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07:07 PM
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EU - Cyprus confiscating 10% of all bank depositors money
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[quote:Anonymous Coward 35910891:MV8yMTcwMTc1XzM2NzEwOTUzXzkzRUM0RkRF] [quote:Anonymous Coward 36037348:MV8yMTcwMTc1XzM2NzA4MzAzXzFCRDgzRjEy] [quote:Anonymous Coward 36365054:MV8yMTcwMTc1XzM2NzA4MjI0X0I2NDhBMjA0] [quote:Anonymous Coward 36037348:MV8yMTcwMTc1XzM2NzA4MTQyX0IzNzFFRUU=] [quote:Anonymous Coward 36294072:MV8yMTcwMTc1XzM2NzA3MDU3XzNCRTdBMTQx] Ultimatum from Germany to Cyprus: Take it or leave it! (meaning staying in the Eurozone - aka Euro currency) http://greece-salonika.blogspot.com/2013/03/blog-post_7925.html :bump: for doom [/quote] Ultimatum from Cyprus to Germany: [b]Your banks are screwed if we default[/b] and they have to pay all that lovely CDS.. Seems like the Cypriot PM just rolled over and let Mutti do what she wanted. [/quote] dream on! :lmao: the bail out of the southern crooks has to stop NOW. [/quote] I'm not dreaming, mate... there's 10x the CDS out there compared to the bonds that will be defaulted on. And guess who will pay out on that CDS? Well, Deutsche Bank comes to mind.... [/quote] Take JPM for instance. They have a 50 to 1 levered balance sheet. To write off or rupudiate one dollar they would have to print $49 new ones. Not gonna happen:rockon: [/quote]
Original Message
And so it begins.... All Cyprus banks this weekend have frozen electronic transfers while a bailout is brought in. There will be a "bank holiday" on Monday and then on Tuesday, March 19th, 10% of every bank depositors savings will be taken and transferred to the central planners and central banksters.
[
link to www.telegraph.co.uk
]
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