hit itself. Germany is absolutely desperate to save the currency, but to be
honest, saving the Euro does not help struggling European countries, but really does cement Germany's position as the banker of Europe.
No, each country should allow itself to default, the nations of such should press for it. Let their governments take charge of the banks in their
country on a temporary basis, reinstitute deregulated laws dealing with finance, and bring themselves back onto a even keel.
Yes, there would be a chaotic transition, and it would be hard, but you wouldn't be helping countries like Germany or France lord it over you. Let
them 2 countries feel the hardship and the struggle, their systems need crashing, the whole European financial system needs crashing, and rebuilding
with a less interconnective system. You can have a European Market, but less integrated and stave off the 'superstate'. Countries are struggling
because of the way they have to pander to the demands of an integrated, Euro-wide business scheme, lorded over by the likes of Germany.
The seizure of personal financial capital of the Cypriot and non-Cypriot people is not going to help Cyprus, it is a scheme purely to maintain the
Euro currency and to remain a partner within the Euro group. Iceland defaulted, took the hit and has rebuilt itself, and prosecuted those whom
mismanaged the country's financial affairs. Europe is nothing but a business scheme, run by greedy, avaricial business people lining their own
pockets out of the struggle of the people of Euro nations. Ever wonder why the people of the UK don't want to be a part of that particular scheme?
The banking systems are in the grip of these people, and if they feel the need for it, they will rationalize and legitimize the theft of your savings
anytime they want. With what is happening in Cyprus, no one can justifiably retain confidence in using a bank to save their money for a rainy day.