Cyprus Parliament President Says "No Future" Under Troika, Calls For "Iceland" Solution

[sailingaway]

Just last week Yiannakis Omirou, Cypriot House of Representatives President, was calling for the nation to accept it is "time for responsibility" as they progressed towards a final solution; and yet today, as Cyprus' Famagusta reports, he believes the 'Troika-imposed' responsibility will, "turn Cyprus into a colony of the worst possible type." His 'Icelandic' solution is to "leave the Troika and EMS behind," to ensure "national independence, national sovereignty, moral integrity, and economic independence." He may have a point;

more: http://www.zerohedge.com/news/2013-03-31/cyprus-parliament-president-says-no-future-under-troika-calls-iceland-solution

[thoughtomator]

Now we're talking!

[Occam's Banana]

File under "too little, too late" ... ?

Even if this is more than just talk, I don't expect the EU powers-that-be will just stand aside and say, "Sorry, excuse us, don't let us get in your way" ...

[Bern]

Someone took the red pill.

[Carson]

Far out man.

If you look at a situation like this on a personal scale sometimes bankruptcy seems the only way out.

I'm not sure if it is the best but what can you do when you get trapped in a viscous cycle of borrowing to pay off ever increasing debt. I would think countries need some sort of chance to start over. Even with a new chance it is only a chance with the way the system is rigged in favor on some with the ability to counterfeit up what ever it a takes to get their way.

[HOLLYWOOD]

reference...

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/04/20130331_EUjobs.jpg

[sailingaway]

reference...

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/04/20130331_EUjobs.jpg

That really says it all, along with this on the US:

http://data.bls.gov/timeseries/LNS12300000
Labor Force Statistics from the Current Population Survey

Series Id: LNS12300000
Seasonally Adjusted
Series title: (Seas) Employment-Population Ratio
Labor force status: Employment-population ratio
Type of data: Percent or rate
Age: 16 years and over

http://data.bls.gov/generated_files/graphics/latest_numbers_LNS12300000_2003_2013_all_period_M0 2_data.gif

[DamianTV]

reference...

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/04/20130331_EUjobs.jpg


That really says it all, along with this on the US:

http://data.bls.gov/timeseries/LNS12300000
Labor Force Statistics from the Current Population Survey

Series Id: LNS12300000
Seasonally Adjusted
Series title: (Seas) Employment-Population Ratio
Labor force status: Employment-population ratio
Type of data: Percent or rate
Age: 16 years and over

http://data.bls.gov/generated_files/graphics/latest_numbers_LNS12300000_2003_2013_all_period_M0 2_data.gif

Red Line is what happens when you try to borrow your way out of debt.
Green Line is what happens when you Jail the Bankers that created the problem.

Hmm, which way are we going when we see news stories like "Too Big to Jail"?