Cyprus: 300 Euros Per Citizen


The days of rationing have returned and there is no end in sight for the average or median citizen in Cyprus. Three hundred euros is the limit on how much they can withdraw from their own bank account.

How would you feel if your government were to limit the amount of money you can take out of your own account? How would you feel if they were to expropriate your earnings for the common good? How deep does the crisis run through the actual system itself? These are some of the questions on the mind of the common European citizen.

A simple analysis sheds some light on the current “crisis” – which is actually not a crisis at all, but a simple mistake in Accounting 101 – “Do not spend more than you have.” European governments are experts at budgeting huge amounts of money towards camouflaged social activities that really have an effective lucrative purpose in mind.

Behind the ranks of government officials, especially in countries like Germany, Spain, Portugal and Italy are an increasing minority – those who steal money “on the fly” and those who truly care about the welfare state.

The fact of the matter is that there is no longer an ideological battle between socialism or capitalism – this is long gone. What the current dilemma really involves is a battle for popularity.

Popularity is a two-edged sword. You can use popularity to your advantage to convince or to persuade, yet each and every word that comes out of your mouth is fiercely weighed and measured in terms of political correctness, manners, congeniality, etc. This is what European politicians have forgot. They simply have no interest in connecting with the average citizen. They have simply wasted their foregone popularity, only to drown in an abyss of self-pity and inevitable remorse.

On the upside, there is an increasing majority of citizens who are willing to take public office and to change things for the better. Every news item in a European newspaper must be taken with a grain of salt: There are still the old-fashioned critics of capitalism long gone, and the advent of newcomers looking to make their room in the battle for popularity.


About Paul Gibson

Economist, financial risk analyst, business English coach and entrepreneur...always disposed to new business ideas and offer support for new business plans. Specialist in e-commerce and marketing.
This entry was posted in B1 - Intermediate English, B2 - Upper Intermediate (Advanced English), C1 - Proficiency and tagged , , , , , , , , . Bookmark the permalink.

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