Jordan Shilton & Chris Marsden

The vote by Cyprus’s parliament Tuesday evening to reject the terms of the European Union (EU) bailout agreed last Saturday has deepened a crisis which threatens to spread across Europe, posing the risk of national bankruptcy.

Thirty-six parliamentarians voted against the deal, while 19 abstained and none voted in favour. The initial bailout plan would have charged investors with deposits in Cypriot bank accounts a tax of 9.9 percent for those with account balances of more than €100,000, and 6.75 per cent for those with balances between €25,000 and 100,000. This would have raised €5.8 billion to support the proposed €10-billion-euro EU bailout for Cyprus’ banks.

With thousands gathered outside parliament to protest, a last-minute adjustment to exempt those with less than €20,000 from the levy had no impact.

President Nikos Anastasiades called an emergency meeting of all political parties to work on a “Plan B.” But a proposed alternative it drew up yesterday was rejected by the troika—the European Commission, the European Central Bank and the International Monetary Fund.

The total collapse of Cyprus’s financial system is being avoided only by the continued closure of the banks, which will now be kept shut until next Tuesday. The stock market also announced on Tuesday it would close for two days, amid fears that investors would withdraw large quantities of capital.

More »

Bill Van Auken

Starting a two-day visit to Israel on Wednesday, US President Barack Obama issued bellicose threats against both Syria and Iran. The visit, which plainly has the character of a US-Israeli war council, makes clear that ten years after the US invasion of Iraq, US imperialism is preparing even greater crimes in the Middle East.

The Democratic president threatened the Syrian regime of Bashar al-Assad that it would “be held accountable for the use of chemical weapons or their transfer to terrorists,” adding that if evidence showed that such a weapon had been used it would be a “game-changer.”

On Iran, Obama repeated his vow “to prevent Iran from having a nuclear weapon” and that “all options are on the table,” while recognizing Israel’s “right” to take unilateral action against Iran. There “is not a lot of daylight” between the US and Israel on Iran, he said.

Obama’s remarks came one day after the tenth anniversary of the US invasion of Iraq. No speeches or ceremonies were organized by the Obama administration or the US Congress Tuesday to mark the onset of a war to which 1.5 million Americans were sent, and where nearly 4,500 died and hundreds of thousands suffered either physical or psychological wounds.

More »

Jeff Lincoln

A report released in early February by the Open Society Justice Initiative titled “Globalizing Torture: CIA Secret Detention and Extraordinary Rendition” establishes that the Central Intelligence Agency, acting under the direction of the highest levels of the US government, has utilized a global network of secret prisons, foreign intelligence agents, and interrogation and torture centers to send detainees to without any legal protections.

This arrangement is worldwide and includes the involvement of at least 54 different countries touching almost every continent.

There is enormous diversity among the countries involved. They include Middle Eastern countries such as Egypt, Pakistan, Syria and Jordan, which carried out the torture on suspects that the CIA rendered to them. Poland, Lithuania, Romania and Thailand hosted secret prisons operated by the CIA where detainees could be held clandestinely and have interrogations or torture conducted directly by American intelligence operatives.

European nations such as Macedonia, Georgia, and Sweden detained and delivered suspects to the CIA to be tortured. Larger countries such as Britain or Germany conducted some of the interrogations themselves while smaller countries such as Iceland, Denmark, Belgium, or Greece provided intelligence, logistical support, use of airspace, etc.

On the whole, the report stands as an indictment against all of Washington’s allies and client states in its self-proclaimed “war on terror.”

More »