Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 3 Share on Twitter 1 Printer Friendly Page More Sharing
OpEdNews Op Eds   

Cyprus Update

By       (Page 1 of 9 pages) (View How Many People Read This)   1 comment
Author 194
Message Stephen Lendman
Become a Fan
  (192 fans)

This piece was reprinted by OpEdNews with permission or license. It may not be reproduced in any form without permission or license from the source.

Cyprus Update

by Stephen Lendman

Cypriots face harder than ever hard times.

It's all over but the post mortems. Eurocrats demanded their pound of flesh. Cypriot officials surrendered. 

They sold out their people. They deserve better. Expect greater than ever hard times. Expect growing poverty, unemployment and despair. Expect public anger. At issue is whether it'll bubble up and explode.

Zero Hedge headlined "Next Up For Cyprus: Depression." It forecasts real GDP declining over 20% by 2017. "Risks are clearly on the downside." Ahead expect more bailout help needed.

With tongue in cheek perhaps, European Commission economic chief Olli Rehn said "It's clear the depth of the financial crisis in Cyprus means the near future will be very difficult for the country and its people."

He omitted saying Cyprus' trouble is protracted. Ordinary people will suffer most. Responsible solutions weren't chosen. 

Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7  |  8  |  9

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

 

Rate It | View Ratings

Stephen Lendman Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

[My newest book as editor and contributor is titled "Flashpoint in Ukraine: How the US Drive for Hegemony Risks WW III." www.claritypress.com/LendmanIII.html]

Stephen Lendman was born in 1934 in Boston, MA. In 1956, he received a (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert

To View Comments or Join the Conversation: