Daniel Hannan On Cyprus: "Greece And Spain Are Next"

'Cyprus should leave the Eurozone.'

British MEP Daniel Hannan on Cyprus.  Start watching at 1:30.

"Who's next?  Now that we've set this precedent where governments can come after your bank accounts, what country in the Eurozone is safe.  If I were in Spain, Greece or even Italy I would be thinking about moving my money.  As Mervyn King said, it's irrational to start a bank run, but it's perfectly rational to join one once it's started."

New links on Cyprus:

• Cyprus capital controls could blow the euro apart
• Stock Market Falls 2.5% After Opening For First Time In 2 Weeks
• 7 reasons Cyprus is more important than you think - Satyajit Das
• Four trends point to Eurozone collapse – UBS
• Cyprus bailout terms rooted in secret German letter from the 1970s
• Cyprus Parliamnet President calls for exit from Euro

Comments

[DailyBail]

Hard drive crashed today. Picked up a new computer this evening and transferred over all my files tonight from backup. Should be back to normal now.

[DailyBail]

EU gives Cyprus extra year to meet bailout target

http://www.marketwatch.com/story/lenders-give-cyprus-extra-year-to-meet-target-wsj-2013-04-02