Cypriot protests already forcing concessions from their Government and the Troika
In a statement, Richard Boyd Barrett, Finance spokesperson for People Before Profit/United Left Alliance has said that it would be good for Ireland and Europe if the protests of the Cypriot people forced their parliament to reject the demands of the Troika that the government raid the savings of ordinary citizens, in exchange for a so-called “bail-out”.
Deputy Boyd Barrett said, Irish people should take note that the protests of the Cypriot people had already forced their government and the Troika to start re-negotiating the plan to raid the savings of less well-off Cypriot citizens, within days of the plan being agreed.
Deputy Boyd Barrett said a Cypriot rejection of the Troika plan, and if necessary a Cypriot default, would raise the possibility that Europe’s bankers and bondholders taking responsibility for the crisis they had created, rather than again imposing the cost of the crisis onto the backs of ordinary European citizens.
Richard Boyd Barrett said: “It would be very much in the interests of Ireland and Europe, if the protests of the Cypriot people forced their government to reject the outrageous plan of the Troika to raid the savings of ordinary Cypriot citizens.
Already the people of Cyprus have shown the effectiveness of protesting. Because of the outrage they have expressed on the streets they have forced their government to start re-negotiating the plan to raid the savings of less well-off citizens.
It should be noted by Irish people and other European citizens who have been forced to pay the full price for the crimes of Europe’s bankers, that just a few days of protests in Cyprus have forced the Troika to back-track on their plans to do the same to the people of Cyprus.
By taking to the streets and expressing their outrage, the people of Cyprus have achieved more in a few days than Enda Kenny and Eamon Gilmore have achieved in two years, in terms of forcing the Troika to re-negotiate.
Let’s hope, the Cypriot people go the whole way now and reject this so-called bail-out, which is not a bail-out for them but is purely a bail-out for Europe’s gambling banks and bondholders.
Of course, there is no problem whatsoever, forcing big corporate depositors, bondholders or Russian oligarch’s to take a hit, but the idea that ordinary Cypriot citizens should have their hard-earned savings stolen from them is utterly outrageous.
As has been the case, since the crisis broke in 2007, people on the streets show far more economic and political intelligence than all the politicians, experts and commentators – and when they act it gets results. Irish people should take a leaf from the book of the Cypriot people.”