If I was Cypriot politician I’d be taking a flight overseas for a while, quick smart

Cyprus has decided to raid the piggy banks of depositors. In order to fund the excesses of wayward borrowers and a spendthrift government they have decided to scalp up to 10% from saved funds in their banks. Stealing the wealth of those who have done it right…as Cactus Kate rightly says Cypriots riot for much less.

There is going to be bloodshed and politicians will cop it.

Imagine over your weekend your government announced they are going to steal 6.75-9.9 per cent of your total savings to pay for those who ran up all the debt?

Well it is happening in Cyprus. 

I hope the tanks are ready because Cypriots do not take well to bad news.

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Not to mention the wealthy Russians with money in Cyprus.  They will pay the levy if they have to then yank their money out and put it somewhere else friendlier.  Given an estimated half of the money in the banking system is from such persons the effect of that is pretty obvious.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.