Thursday, March 21, 2013

The mouse that roared

Yves Smith has comprehensive report 'Cyprus: Will the Mouse that roared be Gored?', from money laundering and arms trade to Nato bases. As some of the comments point out, some of the points not covered are "The UK has a large money-laundering and tax-free system explained in Vanity Fair this month. It is independent from the UK government. Perfect to process the overseas money even from Russia while maintaining their air base in Cyprus. Perhaps the EU will have new respect for the global implications of their financial instability." "Cyprus and Iceland demonstrate that it is easier to impose unpopular, and unjust, antisocial measures in larger countries. Why?" "...the Archbishop of Cyprus formally placed the entire wealth of the Greek Orthodox Church of Cyprus at the government’s disposal this morning..." etc

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