Cyprus and European instability

Certainly it comes as no suprize to me that the opening of banks in Cyprus did not lead to a panic. How could it anyways with all the restraining laws on withdrawals and transfers. As for writing a cheque well, it wont be honored in Cyprus. So the citizens of this island watch as forces much larger and way beyond their control play with their fate. After the unanimous rejection of the five to eight percent trim deal that the Eurogroup offered the talk was of a fifty to eighty percent trim on all deposits over 100000 euros. It is hard to guess what will happen. The fallout from this financial bust will be felt in ripples across the continent. Certainly the Cyprians where not the only people whose economy was based mostly on banking. There is Malta and Luxemberg who are also a part of the European Union. So this union has become uneven, undemocratic, economic only in its nature. There is still no real constitution or even a roadmap of what human rights and rights of the individual that this union would be willing to guarantee or at least protect for its member citizens. There are no borders to this union and no guarantee to its members of any kind for protection of their independence. What the union does offer, and this thanks to the Maastricht deal signed not so long ago, is the ability to plunder. Big members can plunder smaller ones without having to pay any kind of taxes, without any kind of hinderance that a national bank might offer. There is no way to resist this and I am not sure when the concentration of power and sovereignty to one member only will stop. The only sure thing is that if things continue this way Germany will once again become a superpower. Her influence on the lesser union nations already has reduced them to the status of satellite states.