Caught Between A Rock And A Russian

Cyprus rejects bailout deal;

The Cypriot parliament has thrown out a controversial plan to skim €5.8bn from savers’ bank accounts, in a move that risks plunging the eurozone into a fresh crisis and heightens expectations that the cash-strapped nation will seek a funding lifeline from Russia.
Cyprus has just 24 hours to find a solution to its funding gap before its banks are due to reopen following the dramatic no vote on Tuesday night, which failed to support a hastily renegotiated change to the original deal.

Dennis Gartman; (via Money Talks)

“… of course Cyprus was complacent about laundering. To think otherwise was and is naïve. Ah, but now you’ve stolen Russia money… or soon shall depending upon the vote in the Cypriot parliament… and that is dangerous… very. One does not steal Russian mafia money and get away with it. There are fewer statements of fact that are more certain, more factual, more unyielding than this statement. Russian Mafia figures do not take well to being stolen from, and they take even less well to be made fools of. We see no reason to mince words at this point: People will be hurt over this decision; some shall be killed.”

Nigel Farage has advice for Europeans:

(Meanwhile, in Canadian mainstream news…)

A New Pope, A New Target of the Far Left

After the appointment of Jorge Mario Bergoglio as Pope Francis, one would naturally think that most Argentineans would be happy that one of their own was now the head of one of the largest religions in the world. But not so if you’re a member or supporter of a Far Left government, such as is in control of Argentina today.
Looking back at history, the Catholic Church has always been on the enemies list of Far Left governments. Such was the case with Pope John Paul II, who the Polish people loved, but who was hated by the communist government in power there at the time.

Y2Kyoto: State Of Anorexia Envirosa

Germany Forced to Cancel Climate Programs;

[T]he Environment Ministry is set to cancel several flagship subsidy programs this month — programs that were to be key elements of Germany’s transition away from fossil fuels and towards complete reliance on renewables.
Environment Minister Peter Altmaier, a member of Chancellor Angela Merkel’s conservative Christian Democrats, is set to cut the program aimed at promoting electric cars, a fund for research and development of energy storage technologies and a third program focused on protecting and expanding forestland in Germany as a way to absorb more CO2 out of the atmosphere. In April, further programs are on the chopping block, according to an internal ministry document seen by SPIEGEL. In total, 14 programs or one-time measures are affected.

h/t Fred

Reader Tips

In tonight’s entertainment en route to the Tips a group of locals gather in the Ferryman Pub in Dublin, Ireland, for a performance of The Bucks of Oranmore and Come West Along The Road.
And who knows, maybe the bodhran player will put down his instrument and start dancing.
The comments are open, as always, for your Reader Tips.

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