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Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES

 
Anonymous Coward
User ID: 30492845
Denmark
03/16/2013 06:28 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
While I don't accept this move, let me say that it is much better than:

Bailing out all banks with government money, then fleecing the same money from the taxpayers through taxes and inflation.

This is what YOUR leaders already have done to YOU in the US.

And they took much more than 6.5% of your savings, let me tell you.

The problem is, you don't understand, you don't care and all you do is bitch and whine, instead of actually doing something about it.

If all US Citizens pulled their savings out of the banks, the banks would go bankrupt.

I hope this spreads in Italy, Spain, Portugal and Greece.
 Quoting: Pathaka


"much better than..."
They can actually do both (and they will).
 Quoting: Anonymous Coward 300487


They are already doing both in some occasions.
People pay tax, policy makers, bankers and politicians didn't spend the tax money responsibly.
Now people in Cyprus get to pay again.
If i remember correctly at least in Greece case, and suggested in most austerity plans when countries in the eu first show signs of trouble, are raising taxes for the citizens to get more money.
So.. tax.. plus more tax.. then when your government doesn't spend it right, they'll just take a certain percentage out of each bank account.

On top of that central banks are punching more and more artificial numbers into computers to come up with money to use for bailouts- which will eventually create inflation.. et voila..
Anonymous Coward
User ID: 33724411
03/16/2013 06:29 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
this is now in the media in germany and the european union everywhere!!!

Millions of people are commenting that they will get their money out of the banks when they open next week! This is Huge

everyone who has under 100.000 euros in the bank must pay 6,8% to save the banks! if cyprus cant handle that then they do the same in germany italy spain etc..

i think that will be doom for sure next week
 Quoting: Anonymous Coward 35428972


aren't you overreacting now? please give some sources to back up your statement.
 Quoting: Anonymous Coward 14505884


Spanish forums/media/social networks are on fire right now... Panic is spreading.
 Quoting: Anonymous Coward 36232703


Any Spaniard who leaves money in spanish banks would be careless.
Anonymous Coward
User ID: 25949992
Finland
03/16/2013 06:30 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Coming to a country and bank near you.

If one does it, others will follow since they can see how lucrative this can be for the governments.
 Quoting: Anonymous Coward 32381040


It does smell like a test run.
Anonymous Coward
User ID: 20056488
United States
03/16/2013 06:31 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
why heck at this point has the world not just rolled tanks around the borders of belgium and switzerland
Anonymous Coward
User ID: 29610930
United States
03/16/2013 06:32 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
bump
Anonymous Coward
User ID: 1277757
Saudi Arabia
03/16/2013 06:35 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Image of the Cypriot ATMs
[link to twitter.com (secure)]

It says:
Your transaction has been canceled due to technical problem.
The ATM can not make any withdrawls at the moment.
Do you wish any further transactions?
 Quoting: Foveras


Online accounts are down also. tomato
An Ordinary Greek
User ID: 36232885
Greece
03/16/2013 06:35 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
RIP Eurozone

1999-2013
Anonymous Coward
User ID: 25152382
United States
03/16/2013 06:36 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
EU's Rehn says Cypriot haircut on deposits will not be repeated elsewhere


SURE?????

Rehn said he doesn’t expect an adverse market reaction to the precedent-setting tax on deposits both above and below the insured limit of 100,000 euros.


Asked whether a future EU-mandated bank levy can be categorically ruled out, Rehn said that “it can and there is no concrete case where it should be considered.”


[link to www.ekathimerini.com]
Anonymous Coward
User ID: 16488245
Philippines
03/16/2013 06:38 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
mark of the beast is almost ere you idiots , this is all engineered
 Quoting: Anonymous Coward 36019869


they are all focused on the money and they would gladly take the mark for a guarantee of security
Anonymous Coward
User ID: 33724411
03/16/2013 06:42 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
EU's Rehn says Cypriot haircut on deposits will not be repeated elsewhere


SURE?????

Rehn said he doesn’t expect an adverse market reaction to the precedent-setting tax on deposits both above and below the insured limit of 100,000 euros.


Asked whether a future EU-mandated bank levy can be categorically ruled out, Rehn said that “it can and there is no concrete case where it should be considered.”


