Could Cyprus Be End of Eurozone?

Cyprus has endured many different civilisations claiming its land

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.

  • 741

    As to the bastards, refer to yourself Anglosaxon produce of Danish and Norman produce of rape.
    As to morons, refer to yourself myopic parrot.
    As to lazy is documented by OECD it is definitely You as Greeks work MORE than you.
    As to crooked noone can beat you and your banana country collaborator of mafia and drug dealers.
    Greeks pay a lot more taxes than you tax dodger and benefit scum, so start thinking some taxes for a change and get off benefits.
    Is that clear offshore moron?

  • Anonymous

    NEXT TIME DON'T CHOOSE A BANK IN A BANANA REPUBLIC RUN BY CROOKED MORONS ! YOU GREEK BASTARDS NEED TO GET OFF YOUR LAZY ARSES AND DO AN HONEST DAYS WORK AND PAY SOME TAX FOR A CHANGE !

  • Ludlow

    The Greeks should be commended for giving the Krauts and the EU a bloody nose. I'm only sad for the ordinary people who have to suffer but they're just collateral damage in this whole affair. Once the dust settles, there could actually be physical war and not just economic war.

  • oops

    "It has emerged that British savers could be hit by bank restructures in Cyprus. Laiki Bank, which has three UK branches – one in Birmingham and three in London – is not covered by the FSA compensation scheme, unlike Bank of Cyprus. This is due to a technicality – whereas the Bank of Cyprus UK is a fully blown subsidiary, Laiki's British presence is via branches of the main, Cyprus-based bank. This means British savers in Laiki will get the same deal as their Cypriot counterparts – meaning any deposits more than €100,000 could take a devastating hit of as much as 40pc."

    http://www.telegraph.co.uk/finance/debt-crisis-live/9947568/Cyprus-bailout-live.html

    ahhahaha this is a thing of beauty…yowzers!!! ooph!!!

  • Billy

    I went into a bank in Cyprus to ask about a loan.

    They asked me if they could pay it back in instalments once a month.

  • george

    @Phyllis T

    "stupidity is victorious",,,something like eeeeeha bang

  • Phyllis T.

    To all of you who picked the wrong bank.

    Next time choose a bank in Malta, where the whole banking industry exceeds its GDP 11 times (bank of Valetta is a good one). Or even better choose Luxembourg where the banking industry exceeds its GDP 23 times – Cyprus banking was 7 times its GDP. Here is a handfull list of countries to choose: As I said, Malta, Luxembourg, Monaco, Ireland, Switzerland, Gibraltar, San Marino, Isle of Man and others. But before you make a move have a look at a map and do a bit of research on wheather there are any geopolitical issues involved in those countries, have a look at their availability of resources and the potential international predators, have a look at the neighbouring countries and the alliances they have, because you never know, your hidden money paradise may turn into a nigthmare.

  • Ali

    I am Turk and am so glad that we were kept out of euro by the French and Greek. Now we are smiling its sweet. :)))

  • T

    Seriously, were you drunk when you were writing this crap or you got a fat paycheque for that?
    British Colonialist Thieves & Butchers
    Treasure Islands: Tax Havens and the Men who Stole the World [Paperback]
    Nicholas Shaxson all about UK

  • Do

    Better look how you tax evade in your country and how you have made money laundering into a PhD and then talk for others. You are lame.

  • Phyllis T.

    I have answered to you Rupert Maplethorpe

  • Turk

    Götveren Rum orospu piç anani eşek siksin….

  • Phyllis T.

    @Rupert Maplethorpe

    The Cyprus problem was originally a colonial issue and then it was turned to a Greek – Turkish dispute because the English government saw a political threat rising from the right of the people to self determination. It was the only way to keep a law profile (and not get their asses kicked out from the foreign land) and at the same time play the role of the protector of Cyprus, i.e justify their presence by the division they mediated. Greece and Turkey have a long history of hostility, it was not difficult to take advantage of the situation and put the eternal rule of DIVIDE AND CONQUER to work to their advantage. Northern Cyprus is OCCUPIED and MILITARIZED by the turks and
    no-one dares to speak. Cyprus is the only European country which is halved by invadors and everyone turns a blind eye to this. That's the beauty of belonging to Europe.
    If you want to look at this with an objective eye, then fair enough, If not, there is nothing I can do about it.

