Urban75 Home About Offline BrixtonBuzz Contact

Cypriot bank savers forced to pay towards Euro/IMF bailout

two sheds said:
Fair play if EU will compensate small investors they should just let the banks fail. Isn't that going to bugger up their economy too, though?
Click to expand...
Not as badly as bailing the fuckers out. Iceland let its banks go under:

Depositors in other countries raced to pull their money out of Icelandic banks. The government didn’t have the resources for a bailout; the banks failed. The government did guarantee that Icelanders would not lose the money in their savings accounts, but other financial assets — including the many investment funds that the banks offered — plummeted in value, and many ordinary Icelanders lost large sums that they believed were safely invested.

Iceland has been on the road to recovery since the 2008 crisis, helped by its traditional tourism and fishing industries. Some economists have argued that the collapse of its banks forced the country to deal with its problems faster.

By 2012, Iceland seemed to be doing surprisingly well for a country that just four years earlier had plunged into a financial abyss. It repaid, early, many of the international loans that kept it afloat. Unemployment was hovering around 6 percent, and falling. And while much of Europe was struggling to pull itself out of the recessionary swamp, Iceland’s economy was expected to grow by 2.8 percent in 2012.
Click to expand...
 
Sasaferrato said:
Savers in Cyprus are having money forcibly removed from their bank accounts by the EU, who have bailed out the Cyprus economy.

http://www.bbc.co.uk/news/world-europe-21814325

If you ever doubted just how vile and corrupt the EU is, I think this rather proves the point.

It is theft, plain and simple.
Click to expand...

Stealing from the poor to pay for the mistakes of the rich ! When trickle-down economics don't work you can try the slash and hemorrhage style. WE DON'T NEED BANKS! THEY NEED OUR MONEY!
 
I've noticed a tendency in MSM to emphasise the role of the EU in this larceny and lessen that of the IMF or indeed the criminal enterprises this is all for.

Never let a good crisis go to waste. The nodding donkeys of the EU are being made into whipping boys to divert attention from we know who. Apols for the mixed metaphor.
 
Have you read the link butchers? I submit it would sit well in any resource base.
Mine is fairly wide ta, though I aint formal in it's compilation. I tend to just refer back to that link a lot of the time. It shuts apologists up sharp-ish.

Hope you're well :)
 
taffboy gwyrdd said:
Have you read the link butchers? I submit it would sit well in any resource base.
Mine is fairly wide ta, though I aint formal in it's compilation. I tend to just refer back to that link a lot of the time. It shuts apologists up sharp-ish.

Hope you're well :)
Click to expand...

It's a link to a list from nearly a year ago. It doesn't seem to offer anything as ongoing analysis. It's just a bookmark to be used in an argument isn't it?

I am well thanks. Hope you and yours are as well.
 
A very good bookmark. It may be a year old but the practices are ongoing with nothing having stopped them whatsoever. Every now and again there's a big old fine, sometimes covered by us anyway. No one gets put away, that's not how "Light Touch Regulation" was ever meant to work.

So it very robustly props up an obvious analysis - that the global finance sector is a massive ongoing crimewave, using a variety of inventive means to act as such.

Thus, when governments (and larger bodies like the EU) make it a prime financial function to give these criminal entities as much money as possible, regardless of human consequence or political ramifications, they are envageled in criminal enterprise themselves.

I quite like being plain and simple spoken in this regard. To many more neutral people my hypothesis sounds rather outlandish. So then one need just give them the evidence. A bookmark? In many ways. It's hardly disingenuous to use it that way.

What matters is the content, slightly old or not there is still a large knowledge deficit in the broader public, so it is salient enough, especially as we move into this new phase of direct appropriation of bank accounts and bank holidays as sanctioned by supposedly sovereign governments on behalf of criminal entities.
 
There is some good stuff there, (and i'm glad to see a lot of it is sane-sourced) i am not disagreeing at all, so thanks for the link. But who is doing what in this case? What institutions are acting? And why?
 
Did I hear correctly earlier today that only people with more than 20,000 will be subject to this robbery? Will everyone else under that sum who have been robbed get their money back? :confused:
 
The cypriot parliament voted no to the savings tax. This is the first ever "no" to the EU since this crisis started. They will pass forward a Plan B they said.
 
gosub said:
Cypriot finance minister and energy minister on route to Moscow apparently, shame they didn't take the ports minister with them
Click to expand...

Wouldn't be surprised if they borrow it off the Russians and tell the EU and the troika to F off, and if they do, a very similar solution could appeal to the Greeks.
 
butchersapron said:
Right so you can't say what you mean. They are just glib phrases.
Click to expand...

About as 'glib' as the potato soup that one Russian restaurant had as it's sole delicacy on the menu in Limassol when I was working in Cyprus, I even sampled it to see how on earth a restaurant owner could afford a Lambo with just one product on his menu, it was shit.
 
butchersapron said:
Not that i think this will end up playing much a role but Turkey is also eyeing up those gas fields.
Click to expand...

They are certainly investing heavily in Northern Cyprus, currently laying an undersea water pipeline linked up to mainland reservoir. I think the favoured development partners are Israel and Russia.could see the Turks might strike a deal in return for topping up the aquifers though
 
You must log in or register to reply here.

Similar threads

JimW
Forced/coerced adoptions under the former military regime in the R.o. Korea
Replies
1
Views
224
ghost boy
ghost boy
Eric Jarvis
Meanwhile, on the West Bank Front
2 3 4 5
Replies
128
Views
7K
teqniq
teqniq
cupid_stunt
Massive worldwide IT outage, hitting banks, airlines, supermarkets, broadcasters, etc. [19th July 2024]
15 16 17 18 19
Replies
568
Views
19K
tommers
tommers
J
  • Locked
Why Europe and NATO ignores Zelensky's requests and offers? [LOL Bot]
Replies
13
Views
718
editor
editor
A
Go fund me and direct payment charity pages to help Palestinian families.
Replies
14
Views
764
frogwoman
frogwoman
Back
Top Bottom