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Communist President of Bankrupt Cyprus to Assume EU Presidency

Wednesday, June 27, 2012 15:34

% of readers think this story is Fact. Add your two cents.

The headline to this post is true. Even this blogger could not have made that up!

Read the whole horror story from the Sydney Morning Herald, linked here.

Surely even the most died in the wool EU federalist fanatic or corrupt apparatchic who has been raking in the benefits for years must now realise that the horror story the EU has become, MUST be brought to a close before this weekend, when to quote the Australian newspaper just published the following id due to occur:

When Cyprus takes over the EU’s rotating presidency on Sunday, it will
have one qualification that could help endear it to the crisis-weary
bloc and its 495 million citizens: it, too, is nearly broke.

The country was forced on Monday to request a bailout for its ailing
banking sector from the group of nations it is supposed to lead.
Economists estimate Cyprus needs as much as $12.5 billion to shore up
its public sector and banks.

Only hours before, its communist President, Demetris Christofias, had
attacked the EU, saying the European Commission, the European Central
Bank and the International Monetary Fund had operated like a ”colonial
force”.

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