tag:blogger.com,1999:blog-5430917408212835186.post1295351093157887256..comments2023-03-26T09:32:07.414+02:00Comments on Metis Meets Mittington: Work & Justice !!Alfred B. Mittingtonhttp://www.blogger.com/profile/09408858308842184986noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5430917408212835186.post-88978369562396551032013-04-02T09:30:35.207+02:002013-04-02T09:30:35.207+02:00Thank you Ms Azra. I hope to write and post things...Thank you Ms Azra. I hope to write and post things that may carry away your approval! Yours, Alfred Mittington.Alfred B. Mittingtonhttps://www.blogger.com/profile/09408858308842184986noreply@blogger.comtag:blogger.com,1999:blog-5430917408212835186.post-15903252502668897072013-04-01T20:09:49.051+02:002013-04-01T20:09:49.051+02:00It must be done, to preserve your sanity. I look f...It must be done, to preserve your sanity. I look forward to any of your tales Dear Alfred.Azhttps://www.blogger.com/profile/11274624534284532361noreply@blogger.comtag:blogger.com,1999:blog-5430917408212835186.post-665285576804448712013-03-30T10:52:19.807+01:002013-03-30T10:52:19.807+01:00Dear Perry,
Thank you for posting this. A tough r...Dear Perry,<br /><br />Thank you for posting this. A tough read, but enlightening. <br /><br />Awful to say: the situation is not much better in Spain, where political parties of just about every hue have also taken out huge loans, which the banks then 'forgave and forgot'. One understands their great willingness to help banking friends in need, with taxpayer's money from Spain and northern Europe...<br /><br />Our leaders are asking for a serious revolution; for only the morally upright can demand great sacrifice from their populations. <br /><br />Yours, sincerely, Alfred.Alfred B. Mittingtonhttps://www.blogger.com/profile/09408858308842184986noreply@blogger.comtag:blogger.com,1999:blog-5430917408212835186.post-27780844676940479852013-03-30T10:44:51.165+01:002013-03-30T10:44:51.165+01:00Dear Alfred,
Whilst you may have put down the cud...Dear Alfred,<br /><br />Whilst you may have put down the cudgel of indignation, Dr. North continues to bring later developments to the eyes of those who would continue to look askance at the machinations of Brussels.<br /><br />"Revelations breaking in the Greek press, conveyed also by ekathimerinini.com and in Spiegel.<br /><br />These tell of an unhealthily close relationship between the Cypriot banks and politicians, and with political parties and trades unions. Thus we hear that the Bank of Cyprus and Laiki, between 2007 and 2012 gave loans amounting to millions to these groups, without in any way seeking full repayment.<br /><br />The Bank of Cyprus wrote off the €2.8-million loan given to a hotel with ties to the communist-rooted Progressive Party (AKEL) and forgave significant portions of many other loans.<br /><br />A national labour union is said to have been forgiven €193,000 of a €554,000 loan. An unnamed company was forgiven €110,000 from a €1.83-million loan, a prominent MP of the centrist Democratic Rally (DISY) party saw €101,000 of a €168,000 loan written off and a company owned by the brother of a former minister of the conservative Democratic Party (DIKO) had €1.28 million of a €1.59-million loan written off.<br /><br />Several other MPs and the mayor of large city allegedly had significant portions of their loans forgiven by Bank of Cyprus. Companies linked to a member of the bank's board, to the daughter-in-law of a DIKO deputy and several others also appear to have been offered significant loan relief by the Bank of Cyprus.<br /><br />As for Laiki Bank, it is said to have written off several loans taken out by AKEL and DISY MPs. The bank appears to have written off $5.8 million in debt from a company whose majority shareholder is said to be a well-known Cypriot politician. The ex-wife of a senior ministry official and a company owned by a local ambassador appear to have been benefited.<br /><br />These details, apparently, are only the tip of the iceberg, and more are expected to emerge.<br /><br />The Greek newspaper Ethnos writes that the current details raise "significant political and moral issues" that could have a "serious legal repercussions". Most of all, though, they may shed light on why Cypriot banks had been allowed to behave the way they did, pushing the economy over the edge.<br /><br />This may also explain why the "colleagues" took the action they did, possibly with the foreknowledge that this was not a straightforward bailout. Awareness of deep-rooted, systemic corruption could have dictated the path.<br /><br />For the moment, the Cypriots are being extraordinarily calm about recent developments, and some feelings are being expressed that external intervention was necessary. The island nation may have needed more than just a financial rescue, which could put a completely different complexion on the events we have been witnessing."<br /><br />http://www.eureferendum.com/blogview.aspx?blogno=83763<br /><br />Cordially,<br /><br />Perry<br /><br />Perryhttps://www.blogger.com/profile/08715633779618461756noreply@blogger.com