Now ‘Armageddon’ supposedly starts – in Cyprus at least

This just in – Cypriot parliament rejects bailout package, not a single yes’-vote.

Things will start to get interesting – is the Cypriotic government going back to the negotiation table or do they say ‘Sod off’ to the Troika? There has been heavy pressure on Cyprus from at least the IMF and the ECB, not to mention Germany. Like I said yesterday, it seems that Germany is becoming more like an insecure bully than a benevolent hegemon, and here are some links to illustrate that.

‘Cyprus – been there, seen that.’ Rather cynical piece, especially regarding the role of Germany.

‘Cyprus – it is not about the numbers’ About the meaning for the Eurozone and German elections of Cyprus.

‘Germany Just Taught The Rest Of Europe Some Tough Lessons About Who’s Really In Charge’ This is unfortunately a very clear message.

 

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