VANISHING CYPRUS
By
Andreas C Chrysafis
April, 2013
(No40) ©
Economic
Assassins
Cypriots by
all accounts are a resilient people; more resilient than people recognize,
and yet, one wonders why this small island has never enjoyed peace!
Disraeli, the first Jewish minister of Britain described Cyprus to Queen
Victoria in 1878 by stating that: “this jewel of the Med is the key
to western Asia” and wanted to formulate the island as a “defensive
dyke”. Those words describe precisely the very reasons as to why
Cyprus has been geopolitically doomed and in constant turmoil. Like a wake
of ravenous buzzards, everyone wants bits of its entrails.
Today,
Cyprus is not only a vital military “defensive dyke” but is
also a financial center attracting billions worth of transactions. This
economic miracle has provoked envy and even resentment in some EU
member-states, but primarily to Germany. Subsequently, the recent
discovery of vast quantities of natural gas - estimated at €500 billion
if not more - has exacerbated the urge to move against a vulnerable
Cyprus; the island has suddenly become the ideal trophy! For no other
reason, dark EU forces lurking in dark corridors, have devised an
unpalatable scheme and come up with a devious plan: Debtocracy!
Reduce the nation to a pauper state through asphyxiating crippling loans
and then it can be manipulated in any shape and form. Crashing its economy
was a good start…
Unfortunately,
the Cyprus government failed to read the danger signs until it was far too
late. On the near-verge of bankruptcy, it was obliged to approach the
Euro-Group lenders for a bailout. Last
year, it was established that a staggering €17 billion was needed for
Cyprus to remain in the Eurozone. Troika jumped at the opportunity to test
its “innovative” radical new program devised under a shroud of
secrecy. Advocated by both Germany and the ECB they put into action a most
devious plan against the island and cunningly gave their “approval” to
a €10 billion loan - out of €17 billion required. Under pressure,
Cyprus agreed to raise the rest in compliance with Troika’s strict
instruction. The trap was
then set!
As a prelude
to the final act of betrayal, a campaign was initiated to spin the real
facts of the crisis – one of them being the ECB’s own funding of up-to
€10 billion shortfall to a failing Cyprus bank! ECB’s financial
misconduct had caused an economic tsunami and helped to trigger the
collapse of the Cyprus banking system. Money laundering accusations soon
began to spread around the world to scare off investors and the slurring
continued with a vengeance. Those unfounded accusations of money
laundering – mainly directed against Russian investments - were fervidly
debated in EU parliaments but especially in Germany where an election
climate existed. George Soros “the man who broke the Bank of England”,
said in a speech last week that: “In
the bailout of Cyprus, Germany went too far and Cyprus was a tremendous
political victory for chancellor Merkel.
Bad rumours instantly caused an irreparable damage to the
nation’s economy and credibility. Its credit rating took a nosedive to
junk status making it impossible to raise loans on the open market. By
then, Cyprus had become the chunk of cheese caught in a trap to be nibbled
away by friends and foes!
The European
Central Bank then tightened the screw up forewarning that it would cut off
all funding to the Cyprus banks and force its financial institutions into
bankruptcy. The gloom and doom scenario has sent shockwaves across the
nation fearing that Cyprus will be Troika’s next victims to experience a
similar fate as Greece. It was to be worse than that!
The EU-Troika
finally announced its most devious plan ever: to raid peoples’ bank
accounts! In fact, loans suggested for Cyprus were specifically drafted to
provide EU-Troika dominion over the island’s affairs with one aim in
mind; to exploit and control not only the entire nation but also its
natural gas! Troika’s Mnimonio was certainly not like a typical loan
agreement. It was to be a long-term sovereign financial commitment to last
as long as 30 years and could not be cancelled or repaid until its
maturity date. Meanwhile Troika was given the right to dictate national
policies that are sacrosanct to a sovereign nation. The result of that
clever but illicit Troika maneuver, an Economic Dictatorship (or Colonial
Capitalism) has been introduced for the first time against another EU
member-state! In a sense, Cyprus has become a test case and a guinea pig.
This
economic rape against Cyprus is not so new. It was clandestinely applied
by the USA in Latin American countries, Iraq, Saudi Arabia and other
oil-gas-rich -countries during the 60’s and onwards. As a result of
those covert activities executed by highly trained American agents (known
as economic hit-men and the likes of a self-confessed John Perkins) some
of those countries today, co-exist in utter poverty with massive national
debts that can never be repaid. Subsequently, the ploy of loan-dependency
continues to no end.
