The members of the Cypriot Parliament overwhelmingly told the EuroGroup to take a hike on March 19.
The secret group with no official name and no official power thought it would force the government of Cyprus to impose a tax on all bank depositors . . . “just this once. We promise.”
It was a secret deal made by the gutless Cypriot President of two weeks, who had sworn in his inaugural address that he would never accept such a plan. He was at the time capitulating to it. Then he announced it on Sunday. March 18. “Tough luck, depositors, but I have made a deal. Suck it up!”
The people took to the streets.
Lo and behold, Parliament got the message. No deal, it told the Eurocrats. No deal, it told the President.
Now the EuroGroup will have to cut a new deal. This time, there will be no secret announcement. This time, there will be leaks galore. The whole world is watching.
This is a major setback for the New World Order in Europe. They are barely holding the Eurozone together with promises and fiat money. The voters in tiny Cyprus have called their bluff.
Let’s see what they come up with now. Let’s see how they prevent the bank run that their policies triggered.
They all seem so clever. But this time, a national parliament has called their bluff.
Where is their power now? What rabbit will they pull out of a hat this time?
This is a show worth watching. This beats year-old Downton Abbey on PBS.