Cyprus IS going to reject the EU bailout deal

I loved visiting Cyprus. Everyone was so chilled and enjoying the natural beauty of the ocean they had preserved.

Great place to escape. I hope you pick the right help in your balancing act in the crazy world around you.

You know i never understood how cyprus and its banks end up close to default, if they had all these money running and investments and all..

You see, there mustnt be places for the average person to escape any more...

Mari explosion, Greek bond haircut are the main reasons for Cyprus woes.

In guess that the dozens of fighter planes from Russia and Ukraine that landed in Cyprus (and still coming) will make the S to HTF earlier than expected...

Last Edited by Recollector on 03/19/2013 10:17 AM

yep but at the same time many greek money went there too
(from the bank run here)

Not fighter jets man, private jets.

This!!!

You mean this ?

[link to www.stratpost.com]

This is private too :)

ok i want one of these too.. but with a little bigger salon!

If i remember corectly about 5BN went to Cyprus from Greece after the bank run here, not enough to cover the huge damages. Biggest problem for Cypriot banks was that they were holding a disproportionate number of Greek bonds compared to the size of the Cypriot economy. Non-performing loans was/is also a big problem, they currently amount to 19.5 billion euros, an amount that corresponds to 26.5% of bank loans

Detailed read on how Cyprus reached to the current financial situation.
[link to www.foreignaffairs.gr]

Nad here is the Italy 10 year

[link to www.bloomberg.com]

When 10 years bonds pass %5, watch out !!!

Funny times ahead, contagion is the key word, if the bank runs happen in Italy and Spain, World is Doomed and we are already expecting this, are`t we ?

And

Cyprus finance minister denies resignation report

hmmm maybe the russians agreed?

The bailout rejected by Cyprus, very nice.

On the plus side, property and holidays in Cyprus will be cheaper :)

Oh yeah, here comes the low-life opportunist :)

Capitalism? We've not had anything resemblind capitalism for a very long time. Oh, they *CALL* it that, but it is not. It is manipulated, top down, economic totalitarianism.

...like re-educating the slaves that their way of life is freedom but if they were to be freed and allowed to live as they please, oh, no! That is slavery.

We DO NOT HAVE CAPITALISM! We have a kind of pseudo-fascism where state corporations and private corporations mingle and mix and fuck us all over. Get a clue. If you look at the world, capitalism hasn't been around for a very long time. The process died at least 60 years ago but they couldn't confiscate the dictionaries and reprint them to get rid of the word so, instead, they just re-defined it.

Word Magic - If you can't get people to let go of a subject, redefine that subject.

War is peace.
Ignorance is wisdom.
Freedom is slavery.