Russia - Naval base, and that's halfway to sorting Syria.The Islands economy has had its plug pulled ....... don't you think
Focus of attention is now firmly back on the rest of the banks and "nations" solvency within the eurozone ......Cyprus only stays open until the EU pulls the finance ...It doesn't really matter which way the Cypriot government vote ....(Unless your a Cypriot )...........Its now been shown that personal deposits can be raided within the Eurozone
Merkels message wasn't for the Cypriots was it ?
The Greeks alone are € 285bn plus writes offs and counting ....... what's just another €10bn to this lot ?.....why risk the whole eurozone with such a solution ? ...The coming bank deposit removals across the Piigs are going to far exceed €10bn , dont you think ?
Its an island fire sale , Russia buys its naval base in the Med on the cheap,and its the Germans who get the proceeds partly in gas , which Merkel needs now its nucs are closed .... The French are out of the game ...its now all about the Germans ...The electorate are getting inflation twitchy (Gold repatriation in place of valium )
Dunno
Maybe we could send Gordon Brown , he'll save them
Technically if they are using depositors money to fund the bailout in the first place it's really just a neo colonialist power grab innit.
There are substantial undeveloped Gas deposits that are being earmarked as further collateral against the debt.Privitisation of water (if still in state hands)is highly likely
Both are things the IMF have form on
http://www.globalexchange.org/resources/wbimf/facts
http://www.cyprus-mail.com/commerce-and-industry/gas-export-now-much-more-urgent/20130315
http://citizensimon.blogspot.co.uk/2011/06/water-human-right-or-imf-cash-cow.html
Interesting point - what's going to happen to the water subsidies? Are they to go with the IMF-EU program?I'm not sure even the IMF would be daft enough to attempt to privatise water, given the scarcity in Cyprus.
I'm not sure even the IMF would be daft enough to attempt to privatise water, given the scarcity in Cyprus.
Interesting point - what's going to happen to the water subsidies? Are they to go with the IMF-EU program?
I dunno. The IMF can be pretty stupid sometimes. How much does it rain in Bolivia?
They're taking 6.75% out of everyones bank accounts (9.9% on anything over Euro 100,000) thats anything that anyone had in their bank accounts on Friday - wages, pension, savings the lot.
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.
Something tells me that you didn't quite get what that article is saying - as you appear not to have got much of what anyone on this thread has been saying. Can you point to any part of that article that actually endorses the measures that other people on here have opposed? I certainly can't.This idiot thinks the measure's a good idea
http://www.guardian.co.uk/commentisfree/2013/mar/18/cyprus-wealth-tax-good-thing
Seems to saying the Cypriots are the first, perhaps it's time for the depositors of other bailout countries to make a 'contribution' if you take Merkel at face valueRight so you can't say what you mean. They are just glib phrases.
I'm not sure even the IMF would be daft enough to attempt to privatise water, given the scarcity in Cyprus.
...If I was in one of those countries my money would be under the mattress. By now
Bankia (BKIA)Given the perceived likelihood of a Spanish bailout at some point, how much will be taken out of the Spanish banks this week as a result of this move?
When are the creditors of a bank going to take the hit? All 100% of it?
Something tells me that you didn't quite get what that article is saying - as you appear not to have got much of what anyone on this thread has been saying. Can you point to any part of that article that actually endorses the measures that other people on here have opposed? I certainly can't.
He's an idiot. It's not a wealth tax, it's a cash tax, the virtual opposite of a wealth tax.The poorer you are, the more likely it is that any wealth you have is saved in the form of cash rather than property or bonds.
indeed - anyone in a country that might need a bail out, or has already had one, and who hasn't popped down to their local bank to withdraw as much as they possibly can, probably needs their head seeing to.
in social terms its only marginally less bad than the cash machines stopping working - and one is reminded of Robert Pestons throw-away line during the Northern Rock debacle: 'invest in baked beans and Shotguns'.
Very surprised the news isn't reporting the start of bank runs in the PIG countries, as for your last? i have
What i meant?I was actually making a joke, but no I don't really understand what you're saying there. Starting with the first paragraph it looks to me for example as if he's endorsing the measure with:
"There are several principles at stake in the row over Cyprus and its bailout. But one we should ignore is the hysterical reaction to a tax on bank deposits. It is a wealth tax – and about time too."
which ymu for one opposed in the post above yours
or is that not what you meant?
I was actually making a joke, but no I don't really understand what you're saying there. Starting with the first paragraph it looks to me for example as if he's endorsing the measure with:
"There are several principles at stake in the row over Cyprus and its bailout. But one we should ignore is the hysterical reaction to a tax on bank deposits. It is a wealth tax – and about time too."
which ymu for one opposed in the post above yours
or is that not what you meant?
This will surely cause a run on banks elsewhere. I would say this run is entirely expected and has only been avoided by applying sticking plasters which fucked the poorest first and foremost. This wealth confiscation is preferable to more taxes on the poor, but is hardly welcomed.
This will surely cause a run on banks elsewhere. I would say this run is entirely expected and has only been avoided by applying sticking plasters which fucked the poorest first and foremost. This wealth confiscation is preferable to more taxes on the poor, but is hardly welcomed.