http://www.thetrumpet.com/article/10543 ... -in-cyprus
especiallY;
In a poll released in late February, 63 percent of Germans were against bailing out Cyprus. Only 16 percent were for it. Sixty percent said the issue was something “very important” or “important” when it came to selecting Germany’s next chancellor.
Voters don’t want their tax money spent on Cyprus—which they see as merely a safe haven for corrupt Russian businessmen—even if it does give Germany control over strategic real estate.
Still, Chancellor Angela Merkel made the very unpopular decision to bail out Cyprus anyway. To appease the German public, Merkel’s government insisted that Cyprus come up with some of the bailout money. Cyprus had to provide nearly €6 billion (US$7.7 billion). That’s a lot of money for such a tiny island. For Germany—whose 2012 tax revenues are estimated to be €600 billion—it’s closer to pocket change. But in order to control Cyprus without upsetting its core voters overly much, Germany imposed conditions on Cyprus that are so severe they could upset the financial stability of the eurozone!
This bailout won’t be the last. It did not fix Cyprus’s economy. Just like Greece, Cyprus is now dependent upon Germany. Every few months, it will need German approval for the money it needs to keep its economy and government going. And it will have to meet Germany’s conditions to get it.