It is most
probable that highly trained Troika economic assassins composed of bankers
and accountants have applied a scheme of equal magnitude against the
Republic! Euro-group chief jackal, Jeroen Diisselboem revealed EU-Troika’s
long-term objectives at a press conference. He stated: “Troika’s
decision on Cyprus was a “template” of things to come and for how
other Eurozone countries in trouble will be dealt with in the future”.
The news of robbing peoples’ bank accounts has send shock waves across
the world recognizing that depositors’ money will no longer be safe in
banks! In Spain and Portugal, people held mass demonstrations in
solidarity with Cyprus fearing they were next in the firing line.
Never before
were a group of inglorious bankers granted absolute dominion over of the
affairs of a nation for a simple loan. In the case of Cyprus, the transfer
of the right to dictate policy to those EU economic jackals will prove
disastrous for many years to come. Many renowned economists such as Paul
Krugman, the Nobel Prize-winner economist advised that: “Cyprus
should leave and abandon the Euro immediately in order to save its
economy”. The Archbishop of Cyprus and many other prominent home
economists have added their own names on such a demand. In fact it
is more prudent to default, drop the Euro altogether and return back the
Cyprus pound in order to regain the ability to devalue the currency when
necessary. This will make Cyprus more attractive as a tourist destination;
will boost exports; make products more affordable; generate investments
and become competitive on the international market. Such a move will then
propel Cyprus into prosperity instead of being strangulated by oppressive
Troika loans. It maybe hard
temporarily but not as hard as coping with EU-Troika’s long-term
austerity demands.
Raising
money under the terms of Troika, will for certain cause chaos and misery
for thousands of citizens, increase unemployment, trigger a mass exodus of
young professionals to foreign lands, investors will take off, while
industry will stagnate and be crippled by high interest rates and home
repossession will hit the roof to no end. Cypriot Politicians believe that
this kind of misery inflicted against the people is “a price worth
paying to retain the Euro”. This is madness! Sadly, that is precisely
what Cypriots will have to look forward to in the future; austerity and
more hardships as long as Troika controls the reins of power!
Yet, a
misguided Anastasiade’s coalition government wasted no time to express
its preparedness to sign the Mnimonio agreement. Within a few days of
winning the elections, on March 16, 2013 he hastily committed the nation -
a complete U-turn from his election promises! Without hesitation he
accepted Troika’s entire rescue package and agreed to raid 40-50% of
people’s savings and bank accounts. The issue was never debated in
parliament and neither was it put to the vote under the terms of a
Referendum. Elected dictatorship has not only been imposed in Cyprus but
it’s also being supplemented by economic dictatorship; a double whammy!
The cycle of deceit continued. No sooner had the government given its full commitment, the pre-determined figure of the rescue packaged surprisingly jumped to a staggering €23 billion within a few days. It is now feared that this amount will double by the time Troika applies its final master-plan against Cyprus and does so strategically, just like peeling an onion – bit by bit - so the tears and hurt will not pour in buckets! Cyprus now needs to find €13 billion rather than €7 billion. Obviously, the government will raise that from additional crippling taxation and selling all, like the gold reserve, which George Soros called Cyprus as “idiots” for doing that.
Before this
financial abyss is over, Cyprus will also face new blackmailing tactics
from Troika; the right to influence, demand and impose its own political
solution to the Cyprus problem based on some kind of a pseudo-federation.
The trap of Troika’s geopolitical and economic colonization of the
island will then be sealed shut!
Just like
Nero, who happily recited shallow poetry when Rome was burning to the
ground, so did the pro-European president and his party, extol EU
greatness and vowed absolute commitment to this supranational institution.
They did so, while knowingly the country’s foundations were scorched and
razed to the ground. Sovereign democracy was now been eroded and replaced
by an authoritarian rule, as citizens are sidelined and important
decisions are made affecting their lives.
Historically,
Cyprus has entered a dangerous new era and will never be the same ever
again. The future looks ominous and it will take a strong decisive
leadership with a great foresight and vision to steer it through the maze
of landmines set by others to destroy its mere existence as a Republic.
For Cypriot standards, that is a rare commodity indeed! Disraeli was
right. This Jewel of the Med will never enjoy peace…not unless a miracle
happens and yet; sometimes people do make miracles…!
Author
of:
WHO
SHALL GOVERN CYPRUS – Brussels or Nicosia? -Political
analysis
ANDARTES
- a revolutionary riveting novel
PORPHYRA in PURPLE - a metaphysical spellbinding novel
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