European Union and its reforms

(...) for half a million rent for Baroness Ashton, High Representative of the Union for Foreign Affairs and Security Policy (have you ever imagined something like that exists?)

Crisis on Cyprus brought new tailwinds in the sails of the crisis in Europe and fully opened the question which had only been cautiously considered behind the scenes until now – how to deal with European banks?

Russian businesses and banks are starting to consider some legal action against Cyprus or individual banks, but some lawyers predict that they may have a hard time winning their case.

First of all, Cyprus has a small economy and the rescue package is something about € 16 billion, approximately € 3 billion less than last year’s loss of Bankia – the Spanish bank.

Cyprus, along with Slovenia, has been in the shadows of the PIIGS problems already for quite few months.

We wish to reveal the fact that rising Euroskepticism is threatening the achievements of European integration and weakening the cooperation of the states coping with economical and social issues.

Moreover, possible destabilization resulting from the \"Cyprus case,\" threatens the already damaged confidence in the Eurozone.

Spain\'s unemployed has reached 5 million for the first time in history.

Michel Barnier, European Commissioner responsible for internal market and services, has rejected all principles based on free market and freedom to choose, and showed he is a communist, or he is just joking with us.

Europe has just reached the turning point of the crisis. Now it can be better or worse – it all depends on what will happen in Cyprus.