Cyprus Conservative Opposition Parliamentary Member Says "If No Solution Soon, Print Cyprus Pounds and Abandon the Euro"

Marios Mavrides, a conservative opposition member of the Cyprus parliament just chimed in with his viewpoint "If No Solution Soon, Print Cyprus Pound and Abandon the Euro".

The conservative opposition parliamentarian of Cyprus, Marios Mavrides, said Wednesday that if his country can not find a solution shortly, it "will begin to print  Cyprus pounds and abandon the euro."

In order to examine alternatives to address the situation is to be created after today's session in Parliament, the President has called a meeting with the leaders of the parliamentary groups for this Wednesday, March 20, at 11.00 hours, according to a statement released by the Presidency.

Joke of the Day

Here's the joke of the day from Eurogroup finance chairman Jeroen Dijsselbloem: "I confirm that the Eurogroup stands ready to assist Cyprus in its reform efforts."

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.