Archbishop Chrysostomos Demetriou of Nova Justiniana and all Cyprus said that his country should withdraw from the EU, as the EU would cease to exist in the future, as its coming apart. Vladyki Chrysostomos said in an interview with Pervy Kanal (Первый канал: Channel One), “Currently, the economies of Spain, Portugal, and Italy are in danger. If the Italian economy goes down, just like our economy, the EU won’t withstand it. The people who rule the EU, particularly, those making decisions in the so-called troika, don’t understand many things; that’ll lead to the collapse of the EU. This is why I believe we [Cyprus] should withdraw from the union before the collapse takes place”.
On Monday, the finance ministers of the 17-nation Eurozone agreed to a 10-billion Euro (399 billion Roubles. 12.9 billion USD. 8.5 billion UK Pounds) deal for Cyprus to rescue the island nation and its oversized banking sector from financial collapse. The new deal forces the holders of accounts of over 100,000 Euros (3.99 million Roubles. 128,400 USD. 84,300 UK Pounds) to take losses that could amount to 30 to 40 percent of their deposits. The ministers expect the new deal to yield some 4.2 billion Euros (137.5 billion Roubles. 5.4 billion USD. 3.5 billion UK Pounds) to allow Cyprus, which is currently teetering on the brink of default, to obtain 10 billion Euros in financial aid from the troika of international lenders. The so-called troika of creditors are the International Monetary Fund, the European Commission, and the ECB.
31 March 2013