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Former Cyprus Central Bank Head Slams ‘Blackmailing’ European Leaders

Posted By admin On March 19, 2013 @ 11:48 am In Featured Stories,Tile | Comments Disabled

Zero Hedge
March 19, 2013

In a brief 30-second clip during a Bloomberg TV interview, none other than Anthanasios Orphanides, the former Central Bank of Cyprus Governor, explains the terrible reality of what just happened in Europe: “What we have seen in the last few days is a very serious blunder by the European governments that are essentially blackmailing the government of Cyprus to confiscate the money that belongs rightfully to the depositors in the banking system in Cyprus.” He then concludes quite clearly, “It is not clear how this can affect in a positive manner the European project going forward.” The Cypriot then goes on to explain how the EU is making a mockery of the idea of a banking union…

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On Cyprus being blackmailed.. - link [1]

and on the EU making a mockery of the banking union – “In order to keep the European Union together, they needed to form a banking union, which meant they needed to have a common credible deposit insurance guaranteed for everybody in the euro area…” - link [2]

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URL to article: http://www.prisonplanet.com/former-cyprus-central-bank-head-slams-blackmailing-european-leaders.html

URLs in this post:

[1] link: http://www.bloomberg.com/video/eu-blackmailing-cyprus-government-orphanides-BHwGo6fQS6K_53m0i3cmSg.html

[2] link: http://www.bloomberg.com/video/eu-making-a-mockery-of-banking-union-orphanides-Ssl75SA7TtWpXiZIGvtdNA.html

[3] Cyprus MPs vote down government raid on private bank accounts in defiance against IMF and EU central bank: http://www.prisonplanet.com/cyprus-mps-vote-down-government-raid-on-private-bank-accounts-in-defiance-against-imf-and-eu-central-bank.html

[4] The Rape Of Cyprus By The European Union & The IMF: http://www.prisonplanet.com/the-rape-of-cyprus-by-the-european-union-the-imf.html

[5] Cyprus crisis: limits on bank withdrawals to last ‘about a month’: http://www.prisonplanet.com/cyprus-crisis-limits-on-bank-withdrawals-to-last-about-a-month.html

[6] MOODY’S: Even With The New Deal, Cyprus Could Still Default And Leave The Euro: http://www.prisonplanet.com/moodys-even-with-the-new-deal-cyprus-could-still-default-and-leave-the-euro.html

[7] The Great Cyprus Bank Robbery: http://www.prisonplanet.com/the-great-cyprus-bank-robbery.html

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