Oceanside50 wrote:
all those countries you cited don't have 37% occupied territory.. When a country like Cyprus has to sell off its Gold Reserve, which is used to buy weapons in time of war, to pay off loans made by corrupt Cypriot banks , it may be the time that we beg the the Brits to recolonize Cyprus because we can't govern ourselves...and by the way what kind of punishment did these scoundrels get? What kind of punishment did the morons get for blowing up Mari?....and on and on and on.....
I'm not defending the reckless Cypriot bankers, nor the fools who dealt with the Mari explosives. The previous administration has much to answer for and the fact that the clown-in-chief is immune from prosecution is a scandal.
I have no truck with the way that greed and complacency infiltrated the financial and political system. It's all part of the same moral weakness. I hope the criminal investigation into the banking system gets results. It'll be a first for Europe!
Lessons need to be learned. Regulation and transparency is not something that is beyond us. Cyprus is a small place and measures can be implemented If the will is there. Cyprus does have competent administrators and civil servants. The EU Presidency ran without a hitch which shows what we can achieve when a proper and accountable system is put in place.
What we need to do is put those responsible for criminal offences in prison for a long time. Examples need to be made so that bankers and politicians and administrators know there are consequences for their actions. But it's much better to have a proper system of checks and balances in place so that it doesn't get to that stage.