    An excerpt from a report of the European Commission of Human Rights adopted on July 10, 1976 prepared by 18 oustanding jurists and chaired by Professor J.E.S. Fawcett after a year's research into the consequences of the Turkish invasion .

    The report states :

    Mass rapes

    Relevant Article of the European Convention on Human Rights: 'No one shall be subjected to torture or to inhuman or degrading treatment… (Article 3).

    Charge laid against Turkey: Turkish troops were responsible for wholesale and repeated rapes of women of all ages from 12 to 71, sometimes to such an extent that the victims suffered haemorrages or became mental wrecks. In some areas, enforced prostitution was practised, all women and girls of a village being collected and put into separate rooms in empty houses where they were raped repeatedly. In certain cases members of the same family were repeatedly raped, some of them in front of their own children. In other cases women were brutally raped in public. Rapes were on many occasions accompanied by brutalities such as violent biting of the victims causing severe wounding, banging their heads on the floor and wringing their throats almost to the point of suffocation. In some cases attempts at rape were followed by the stabbing or killing of the victims. Victims included pregnant and mentally retarded women.
    Turkey's defence: No answer was given to these charges and Turkey boycotted the Commission's proceedings once her jurisdictional objection was rejected. Commission's verdict:
    'The evidence shows that rapes were committed by Turkish soldiers and at least in two cases even by Turkish officers, and this not only in some isolated cases of indiscipline. It has not been shown that the Turkish authorities took adequate measures to prevent this happening or that they generally took any disciplinary measures following such incidents. The Commission therefore considers that the non-prevention of the said acts is imputable to Turkey under the Convention.
    The Commission, by 12 votes against one, finds that the incidents of rape described in the above cases and regarded as established constitute Τinhuman treatmentΥ in the sense of Art. 3 of the Convention, which is imputable toTurkey (Report, paras. 373-4).

    h-p://www.kypros.org/Cyprus_Problem/Turkish-Atrocities.html#4

  • Alfie

    Calm down love it's only the internet..hahah

  • Phyllis T.

    @Brody

    Our fault is that we are electing the same crooks over and over again.
    But tell me what is happening in YOUR country?
    Do you have descent options or are you trapped in a 2 side coin?
    Do you think that your country will be left out of this?
    When this thing knocks at your door don't look for sympathizers.
    And YES we forgot our old values.

  • Rupert Maplethorpe

    "In 1974, the turks INVADED CYPRUS following the orchestrated coup (by foreign hand) in Greece few months before."

    The Turks were defending their people from the Greek genocide and ethnic cleansing. Any country would have done the same.

    ______________________

    Confessions of former EOKA member:

    67-year-old Andreas Dimitriu says men in a Turkish Cypriot village were killed and women were raped by Greek Cypriot soldiers and members of his underground group three decades ago

    A former member of a Greek Cypriot underground group defending the unification of the island with Greece has confessed in remarks to the media that the group, along with Greek Cypriot soldiers, had raped women and killed men of a Turkish Cypriot village during a campaign of attacks on the Turkish population of Cyprus three decades ago.

    The group, the National Organization of Cypriot Fighters (EOKA), launched attacks on Turkish Cypriots during the 1960s and early 1970s in a violent campaign aimed at enosis, or unification of Cyprus with Greece. Andreas Dimitriu, a 67 year-old Greek Cypriot who was a member of EOKA-B, an offshoot of EOKA, during the period of ethnic violence on the island, confessed in a media interview that he had helped to gather men of the Turkish Cypriot village of Tohni (Taşkent) in a coffee house.

