State Sponsored Theft

The banking levy in Cyprus is a good measure of how completely screwed up the EU has become.

Russia has strongly criticised the Cyprus bailout deal.

Presidential spokesman Dmitry Peskov said on Monday: “Assessing the possible decision of imposing additional tax by Cyprus on deposits, [President] Putin said that this decision, if taken, would be unfair, unprofessional and dangerous.”

Prime Minister Dmitry Medvedev said: “It looks simply like the confiscation of other people’s money.”

The Russians seem to be the only ones making sense here.

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Preaching to the choir

I can hear an entire nation of Scots screaming “Duhhh!!”:

In an attempt to distance his party from the Tories, the Deputy Prime Minister will say: “People in Scotland know that the Conservatives cannot be trusted to deliver a fairer society. Not on their own anyway.

“With only one MP in Scotland, who honestly thinks that the Conservatives on their own will stand up for you?”

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