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Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs

 
Anonymous Coward
User ID: 36297961
Luxembourg
03/17/2013 04:47 AM
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Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
[link to www.welt.de]

"Fear of a run on the banks: Cyprus government is the island's banks also hold still closed on Tuesday to forestall a run on the banks. This Cypriot state radio reported after the end of a cabinet meeting in Nicosia on Sunday morning.

The government would close the bank if needed to be longer, there should be no decision in Parliament on the controversial special levy on all bank accounts of the island, the report said. On Monday, the banks are closed for a holiday. "

[link to translate.google.de]


They are closing the Banks now until wednesday, and if needed longer just to prevent people from taking their money out and flashing the banks ...
Anonymous Coward
User ID: 31583213
03/17/2013 05:17 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
Daylight robbery on mass scale
Intella
User ID: 913721
Netherlands
03/17/2013 05:23 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
One of the main reasons which I explained in this thread :

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[link to en.wikipedia.org (secure)]

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Anonymous Coward
User ID: 24970002
United States
03/17/2013 05:24 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
If they get away with it in Cyprus, they are coming for the rest of us next. This is fucking outrage how they are just going to steal your money and there isn't a fucking thing you can do. Crazy!!
Anonymous Coward
User ID: 29507743
United States
03/17/2013 05:25 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
moneymoneymoneymoneymoneymoneymoney

explosionexplosionexplosionexplosionexplosionexplosionexplosionexplosionexplosionexplosionexplosionexplosionexplosion
ahhhahhhahhhahhhahhhahhhahhhahhhahhh
Anonymous Coward
User ID: 34276055
United States
03/17/2013 05:33 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
tiemunch
6EQUJ5

User ID: 1072087
United States
03/17/2013 05:39 AM

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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
Relax folks, it's just a bank holiday
Winners Always Win
losers always lose
Anonymous Coward
User ID: 1253249
United States
03/17/2013 05:39 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
bump
Anonymous Coward
User ID: 5847241
Indonesia
03/17/2013 05:40 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
Relax folks, it's just a bank holiday
 Quoting: 6EQUJ5


yea told that on you when the same thing happen in your country
Anonymous Coward
User ID: 1260049
Netherlands
03/17/2013 05:45 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
If they get away with it in Cyprus, they are coming for the rest of us next. This is fucking outrage how they are just going to steal your money and there isn't a fucking thing you can do. Crazy!!
 Quoting: Anonymous Coward 24970002


Yes you can, don't be a sheep and leave your money in their banks.

Watch now what will happen in Europe, not only in Cyprus, they just made their biggest mistake, now the end of the EU is assured.
Anonymous Coward
User ID: 9014106
Australia
03/17/2013 05:50 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
[link to www.welt.de]

"Fear of a run on the banks: Cyprus government is the island's banks also hold still closed on Tuesday to forestall a run on the banks. This Cypriot state radio reported after the end of a cabinet meeting in Nicosia on Sunday morning.

The government would close the bank if needed to be longer, there should be no decision in Parliament on the controversial special levy on all bank accounts of the island, the report said. On Monday, the banks are closed for a holiday. "

[link to translate.google.de]


They are closing the Banks now until wednesday, and if needed longer just to prevent people from taking their money out and flashing the banks ...
 Quoting: Anonymous Coward 36297961


... or murdering their employees.
Anonymous Coward
User ID: 36348318
Portugal
03/17/2013 05:50 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
Georgie Markides ‏@georgiemark
MT ‏@ReutersJamie Despite EU claims #Cyprus is a one-off,it's a"worrying precedent with potentially systemic conseq."-MorganStanley #econcy
insertfunnyusername

User ID: 35967835
Greece
03/17/2013 06:05 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
bump
Anonymous Coward
User ID: 35332711
France
03/17/2013 06:23 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
If somebody in any southern europe country still has money on his bank account by monday evening, then it will be their own fault and stupidity to get robbed by the banksters.

:Yes:
Anonymous Coward
User ID: 36350485
Portugal
03/17/2013 06:26 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
zerohedge ‏@zerohedge
Cyprus Parliament To Delay "Rescue" Vote Due To Lack Of Support, Despite ECB Pressure For Pre-Trade Open Decision [link to www.zerohedge.com] …
MPG
User ID: 26678455
Slovenia
03/17/2013 06:34 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
If somebody in any southern europe country still has money on his bank account by monday evening, then it will be their own fault and stupidity to get robbed by the banksters.

:Yes:
 Quoting: ^àTOn^


They can't take it out. You think they wouldn't if it was possible? Banks closed, ATM machines not giving money.
Anonymous Coward
User ID: 428255
Bulgaria
03/17/2013 06:45 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
[sarcasm]well that will certainly convince people they should not take their money out.[/sarcasm] crazy
Anonymous Coward
User ID: 1764289
United Kingdom
03/17/2013 06:51 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
Euro barely hanging on the end of a thin branch.

One little sneeze and there be no Euro and then the UN will disband.