    The men were later taken away by EOKA-B members entering the village, and all but one male Turkish Cypriot had been killed, Dimitriu told Greek Cypriot newspaper Alithia on Sunday.

    He, however, said that he was unaware that the Turkish Cypriot men were to be killed and that he learned their fate a few days afterward.

    Turkish Cypriot women of the village were then raped by Greek Cypriot soldiers seeking revenge on Turkish Cypriots, he also said.

    “Such things were happening at that time. What did we do that was different from what was going on all over Cyprus?” he asked.

    The confessions came after a Turkish Cypriot woman who had survived the Greek Cypriot violence in Taşkent village identified Dimitriu during an earlier interview with the same newspaper as the person who had taken away her father.

    Her father was among those killed by EOKA-B members in the village.

    Dimitriu said he had thought the men rounded up in the village's coffee house would be held captive in order to get some Greek Cypriots held by Turkish Cypriots released and said that he had no idea that these men were to be killed.

    “We were given the instruction to round up all the men capable of fighting to be used for the exchange of Greek Cypriot captives. We did whatever we did together with the legal forces of the state,” Dimitriu said.

  • Phyllis T.

    @Klaus, Berlin

    You german amoeba learn that Greeks work more hours than you, have produced the most brilliant minds and if it wasn't for us you would still be climbing the trees.
    Your nation has been the USEFULL IDIOT of the superpowers and like the previous wars you messed up the whole world. You are born to be the usefull bully, thats your contribution to humanity.
    As soon as we were mischievously placed in the IMF your clown Merkel visited us to cut her deal.
    You are running out of money and you are looking for our minerals and our oil in the Aegean Sea you thieves. You and your relatives the turks, who almost everyday violate our airspace and waters act like starving criminals. You want South Europe to work for your cold arrogant asses. Bring them down here then and we will give you a once in a life time treatment.
    .

  • Brody

    @ Phyllis T.

    It's never your fault is it. The same thing with mainland Greece they are never at fault either. You Greeks are the perfect race and country. Nothing is ever your fault.

  • Anonymous

    I PUT MY RETIREMENT MONEY INTO YOUR STUPID BANKS AND STAND TO LOSE EVERYTHING. I CANT PUT INTO WORDS HOW YOUR IDIOTIC CYPRIOT GOVERNMENT ARE STIFFING EVERYONE. I WANT MY MONEY BACK NOW OR THERE WILL BE HELL TO PAY. MARK MY WORDS.

  • Phyllis T.

    Angela,

    there are also a lot of Greeks and Cypriots who have been hurt from this incident. I have a friend who has 2 kids, she lives in Cyprus and the banks are closed and she has no money to feed them because some bullies want to blackmail them. She doesn't have the luxury to have an overseas account because she is a middle class worker who wants to raise her family. Why should her money be taxed? What is your point and how is that related to taxes anyway? Do you think that its yours, ours, responsibility to pay for the crooked banks and the crooked governments?

    Did you know that many Greek tax evaders (among other nationalities) ARE PRPOTECTED BY THE ENGLISH LEGAL SYSTEM and are not handed over to Greek authorities?

    Why don't you look at YOUR GOVERNMENT which gives asylum to all of the criminals to get their money? Did you know that YOUR GOVERNMENT sells English Real Estate and provides all kinds of services (i.e. money laundering) to criminals worldwide? You specialize in laundering funds from the Mexican, Colombian, Peruvian, Russian, Polish, Czech, Nigerian narco-kings and Albanian white slavers. h-p://petras.lahaine.org/?p=1913

    THAT MAKES ME VERY UPSET Ms Angela but I have the descency not to blame you, not to fall for the media crap that wants to turn us against each other. That's called DIVIDE AND CONQUER and you fell for it. The only thing I can do is feel sorry for you and nothing else.

    As for The Daily Squib,
    YOU ARE UNBELIEVABLY DISCUSTING.

    You give a really good reputation to your pretentious nation that's for sure.

  • Theo

    German nazis need to be gutted like our Greek heros gutted the Turkish women and children with a rusty blunt knife.

