Saving Cyprus is exactly the old joke: "Yesterday, he saved a girl from rape. - It can not be! How? - He persuaded." Group salvation. A group of civilized Europeans, led by Germany.
As you know, the plan provides for the freezing of deposits forced large depositors (more 100 thousand euros) in two major Cypriot banks. In fact confiscation. What is the condition of 10-billion dollar aid from the European Union.
Right now, the miraculously saved Cypriot banks open exactly to die in agony. Keep money in Cyprus can now only crazy. Banks work with other people's money. Credit is trust, it is generally synonymous. What kind of trust here? And what a loan? From the point of view of the elementary logic of the current system, that is, capitalism, confiscation is worse than default, that is, bankruptcy. The Europeans organized Cyprus Harakiri. And there is an idea to make it serial.
“The Cyprus bank rescue scheme at the expense of private investors will become a model for future aid packages within the eurozone,” said Dutch Finance Minister, Eurogroup President Jeroen Deisselblum.
Potential recipients of desired packages like the Spaniards and Italians immediately rushed to refute and reassure. Therefore, such statements are enough to bring down the entire banking system. In fact, there is still a reason to consider the Cyprus model as exclusive so far. For what Cyprus has received such an honor.
Well, firstly, because it’s small: it’s easier to save the little ones, especially by the group. Cyprus has to some extent become a victim of its financial redundancy. And, of course, very heavily invested in his mother Greece. And when European leaders wrote off Greek debt, the Cypriot banks were in the worst position. That is, Greece corrupted everything, but to respond to little Cyprus. And, finally, Cyprus was remembered by Russian offshore companies.
The defeat of Cypriot banks is the price that Cyprus pays for its presence in the European Union and the eurozone. On the other hand, Cyprus forcibly no one there pulled. Cypriots saw in the European integration primarily a political roof. The roof was not political, but ... Well, in general, you can see what. A useful lesson here is that the European Union is not a union. Tambov wolf you ally. This is the first.
And the second ... The precedent of confiscating money, and with such a Russian accent, raises the most serious question about the method of placing funds of our state reserves. That very minfinova kubyshki. For a rainy day.