Cypriot bank savers forced to pay towards Euro/IMF bailout

[butchersapron]

Rather surprised by some of the knee-jerk pro-eu posts at the start of this thread. Cyprus has been used by the russian mafia to launder money for the last few decades, that's largely why they are in trouble - through using the mafia money to buy up now worthless shit in greece, and now the mafia wants its deposits back. So in order to prop up this system, the neo-liberals at the Eu have decreed that ordinary savers (as well as the mafia types) have to have 7% of their savings taken off them and then given back to that mafia and to ultra-rich investors in the rest of the EU with the result of further attacks on wages, social services and so on. But hey, anyone that opposes anything the eu does is just a right-wing little englander - and all savings taxs are exactly the same.

 

[el-ahrairah]

blimey. i did not know that.

 

[J Ed]

^ yep.

More socialism for the rich and capitalism for the poor.

 

[Mr.Bishie]

@YiannisMouzakis
#Cyprus, road outside President's residence closed by police pic.twitter.com/c5s12h7R6c

 

[junglevip]

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.

With respect this was predicted last year by trends forecaster Gerald Celente. He predicted a 'bank holiday' at the end of 2011 and when it did not happen in 2012 I felt a bit daft as I had told a few people and I did not happen. I am not pleased that it has but glad that I still trusted him.

Crash JP Morgan buy silver

Gerald Celent:

EDIT:

He got stung in the MF Gloabal colapse and duscussed this at length
http://www.trendsresearch.com

 

[Firky]

The EU can GTF.

 

[junglevip]

If you cant hold it you dont own it!

Crash JP Morgan buy silver

 

[Firky]

Rather surprised by some of the knee-jerk pro-eu posts at the start of this thread.

Are you really? There was a thread not so long ago exalting the joys of the EU, there was perhaps 4 or 5 people, who were against it. IIRC it was the thread regarding Farage saying there'd be no pact with the tories (actually I just found that thread and it wasn't but there is some 'interesting' posts on there).

 

[coley]

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.

Where is the money levied/stolen actually going to?

 

[Tankus]

Amazing how difficult right wingers find the concept of 'tax'.

maybe it could be named cash in the bedroom tax ...... as its a benefit to the country

 

[coley]

Taxing wealth rather than income is eminently sensible. It's exactly what Gideon should do.

So you wouldn't mind paying a one off 10% tax on your savings?

 

[binka]

So you wouldn't mind paying a one off 10% tax on your savings?

as long as it happened to everyone and the money way spent on something socially useful i wouldn't mind in the slightest - in fact i'd be delighted to hand over my £-7.50

 

[Maurice Picarda]

So you wouldn't mind paying a one off 10% tax on your savings?

Depends on the alternative. My savings are less than the €100k where the 10% rate kicked in, so it would be about 7%, which from memory is only £3k or so. If this meant that UK banks weren't going to collapse and that my job was safe, I'd be relatively relaxed.

I was quite calm about losing child benefit, and I'd be opposed to tax decreases.

 

[coley]

as long as it happened to everyone and the money way spent on something socially useful i wouldn't mind in the slightest - in fact i'd be delighted to hand over my £-7.50

Aye whey, some of us think we have paid more than our share and the greedy bastards can fuck right off, I don't fancy my savings being raided to pay for PFIs and ket like HS2

 

[Firky]

So you wouldn't mind paying a one off 10% tax on your savings?

I wouldn't. I don't mind paying tax if it improves the standard of living for all. Probably work out cheaper than the money I give to Shelter and food banks anyway!

 

[coley]

Depends on the alternative. My savings are less than the €100k where the 10% rate kicked in, so it would be about 7%, which from memory is only £3k or so. If this meant that UK banks weren't going to collapse and that my job was safe, I'd be relatively relaxed.

I was quite calm about losing child benefit, and I'd be opposed to tax decreases.

So you wouldn't approve of tax reductions for those on low incomes?

 

[coley]

I wouldn't. I don't mind paying tax if it improves the standard of living for all. Probably work out cheaper than the money I give to Shelter and food banks anyway!

But to protect the banks and those in charge? This isn't to protect jobs and services,its to prop up a corrupt cartel who have been sucking the system dry for years and now as their little pack of cards is collapsing they expect us to fork out to protect them.

 

[Tankus]

this is a toe in the water ...and never a one off ....Piigs bank runs on tue

 

[Maurice Picarda]

So you wouldn't approve of tax reductions for those on low incomes?

The maths about taxable allowances, thresholds and starter rates is complicated by the problem that the majority of people on very low incomes aren't sole breadwinners. It generally works out better to increase credits based on individual circumstances IIRC.

But I was thinking of tax reductions at standard and upper rates.

