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Are Cypriots Second-Class Citizens?

March 21st, 2013 - 11:53 am

Little Cyprus, with all of a million citizens, may be the straw that breaks the 16-nation eurozone’s back:

The willingness of Cypriot lawmakers to defy Brussels and vote down their proposal sets a precedent that will rally anti-austerity and anti-euro forces throughout southern Europe.

Mainstream parties in Greece and Italy and Spain that have toed the Brussels’ line will have to stiffen their spines or see their support eroded even further.

Most important, though, is that southern Europeans now have the clearest evidence so far that certain northern European countries view them as second-class citizens.

All eurozone members are equal, of course. But some are more equal than others.

Snark aside — that’s true. German taxpayers have already been fleeced, because it’s their savings and their national budget, paying for much of the bailouts of the EU’s southern periphery.

Before that however, souther EU workers were the ones getting fleeced by German corporations, as the too-strong euro kept them even less able to compete with more-productive workers in Germany and the north.

And before that, the Germans had to give up their rock-solid Deutschmark, and good chunks of their national sovereignty, as the price for reunification.

In other words, the euro was a giant massive clusterfudge right from the start.

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"Most important, though, is that southern Europeans now have the clearest evidence so far that certain northern European countries view them as second-class citizens." What a load of bilge. The northern countries have been carriyng the southern countries for a while now. The Germans have every right to have become impatient with those who lack financial self-discipline.

As for the "strong Euro" making it more difficult for the southerners to compete, that's their problem. The strength of the Euro came from German ability & talent, as opposed to the corrupt kleptocracy featured in the south.

I have little sympathy for the Cypriots, as they allowed their entire banking system to become a gigantic money-laundering operation for the Russian mob.

Delamaide also claims that "The whole basis for European integration after two destructive wars was to co-opt the powerful German economy into a shared prosperity. " Um, no. European integration was based on the recognition that Europe faced major barriers if they wanted to compete with the larger political/economic groups which emerged after the war; mainly the USA, USSR, and China.

But don't mind me; I tend to side with folks like Daniel Hannan, who think that the second word in NAFTA should be "Atlantic."
1 year ago
1 year ago Link To Comment
The Cypriot people are peasants. The Cypriot gov. leadership are lesser nobles to their lieges in Brussels.

/view from Belgium
1 year ago
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