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After ECB’s silent coups against Ireland and Italy, Frankfurt will keep sending ultimatums to the eurozone governments. If they don’t bailout the banks, or impose austerity, it threatens to sink the economy into chaos by cutting liquidity. The pretext is always the huge public debt. But when Cyprus’ turn comes, there is a ‘slight’ problem: Cyprus did not have a significant debt.
http://failedevolution.blogspot.gr/2016/12/ecbs-silent-coups-next-victim-cyprus.html