For Cyprus, The Pain Is Only Just Starting

For Cyprus, The Pain Is Only Just Starting

Submitted by Tyler Durden
04/01/2013
http://www.zerohedge.com
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If the suffering, yet docile, Cypriot serfs thought deposit confiscation would be the end of their problems under the European feudal system, they are about to be shocked.

Because as part of their banking sector bailout, the country is set to get a “loan” from the Troika, a loan which comes with a Memorandum of Understanding, aka a “blueprint for austerity”, with dictates terms for government revenue increases and spending cuts (of the variety that nearly caused America’s leader to blow a gasket when he was describing the untold devastation that would result if the rate of acceleration in US budget spending dared to be slowed down even by a tiny bit).

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Please click the link to see the complete article.
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About ace5ace

60, roaming the Ozarks.
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