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arista · 18-03-2013, 08:28 AM

"if Cypriots accept this then Greece, Spain and Portugal are next"

Yes thats could be the case.

The €uro Mess - never ends

Kizzy · 18-03-2013, 09:35 AM

The FSA here only guarantee the first £85'000 of anyones accounts so if our banks go under this will happen here.
Wonder if croatia are having second thoughts about joining the EU?...haha!

Scarlett. · 18-03-2013, 10:55 AM

Is this just the Southern Greek Cyprus we're talking about? It's quite annoying that news outlets only say "Cyprus", when there's two completely different sides of the island (Turkish and Greek)

Shasown · 18-03-2013, 05:29 PM

Quote:

Originally Posted by Chewy

Is this just the Southern Greek Cyprus we're talking about? It's quite annoying that news outlets only say "Cyprus", when there's two completely different sides of the island (Turkish and Greek)

Yeah the greek side of the island is regarded as the Republic of Cyprus, the Turkish side is not recognised, there is only Turkey who officially recognises the Turkish Republic of Northern Cyprus.

However the economic crisis is affecting life in the north as well.

arista · 18-03-2013, 04:40 PM

Its got Even Worse
now banks will not open until Thursday.

Fights will happen

arista · 18-03-2013, 10:35 PM

Now what is Russia going to do?
They would not dare bomb germany

Cherie · 19-03-2013, 11:58 AM

This is pretty unbelievable really bankers are still getting huge bonuses, yet it is people who are prudent and have put away money for their retirement or just a rainy day who are being penalised, this money has already been taxed at source and then taxed again as a saver and to dip into savings without permission is unforgivable.

arista · 19-03-2013, 12:18 PM

Quote:

Originally Posted by Cherie

This is pretty unbelievable really bankers are still getting huge bonuses, yet it is people who are prudent and have put away money for their retirement or just a rainy day who are being penalised, this money has already been taxed at source and then taxed again as a saver and to dip into savings without permission is unforgivable.

Before this went Public
Russian banks took out Millions (they had top secret info)

As a result Germany is saying Cyprus Banks
may need to take 15% out
of all accounts over 100K.

And what is going wrong even more is the Power
has to pass this in their Parliament
but other members may block it.
Whick means No EU billions Loan
and a Bankrupt nation.

Ref: SkyNewsHD, Ch4News, CNN Business, BBC News.

Iceman · 19-03-2013, 03:07 PM

Cyprus' finance minister resigns.

1 million euro is being flown out by the RAF to military personnel.

Crowds are gathering outside as are riot police.

arista · 19-03-2013, 05:59 PM

Yes Bad news they blocked the Leader
so Tomorrow is his last roll of the Dice.

The RAF Plane has loads Armed officers
as the locals could do with that.

Cash Machines are being topped up
but how long can they keep topping it up with Cash?

On Ch4News Live
in 10minutes the machine was empty
thats how fast the public take it out.

The Germany Embassy has been attacked.

Iceman · 19-03-2013, 07:03 PM

The parliament has rejected it....gonna be a huge run on the banks come thursday

arista · 19-03-2013, 07:24 PM

Quote:

Originally Posted by Iceman

The parliament has rejected it....gonna be a huge run on the banks come thursday

Yes but Tomorrow The PM bangs heads together.

Germany will not back down
as Cyrprus failed to much.

Run on the bank - They may Not open on Thursday , now.

So its the Cash machines
but they run out in 10 or 20mins
as the public does not trust anyone.

This is far worse trouble that Ireland had

Ref: Ch4News , SkyNewsHD and Bloomberg

Iceman · 19-03-2013, 07:27 PM

Quote:

Originally Posted by arista

Yes but Tomorrow The PM bangs heads together.

Germany will not back down
as Cyrprus failed to much.

Run on the bank - They may Not open on Thursday , now.

So its the Cash machines
but they run out in 10 or 20mins
as the public does not trust anyone.

This is far worse trouble that Ireland had

Ref: Ch4News , SkyNewsHD and Bloomberg

Big time and the fact we're doing good now proves it was the right thing to do by bailing us out. we're hitting targets and our budgets have been tough but fair in what we need to do to progress into a prosperous country again

arista · 19-03-2013, 07:42 PM

Quote:

Originally Posted by Iceman

Big time and the fact we're doing good now proves it was the right thing to do by bailing us out. we're hitting targets and our budgets have been tough but fair in what we need to do to progress into a prosperous country again

Yes but as they are more near to the "King of the €uro "
Germany
so they have no trust.

Could this start a War?

Weds Paper

Kizzy · 20-03-2013, 12:42 AM

Are you going to contribute to this thread alex?

lostalex · 20-03-2013, 10:16 AM

Quote:

Originally Posted by Kizzy

Are you going to contribute to this thread alex?

How dare you.

Kizzy · 20-03-2013, 10:45 AM

So who wants to bail out cyprus the most the EU or Russia?

arista · 20-03-2013, 03:21 PM

Quote:

Originally Posted by Kizzy

So who wants to bail out cyprus the most the EU or Russia?

Its IMF cash so America its part of that funding
the clock is ticking - Germany is the Boss.

arista · 20-03-2013, 05:27 PM

The Banks will now Not Open tomorrow.

This will make the Locals More Angry

Iceman · 20-03-2013, 05:42 PM

then they definitely wont open friday...looking at Monday as a possibility...

arista · 21-03-2013, 02:11 PM

Now Russia is trying to a Deal with Cyprus
which could mean the UK troops to leave Cyprus.

Russia wants a share of the Gas in the near Sea
that Cyprus owns.

Germany is not happy with this deal.

Ref : Tim Marshall , Foreign Affairs (SkyNewsHD)

the truth · 21-03-2013, 02:15 PM

Every world leader needs to sit down and make rules that cover every bank on the planet concerning the libor rate, illegal trading, bank bonuses, crazy lending, repayment of government loans etc

every leader. Its the only way the entire world economy can be put back on track

arista · 21-03-2013, 04:05 PM

Germany says they have until Monday
then the loan stops.

So Germany or Russia?

Germany gives a loan of 10 Billion Euros (from IMF)

Russia gives Cash Loans for share of the Sea Gas.

They need to pick fast.

http://news.sky.com/story/1068020/cy...st-before-vote

BBC news never said a word about Russia?

arista · 21-03-2013, 06:09 PM

Cyprus joined the €uro 5years ago
what a Dumb Move.

Should they Leave the €uro
by Monday?

And At least Ch4News Live , SkyNews Live and CNN Live
talks about the Russia Deal.
(Unlike the Bloated BBC)

arista · 22-03-2013, 11:53 AM

"Cyprus Delays Bailout Vote Amid Russian Rebuff
More turmoil spreads as a Greek Cypriot
vote on bailout plans is delayed and Russia
declines to help the troubled EU state."
http://news.sky.com/story/1068294/cy...russian-rebuff

http://www.guardian.co.uk/business/2...ut-russia-vote

http://www.telegraph.co.uk/finance/d...lout-live.html

"Bloomberg is reporting that Eurozone
finance ministers are pushing Cyprus
to hit large depositors at both of its
two biggest banks - Bank of Cyprus
and Laiki - with losses of up to 40%,
in an attempt to get a new bailout
deal agreed in time.
Under the plan, attributed to four European officials,
the two institutions would be
smashed together to create
a 'good' bank and a 'bad' bank"

Taken from Guardian Live Feed

A protester cries during an anti-bailout
rally by employees of Cyprus Popular Bank
outside the parliament in Nicosia today

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