Nigel Farage comments on the current situation in Cyprus. The message is ‘get your money out of the Eurozone’ as quickly as possible.
We may end up with a two speed Eurozone whereby the southern states go it alone. However, once one country leaves the Eurozone the possibility of the domino effect could gain some traction and lead to the final breakup of the Eurozone.
The Cypriots now have to come with an alternative as the current cash grab received the NO vote. It will be interesting to see what role Russia plays in the resolution of this situation. We understand that there is oil and gas in the waters surrounding Cyprus which could form part of any negotiated deal.
I guess it’s a question of watch this space.
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