Beware the Troika bearing gifts
NO ONE can have any illusions about how the European Union works and what it serves after reading the details of the latest “rescue” package for the Cypriot banks. The deal includes the usual draconian mass privatisations and the slashing of state welfare. But this time there’s going to be a new arbitrary levy on individual savings that could easily be imposed on other member states when they next come crawling to the “troika” of the European Central Bank, the EU and the International Monetary Fund for another loan.
Read the full story here >>
[ Beware the Troika bearing gifts ]