Then we have the democratic power to deports all those parasites that these UN and Eurotrashes brought in without our permission.

That when peace cometh.
dookie stain
User ID: 1404507
United States
03/17/2013 06:54 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
At least in the running of the bulls, only a few people get the horns.......running of the banks?....not so much....
Anonymous Coward
User ID: 35985543
Germany
03/17/2013 06:55 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
its idiotic because in all other eu nations ther also will be bankruns.
Anonymous Coward
User ID: 36346546
Germany
03/17/2013 06:56 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
say it with me: Cypriots
Anonymous Coward
User ID: 1148563
03/17/2013 07:05 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
It's coming to the rest of the world. This will domino.

Good thing they can't confiscate my silver without a Swat team.
Brad Daylight

User ID: 34384416
United States
03/17/2013 07:13 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
Relax folks, it's just a bank holiday
 Quoting: 6EQUJ5


yea told that on you when the same thing happen in your country
 Quoting: Anonymous Coward 5847241


Bank holiday:

When the people you allowed to hold your money cut ties with you.

Imagine a friend in real life whom you gave your life savings to, one day he is gone and doesn't come back.

He comes back 1 year later, and says "hey I lost 10% of your money, heres the rest back thank you bye."
"I have felt despair many times in my life, but I do not keep a chair for it."
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Have a nice day, may God bless you :D
Anonymous Coward
User ID: 36137608
United States
03/17/2013 07:15 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
Now they're delaying the vote because of "lack of support." Did they really expect support on this issue?

The damage has been done. Europeans will probably hit the banks for 1% or 2% of deposits tomorrow (tonight). Hell, it might get out of hand as the week goes on.
thinkingoutsidetherho​mbus

User ID: 32161741
United States
03/17/2013 08:39 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
Now they're delaying the vote because of "lack of support." Did they really expect support on this issue?

The damage has been done. Europeans will probably hit the banks for 1% or 2% of deposits tomorrow (tonight). Hell, it might get out of hand as the week goes on.
 Quoting: Anonymous Coward 36137608


Yeah, I'm afraid it's going to end very badly no matter what they decide to do at this point.
I don't know where you get your delusions, laser brain.
Anonymous Coward
User ID: 961432
United States
03/17/2013 08:44 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
If somebody in any southern europe country still has money on his bank account by monday evening, then it will be their own fault and stupidity to get robbed by the banksters.

:Yes:
 Quoting: ^àTOn^


They can't take it out. You think they wouldn't if it was possible? Banks closed, ATM machines not giving money.
 Quoting: MPG 26678455


He means anyone in any other country within the Euro, not Cyprus.

.
Anonymous Coward
User ID: 961432
United States
03/17/2013 08:47 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
If they get away with it in Cyprus, they are coming for the rest of us next. This is fucking outrage how they are just going to steal your money and there isn't a fucking thing you can do. Crazy!!
 Quoting: Anonymous Coward 24970002


It's not your money until its in your hot little hands, literally. If its not in your hands its just digits in a computer that can be used by the banks for gambling or whacked, hacked even erased if they want.

Until you withdraw it what you think is your money is really the bank's plaything.

.
Anonymous Coward
User ID: 1560854
Romania
03/17/2013 08:52 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
If somebody in any southern europe country still has money on his bank account by monday evening, then it will be their own fault and stupidity to get robbed by the banksters.

:Yes:
 Quoting: ^àTOn^


bump
Anonymous Coward
User ID: 36352654
United States
03/17/2013 08:53 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
I thought this was about Miley Cyprus. Boring.
Anonymous Coward
User ID: 1704955
Canada
03/17/2013 08:54 AM
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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
Can't put the pin back in this grenade. Now that people can see that this is even a possibility, any remaining trust in the banks has been eroded. I don't think it matters if the looting takes place or not, the fear of it happening is the catalyst. Although this could be labelled as just another tax on the people, it is the means by which they have chosen to extort the funds that is so offensive. I think we can all finally agree that the gloves have come off in this fight.
Instant Karma
I can see for miles

User ID: 30388691
United States
03/17/2013 09:02 AM

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Re: Breaking: Cyprus Banks maybe Closed until wednesday or till the end of the week if necessary Fear of Bank Runs
[link to www.welt.de]

"Fear of a run on the banks: Cyprus government is the island's banks also hold still closed on Tuesday to forestall a run on the banks. This Cypriot state radio reported after the end of a cabinet meeting in Nicosia on Sunday morning.

The government would close the bank if needed to be longer, there should be no decision in Parliament on the controversial special levy on all bank accounts of the island, the report said. On Monday, the banks are closed for a holiday. "

[link to translate.google.de]


They are closing the Banks now until wednesday, and if needed longer just to prevent people from taking their money out and flashing the banks ...
 Quoting: Anonymous Coward 36297961


If you're trying to start a bank run, this is the way to do it. Why don't they just have a withdrawal limit? An extended bank holiday will just create a panic.
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