Cyprus Rejects bailout

"NICOSIA (Reuters) - Cyprus overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout on Tuesday, throwing international efforts to rescue the latest casualty of the euro zone debt crisis into disarray.

The vote in the tiny legislature was a stunning setback for the 17-nation currency bloc, angering European partners and raising fears the crisis could spread; lawmakers in Greece, Portugal, Ireland, Spain and Italy have all accepted austerity measures over the last three years to secure European aid."

This Cyprus bailout was touted by some as a precursor to the further deteriorating European Economy.  Some said that if this had succeeded it would be a blueprint for further seizures of funds from the EU citizens and companies.

Some had even speculated that it's origins were in the United Nations in the quest for a One World Government, and to "Spread the Wealth".

I make no allusions to any of those theories.  I will tell you to do your own research and make your own determination of the facts.