- Former Cyprus Central Banker: The EU Has Decided To Disintegrate!
“The European project is crashing to Earth,” Athanasios Orphanides told London’s Financial Times in an interview. “This is a fundamental change in the dynamics of Europe towards disintegration, and I don’t see how this can be reversed.”
Orphanides said that he would have expected the EU Commission and the ECB “to support the European project. I would have expected them to protect the citizens of the smallest and weakest member states against discrimination. We have seen a cavalier attitude towards the expropriation of property and the bullying of a people.”
This week’s events had made “a mockery” of EU treaties, he said. “It suggests that in Europe not all people are equal under the law.