[link to www.ekathimerini.com]
 Quoting: Anonymous Coward 25152382


That is really reassuring.
Anonymous Coward
User ID: 36137608
United States
03/16/2013 06:42 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
The government of Cyprus will (already has) realized that their plan is faulty because when they go for the money it won't be there. The only solution is to freeze people out of their accounts until the government can steal it's share.
Anonymous Coward
User ID: 19352690
United States
03/16/2013 06:43 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Why even play. Just buy some bitcoins and silver
nzreva

User ID: 19624091
United States
03/16/2013 06:47 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
monopolyrun
 Quoting: insertfunnyusername


lolsign
Anonymous Coward
User ID: 19124876
France
03/16/2013 06:48 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
In french
[link to www.agoravox.fr]
SteamrolledGobias

User ID: 15716609
United States
03/16/2013 06:49 AM

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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Coming to a country and bank near you.

If one does it, others will follow since they can see how lucrative this can be for the governments.
 Quoting: Anonymous Coward 32381040


It does smell like a test run.
 Quoting: Anonymous Coward 25949992


seriously...

and cyprus is a fairly small island if I am correct? I dont know a lot about the gov't or the people, but this could be a test on a smaller scale.
Anonymous Coward
User ID: 29658363
Portugal
03/16/2013 06:50 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Chaos is coming thIS is the last pope before the false prophet:
NOW IS TIME!!!
Pool
User ID: 35228832
United Kingdom
03/16/2013 06:50 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Europe needs to do what Iceland did.
 Quoting: Anonymous Coward 15745311


Yeah, but Europe is totally controlled by banksters, so...1dunno1
 Quoting: Anonymous Coward 36294072


Lol people from Greece and Spain should never be able to give advice about money.
 Quoting: Pool 35228832


Dude, your country is owned by Rothschilds (aka banksters) and an old lady. Iceland got rid of "British" (aka Rothschild) banksters and eventually got back on track. Most of the debt in Greece is due to bailouts given to greek and foreign banksters in Greece from the Greek government.
 Quoting: Anonymous Coward 36294072


There's a thing called tax try paying it one day. In your fantasy world the uks owned by a lizard queen and the all powerful Rothschild meanwhile in the real world you are literally owned Germany.
bluegirlredstate
User ID: 17412035
United States
03/16/2013 06:52 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Coing to Amerika!!!!

[link to economicrisis.com]
Anonymous Coward
User ID: 35786608
United States
03/16/2013 06:52 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
That's so unfair and I bet the governmant knows what each person has in that bank so even withdrawing the money wont help....I suppose the answer here is to withdraw any money from bank accounts and buy a safe to keep it in at home.....
 Quoting: Anonymous Coward 26448516


THIS
I have an agree'd overdraught on mine but always withdraw anything I get over it and keep *somewhere safe* out in the countryside throughout various places, aswell as investing in physical property such as CDs/DVDs, etc.
Anonymous Coward
User ID: 33724411
03/16/2013 06:54 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
...


Yeah, but Europe is totally controlled by banksters, so...1dunno1
 Quoting: Anonymous Coward 36294072


Lol people from Greece and Spain should never be able to give advice about money.
 Quoting: Pool 35228832


Dude, your country is owned by Rothschilds (aka banksters) and an old lady. Iceland got rid of "British" (aka Rothschild) banksters and eventually got back on track. Most of the debt in Greece is due to bailouts given to greek and foreign banksters in Greece from the Greek government.
 Quoting: Anonymous Coward 36294072


There's a thing called tax try paying it one day. In your fantasy world the uks owned by a lizard queen and the all powerful Rothschild meanwhile in the real world you are literally owned Germany.
 Quoting: Pool 35228832


Dude, even your english football is totally owned by Jews. Don't be so ignorant.
insertfunnyusername

User ID: 35967835
Greece
03/16/2013 06:58 AM

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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
This is a crime against humanity!

