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Old 03-18-2013, 08:48 AM   #101
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Old 03-18-2013, 08:52 AM   #102
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Originally Posted by notinmybackyard View Post
This is how the media will make it appear.

Most of the citizens have less than 1,000 (one thousand) in their bank accounts and 90% have less than 5,000 (five thousands)

This is about cleaning the corruption. Decades ago Cyprus was where arms merchants, Afghanistan drug smugglers and Turkish sex slave traders deposited their money. Much of this still happens but today we can put up also russian child pornographers, Internet pirate sites and stock market speculators looking to hide their money.

Do not believe what you read in the press and believe even less what you read on the Internet. Some very rich people do not want their dirty connections exposed so they are using their influence to win the support of the public opinion. And regardless of the site you read, the Internet is part of the United States Media Control Complex. This complex will use any trick it can to make Europe look like a failing socialist hell hole.

This is just the start and there will be many things to come.
Wrong. There are criminals hiding their money in Cyprus? Good, then go after them like you would in ANY civilized country - investigate, bring them to trial, and freeze their property or money as per the EU / Cypriot laws.
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Old 03-18-2013, 09:04 AM   #103
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7 Things You Need to Know About the Shocking Cyprus Bailout Crisis
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Old 03-19-2013, 04:02 PM   #104
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Everybody going to pull out funds, when bank opens, and banks will be fucked,here comes another wave like we had in 2009
Banks will have capital limits in place. Restrictions on withdrawals, increased cheque clearance times, reduced or ban on taking currency out of the country. I doubt they will open till friday at the earliest once they have all the necessary limitations in place.
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Old 03-19-2013, 04:13 PM   #105
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Interesting times we live in. Apparently Cyprus is a very very small part of the EU's total economy, so hopefully it does not spread.
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Old 03-19-2013, 04:13 PM   #106
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The moment the banks open they are fucked. We moved our money from Spain last year for the same reason but the problem with Cyprus is the banking system is corrupt. They had slack controls and now they are fucked. The fucking idiot EU should not have to rescue corrupt banking systems and as much as I hate the EU I don't think they will.
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Old 03-19-2013, 04:15 PM   #107
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Interesting times we live in. Apparently Cyprus is a very very small part of the EU's total economy, so hopefully it does not spread.
It spread *to* Cyprus. Southern Europe needs to be a different economy and cannot survive in its current format.
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Old 03-19-2013, 07:05 PM   #108
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The moment the banks open they are fucked.
They already talk about open next tuesday instead of this thursday
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Old 03-19-2013, 08:20 PM   #109
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In Holland we only get 2% interest at most Dutch banks now. After inflation (3%) and 1,2% tax on savings above 20.000 euro we loose money every year when we save money. So we have to pay Cyprus so they can have interest rates of 5% to 8%. I think if they had the money on the bank for 2 years already that they made enough profit, especially cause most didn't pay much other taxes. So a little bit shaving won't hurt them.

Most Europeans have enough of the whole EU. This is not only of paying the money to the account holders. The politicians see that more and more European citizens want some countries to leave the eu. They only cost money and have a reputation of fraud, avoiding taxes and corruption. Most people from Europe are not willing to help Cyprus and the politicians know that. So the tactic of shaving the account holders is the best thing they did in trying to solve the crisis and get some goodwill of the public. And most people even don't want Europe to sent any money to Cyprus. What if another Dutch bank fails (it just happened again) and we can't save our own ass anymore. Will Cyprus or the EU help us?

In Holland the government granted 40.000 when a bank would collapse. But than the banks where to big to fail and they saved every bank, except one (yes, those people lost all their money above 40.000)/ Let's give the account holders 40.000 and don't save the banks on Cyprus. No one compensated the account holders of the DSB bank that went down in Holland, those poeople lost almost all their money. And those people will never support the saving of banks in other countries from their taxes.

The political games are on, choosing between the banks, Russian help and keeping the people in Europe quiet.

Time for put options? Or shall i just invest my money here in Brazil.
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