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04 March, 2014

Cyprus fell as expected

Cyprus's parliament approved plans for privatizations on Tuesday, averting a showdown with international lenders who insist on state selloffs as part of a 10 billion-euro ($13.77 billion) bailout.
In a show of hands, 30 lawmakers in the 56-member parliament endorsed a guideline for asset sales just before a deadline for approval expired on March 5.
Parliament's rejection of an earlier privatization motion on February 27 risked derailing the bailout accord with the European Union and International Monetary Fund in March 2013.

Left-wing parties rejected the plans, which call for converting the island's electricity, telecoms and ports utilities into joint-stock companies and seeking out strategic investors. It was supported by the ruling right-wing Democratic Rally party and a centrist party.

As Cyprus has left alone, it was a matter of time to vote for this bill. The road for the neoliberal dictatorship has now totally opened. The nightmare of IMF is about to arrive and Russians are now out of the game in the area for good.

See also:

http://failedevolution.blogspot.gr/2014/02/another-lesson-from-brave-cyprus.html


"... the decision aims to hit the Cypriot-Russian relations, as it will hurt Russian interests concerning the exploitation of energy resources in the region. Moscow reacted strongly against the possibility of haircutting Russian deposits in Cypriot banks. At the same time, EU partners will press Cyprus to “open the door” of its energy resources exclusively to the western big companies. A recent statement of the Greek prime minister Antonis Samaras - who is also a prisoner of debt to European creditors and US-influenced IMF – speaking about a unified European Exclusive Economic Zone, is pointing the way towards the unification of Greek and Cypriot EEZs and widening the field of potential reserves in the south-east Mediterranean for exploitation from the same companies."

http://failedevolution.blogspot.gr/2013/03/the-new-big-trick-of-neoliberal.html

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