They say at a saturday morning, that everyone who has under 100.000 eur in the bank account must pay 7%, they just take the money from people! they didnt even ask or say something about it! they just have frozen those amounts from 6% now!

and people want their money out now before it gets worse!

here in germany too soon they realize that it is better to rescure the money before they freeze the amounts

Doom On
 Quoting: Anonymous Coward 35428972


This sets a precedent in the euro crisis and shows that no one is safe with his money, doesn't matter how they'll try to paint this out, it's just a tax or not bla bla, this is an unilateral move that clearly states that your govt can take your money any time they want, 10% today, maybe 40% tomorrow, who knows really. anon
 Quoting: insertfunnyusername


just imagine youre a hard working man to give your family to eat .. and now they just take your money if they need it WTF its about time to react this cant be true
 Quoting: Anonymous Coward 35428972


It's a collective punishment if you do this thing without setting some criteria first, like exemption of small deposits, people with low/no income etc. In the livestream i posted before heard about some cases that they had money in the bank just for a day or two to pay bills and stuff, they got a haircut too. Heard about a billionaire that moved money there yesterday and got a haircut of millions, won't do business in Cyprus again in his life. It'll be interesting to see if a bank run in the rest of Europe will be initiated by this move.
Anonymous Coward
User ID: 36256263
Poland
03/16/2013 07:00 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
bumpbumpbump
freeasabee1

User ID: 28774186
Canada
03/16/2013 07:00 AM

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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
someone is trying to use a bulldozer to get their money out....

[link to picasaweb.google.com (secure)]




wtf
Ice
ice

User ID: 26368049
United States
03/16/2013 07:01 AM

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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Money is at faith value

No faith no value
Chill - Enjoy - Relax
Anonymous Coward
User ID: 35390350
United Kingdom
03/16/2013 07:02 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
This may be the start of bankruns early monday.

I wouldnt wait.
Physicist

User ID: 36037348
United Kingdom
03/16/2013 07:03 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES


Well, don't say you weren't WARNED
Anonymous Coward
User ID: 33724411
03/16/2013 07:03 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
someone is trying to use a bulldozer to get their money out....

[link to picasaweb.google.com (secure)]




wtf
 Quoting: freeasabee1


clappa
energywithin

User ID: 36290083
Cyprus
03/16/2013 07:03 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
[link to www.cyprus-mail.com]

The above is a link to the Cyprus Mail there is more information on here together with comments at the bottom, I did read one who said they made a withdrawal from an ATM and the date of withdrawal has been put to 19 march??? how fraudulent is that???
Anonymous Coward
User ID: 19124876
France
03/16/2013 07:04 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
[link to thenextrecession.wordpress.com]

Snip:

And the Euro crisis continues elsewhere. As I write, the EU leaders have just decided on a Troika bailout programme for Cyprus, where the banks have been driven to the wall through acting as a conduit for Russian oligarchs’ ‘hot money’ flows. Cyprus’ economic boom prior to the crisis was based entirely on providing a safe haven for illicit Russian funds, laundering them so they could then be sent back into Russia ‘clean’. Cyprus attracted $119.7bn of Russian “investment” in 2011 while itself transferring $129.9bn to Russia the same year, equivalent to more than five times the island’s annual output, according to Global Financial Integrity, a US-based money laundering watchdog. Raymond Baker, GFI’s director, said the amounts reflected “round-tripping” of illicit funds exported from Russia to companies based in Cyprus. The funds then flowed back as legitimate investment.



“I don’t think Cyprus has cleaned up its act. It’s still a centre for disguised entities and for money of suspect origin,” Mr Baker said. “I think the amount of legitimate Russian money coming into Cyprus would be minuscule.” Cypriot banks used these deposits to invest all over the place: in Greek assets (!) and in property all over Europe. Now these assets are worthless and they are bust and yet they must meet their obligations to the Russian depositors. The EU leaders were divided about what to do: they did not want to bail out Russian mafia, but they did not want to set a precedent by reneging on bank debts in case this was used by anti-austerity movements, as in Slovenia, to do the same. Under pressure from the IMF, the EU leaders have decided that the Russian depositors must take a 10% ‘haircut’ on their deposits, so that of the €17bn needed, only €10bn will now come from the Troika. Even so, that is a huge burden for Cypriots, equivalent to 40% of annual GDP. This will be agreed to by Cyprus which has just elected a centre-right president pledged to do so, after throwing out a ‘Communist’ president who was also imposing austerity.
Anonymous Coward
User ID: 22453342
United States
03/16/2013 07:05 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Real doom unfolding and GLP is silent.....
 Quoting: Anonymous Coward 35648176


maybe theyare all out at their banks right now.

Go look; maybe youwill get to see long lines at the throughs and/or ATM's

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