Shutdown and Sleep are techie terms. We are too familiar with Shutdown (and Reboot) due to the constant Windows updates that forces us to wait helpless looking at a screen.
But now European Politicians discover that they like to play a different game: the "quasi-Sleep" game. Sleep is a Windows feature not as widely known as Reboot, that basically freezes the computer to save power and allow you to resume at the same state before you executed the Sleep.
However, unlike the real Sleep, the Cyprus bank freeze is like a "quasi-Sleep". And the "quasi" is the key word.
You see, what was to be a "sleep" mode during non bank business days, now we know only Thursday banks will open. During that time any bank transaction is blocked. So forget about going out for a meal, go to the cinema, offer something for the Father's Day, or .... pay your suppliers. And if you don't pay your suppliers, you cannot sell your products and services.
The Bureaucrats seems to forget that you cannot actually freeze people lives. You still have to eat, drink and do a bunch of other stuff.
But technology is awesome, and now the Bureaucrats just discovered they can freeze an entire group of mainframes, SEPA infra-structure, debit / credit cards operations with a single click.
Today's world is controlled by software, and a global software freeze has the capacity of global destruction.
What is really frightening is that those guys don't understand that freezing bits and bytes, aka "Money", they are actually destroying real goods and services.
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