from The Daily Bell:
Now that the crisis in Cyprus has passed, we can finally admit the obvious: The “crisis” it provoked did not deserve the attention it received. Cyprus makes up a fraction of one percent of the European Union‘s GDP and it’s a backwater for sketchy Russian dealings. If Cyprus had drowned in a sea of Mediterranean debt, the Eurozone would not have gone under with it. – Reuters
Dominant Social Theme: Cyprus might have brought down the euro if the crisis were not averted.
Free-Market Analysis: This is a very revealing article posted at Reuters that comes out flatly and says the Cyprus crisis was overblown on purpose because otherwise sufficient pressure could not have been generated by the world community to change Cyprus’s behavior.
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