  • Klaus, Berlin

    Greek cypriots are peasant sheep herders what do you expect from you. Go look after your olive tree you idiots you know nothing about banks or high finance.. If it wasn't for us Germans keeping you in the money you would be bankrupt long time ago. Greeks are worse then Turks your lazy at least they WORK!!!. You crossed us too many times. Now you get it. Bend over.

  • go to hell

    british go u messed up our island it belong to greek only!

  • I.PAUL

    I dont really know where to start from. The so called journalist (my ass) that his knowledge in history is worse than a 6 year old?? But what can you expect form a country that calls a museum British where nothing british is inside it, you mugging little nothings!!!!!
    As about Angela, the Gereeks ( you moron) and especially the Cypriots ( a small tip, they are Greek too) have paid their taxes. Let's see how many British criminals are hidding their money in Cyprus!!
    By the way, are you still paying benefitsin lazy little sluts having babies at 16 and doing fuck all!!!

  • Angela

    Actually there is a lot of British people who have been hurt by your banks in Cyprus. If you Gereek had paid your taxes in the first place you would not be in this situation and taking everyone else down with you. Makes my blood boil.

  • epicus

    hahahahahaha!!!! What a bullshit! Obviously it's an English article!!! Gunther Meinhoff you consider yourself a "journalist" ???? hahahaha!!!

  • NICOS

    ENGLISH SCUM YOU ARE WURSE THEN TURKS WE SPIT IN UR FOOD UR EGG AND CHIP! COME TO AYA NAPA WE FUK UR LOOSE WOMEN THEN THROW THEM INTO STREET! CYPRUS WAS ALWAYS GREEK ! IT IS LAND OF APHRODITE ! IT WILL ALWAYS BE GREEK. NO SCUM MONGOL TURKS WE WILL THROW U INTO SEA!!!

  • Phyllis T.

    "The Assyrians were the first recorded civilisation to claim Cyprus and were the original inhabitants of the island"

    "The Assyrians first took the island in 721 BC, and then the Egyptians in 570 BC then later on by the Persians around 545 BC. "

    "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"

    WHAT A LOAD OF CRAP FROM AN ENGLISH COLONIALIST BULL..

    According to archaeological findings its history dates back TEN THOUSAND YEARS.
    ZEUS CAME FROM KYPROS!! The 12 Gods of Olympus were worshiped (temple of Aphrodite in Pafos), and from Cyprus the philosopher Zenon of Citium opened the philosophical school of Stoicism in Athens. Then followed the Roman and afterwards the Byzantine era. During the Roman era we had the first Christian Roman leader in an island ( the Roman proconsul, Sergius Paul who was converted to Christianity by Paul and Barnabas when they visited Pafos). Then came the Franks, the Turks and the English. In 1953 (officialy started in 1955), the liberation struggle commenced against the english tyrants (who like to pork their noses into other peoples business) and many young Greek Heroes were murdered by the English.

    see an english criminal here with a gun pointed on Greek children and admire your pompous civilization
    h-p://pemptousia-2.wpengine.netdna-cdn.com/wp-content/uploads/2011/08/A11-copy1.jpg

    In 1974, the turks INVADED CYPRUS following the orchestrated coup (by foreign hand) in Greece few months before.

    here is a photo of the first turkish paratroopers who initiated the attack, taking a shot on Cyprus land with the turkish flag
    h-p://www.agrino.org/greeklibrary/projects/cyprus1974/images/invasion/parachuters_w_t_flag_300_sm.gif

    here is Ammohostos (Famagusta) bombarded by turkish airplanes (the main objective was to promote ethnic cleansing and separate the two communities)
    h-p://www.agrino.org/greeklibrary/projects/cyprus1974/images/invasion/famagusta_bombings_300_sm.jpg

    THE TURKISH OCCUPATION OF NORTHERN CYPRUS AND YOUR MALEVOLENT COMMENTS ABOUT CYPRUS ARE NO COINCIDENCE.