As a follow-up to my earlier piece, http://bit.ly/10eEC8Q regarding the state-theft of deposits in Cyprus, the BBC is now finally starting to focus on the victims of the theft of deposits and, lo and behold, they are not all Russians evading tax or the law in their homeland.
The victims include the Junior and Senior school of Nicosia, which teaches the British Curriculum to 900 children. They apparently charge fees in advance and have these deposited in Laiki Bank. Since they have more than €100K on deposit they will lose upto 60% of this! So, teacher's salaries won't be paid and children will maybe go without an education.
In possibly the greatest irony, one university has €6 million in grants, locked into a bank and so will lose 60%. The irony? This is a grant from the EU!!
And all the while it seems, local politicians and other 'leaders' have had their loans from the affected banks, written-off in recent years.
Truly, one rule for them and another for the rest of us.
We used to look at the communist-bloc countries and pity the people who suffered under them. The people of Cyprus, Greece and Spain, that are now suffering under the statist EU, might wonder what the demolition of the Berlin Wall, really meant and exactly how 'winning the Cold War' has provided them with any benefit.
The victims include the Junior and Senior school of Nicosia, which teaches the British Curriculum to 900 children. They apparently charge fees in advance and have these deposited in Laiki Bank. Since they have more than €100K on deposit they will lose upto 60% of this! So, teacher's salaries won't be paid and children will maybe go without an education.
In possibly the greatest irony, one university has €6 million in grants, locked into a bank and so will lose 60%. The irony? This is a grant from the EU!!
And all the while it seems, local politicians and other 'leaders' have had their loans from the affected banks, written-off in recent years.
Truly, one rule for them and another for the rest of us.
We used to look at the communist-bloc countries and pity the people who suffered under them. The people of Cyprus, Greece and Spain, that are now suffering under the statist EU, might wonder what the demolition of the Berlin Wall, really meant and exactly how 'winning the Cold War' has provided them with any benefit.
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