Oh, and I'm delighted to pay my share for HS2. If it gets people into work and boosts spending I'll chip in for a tunnel to Australia.

 

[8115]

I kind of feel, that, people vote for the government and partake of the banking system and that at the end of the day there has to be some incentive for people to take an interest in what happens.

Channel 4 news said that the EU had said the Cypriot people also had to contribute to the bailout due to the unusually large size of the Cypriot banking sector (not sure why it's so big over there, must be local factors maybe). I do feel a lot of sympathy for them but I also feel that we live in pretty unusual times, that's the fifth bailout so it's getting a bit more usual now but when it happened in this country I do think there were a few people privately worried we'd end up with anarchy (literally). A bank bailout is a big deal.

 

[coley]

The maths about taxable allowances, thresholds and starter rates is complicated by the problem that the majority of people on very low incomes aren't sole breadwinners. It generally works out better to increase credits based on individual circumstances IIRC.

But I was thinking of tax reductions at standard and upper rates.

Oh, and I'm delighted to pay my share for HS2. If it gets people into work and boosts spending I'll chip in for a tunnel to
Australia.

I'm delighted your delighted, just have a look at how much has been spent on it already and not a track laid yet, nice little earner for the bank, consultants and lawyers.

 

[Maurice Picarda]

I'm delighted your delighted, just have a look at how much has been spent on it already and not a track laid yet, nice little earner for the bank, consultants and lawyers.

Would you rather that huge-scale construction projects went ahead without any consultation at all, or that we didn't use lawyers to haggle down the price of compulsory purchases?

 

[Sasaferrato]

But to protect the banks and those in charge? This isn't to protect jobs and services,its to prop up a corrupt cartel who have been sucking the system dry for years and now as their little pack of cards is collapsing they expect us to fork out to protect them.

I think the word you are seeking is 'cunts '.

 

[coley]

I think the word you are seeking is 'cunts '.

I try not to swear

 

[8115]

Rather surprised by some of the knee-jerk pro-eu posts at the start of this thread. Cyprus has been used by the russian mafia to launder money for the last few decades, that's largely why they are in trouble - through using the mafia money to buy up now worthless shit in greece, and now the mafia wants its deposits back. So in order to prop up this system, the neo-liberals at the Eu have decreed that ordinary savers (as well as the mafia types) have to have 7% of their savings taken off them and then given back to that mafia and to ultra-rich investors in the rest of the EU with the result of further attacks on wages, social services and so on. But hey, anyone that opposes anything the eu does is just a right-wing little englander - and all savings taxe are exactly the same.

But don't you think that this type of system exists because ordinary people put up with it? They turn a blind eye and never get angry, and if the bank bailout had come from a big central pot of money, people still don't get angry because they don't connect cause and effect. But if people lose 7-10%o f their savings maybe they'll be a bit more interested in government and finance.

I know it must be bad for people who have lost money and I'm prepared to be persuaded I'm wrong but I don't see this as the EU being pro big business, the opposite, by saying to everyone, you're in the same boat they're making people take responsibility. If they just did a bailout the money would still have come from ordinary people I think.

 

[Sasaferrato]

Would you rather that huge-scale construction projects went ahead without any consultation at all, or that we didn't use lawyers to haggle down the price of compulsory purchases?

If the state is depriving a citizen of their property, they should pay full market value, plus something for the inconvenience. Compulsory purchase at a state defined rate? You are joking.

 

[Tankus]

Channel 4 news said that the EU had said the Cypriot people also had to contribute to the bailout due to the unusually large size of the Cypriot banking sector (not sure why it's so big over there, must be local factors maybe)

Greek flight money and Russian laundering ...apparently

"depositors will realize that their mattress now yields 6.6-9.9% more than the bank"

 

[coley]

Would you rather that huge-scale construction projects went ahead without any consultation at all, or that we didn't use lawyers to haggle down the price of compulsory purchases?

I would rather that unnecessary 'large scale construction' was avoided while people in this country are forced increasingly to use food banks.

 

[butchersapron]

But don't you think that this type of system exists because ordinary people put up with it? They turn a blind eye and never get angry, and if the bank bailout had come from a big central pot of money, people still don't get angry because they don't connect cause and effect. But if people lose 7-10% f their savings maybe they'll be a bit more interested in government and finance.

I know it must be bad for people who have lost money and I'm prepared to be persuaded I'm wrong but I don't see this as the EU being pro big business, the latter, by saying to everyone, you're in the same boat they're making people take responsibility.

Do you know, i never know the hell you're waffling on about. Your posts never seem to deal with the issues raised.

 

[8115]

Do you know, i never know the hell you're waffling on about.

Oh.