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Cyprus banks may never open again

 
Anonymous Coward
User ID: 35253540
United States
03/20/2013 04:45 PM
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Re: Cyprus banks may never open again
Banks are closed until "Early next week."
Anonymous Coward
User ID: 33724411
03/20/2013 04:47 PM
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Re: Cyprus banks may never open again
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Well, if that is the behaviour Russia wnats to show the world, I say let them eat the cyprotic banks, if they love them so much.
 Quoting: Anonymous Coward 33724411


Russia is NOT going to stand by and let their money go down the drain.

Don't you understand that?

Putin is ex-KGB.

He basically ordered that Soviet KGB defector in England to be killed with RADIATION POISONING afew years ago. And he was. Horrible way he died too.

You think, then, he would hesitate to get the Russian Mob or some of his ex-KGB buddies to do a little "house cleaning" in Cyprus?

No, he would not.
 Quoting: Anonymous Coward 777204


Don't you understand, I don't care about your russian bad boys. And so does noone else in germany. If they want their money back they should take care of it themselvse, not expect the german nation to pay for their dirt.
 Quoting: Anonymous Coward 33724411


Yes, that´s true.

Except that it´s more complicated than that. German banks are also exposed. And Germany wants to keep the euro.

So, there are reasons Germany wants to get involved.

By the way, the other half of Cyprus has the Turkish lira and none of the problems with the banks.

The euro has created many of the problems, including the real estate bubbles and the excessive increase in public debt. Without the euro, local currencies would have depreciated and investors would have been cautious. Interest rates would have been higher and inflating real estate bubbles would not have inflated.
 Quoting: Anonymous Coward 36540283


Yes, its time to end the Euro for Cyprus. And I suspect Merkel and Schaeuble are ready for it.
Anonymous Coward (OP)
User ID: 14524586
United States
03/20/2013 04:49 PM
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You watch to many movies. Noone is threatened by russian thugs.
 Quoting: Anonymous Coward 33724411


You are naive. I don't watch too many movies these days and have rarely watched a mafia movie in my entire life. I saw one Godfather movie, but none of the other popular movies of that era.

Russian hit men don't threaten. According to my source on this sort of thing (his wife's family was mafia), he says professional hits are often done by Russian hit men.

You might recall a couple of high profile hits in recent years. In one case the man was contaminated with a high level of radioactive material. His body became grotesque in its appearance. The victim made public appearances in an attempt to shame the Russian government.

It had no impact on the Russian government. They were behind it.

Putin would stand 100% behind the 'dons' if they decide to start killing a few people. He is thoroughly outraged and pissed by this theft.

IOW, the Germans would get zero cooperation from the Russian government in trying to find the killers.
 Quoting: Anonymous Coward 36555921


If Putin is so outraged, that he would consider such a serious detoriation in the relationship towards Germany, then he should foot the bil.

The choice still stands for Russia, they take a hit or they pay it themselves. There is no reason at all, why Germany should pay for russian money.
 Quoting: Anonymous Coward 33724411


Putin is going to want something in return because he knows these loans will never be repaid. Notice I said loans. The 5.8 billion they are supposedly fighting over right now is chump change... just enough to keep them afloat for a few months, so Russia is not going to keep throwing money at them. Rumors are that he wants a naval base and gas fields or both. I would need more than two hands to count all the countries that will not let either of these happen.
 Quoting: Anonymous Coward 14524586


While a bank run is bad, a dispute over vast energy sources between the EU and Russia could be much worse. Oh, by the way, there is another country that is highly invested in Cyprus gas... wait for it... Israel. Does anyone smell chemical weapons???
Anonymous Coward
User ID: 34907233
Germany
03/20/2013 04:50 PM
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Re: Cyprus banks may never open again
I feel sorry for the people of cyprus. its an absolute scam. by putting this tax even on the poor people of cyprus they just save 2 billion dollars. for 2 billion dollars they steal from all the people of an EU country. Its redicoulous!

2 billion is absolutley nothing and they risking a bank run that could spread all over europe.

Seriously it makes no sense. These 2 billion they can safe are not the reason they are doing this. There musst be bigger intentions behind that. Evil shit going on. our goverment is an absolute joke.


btw lol at people who think putin is pissed.

He loves this. cyprus finance minister is in moscow right now begging the kreml for money. Russia gonna help them but obv under special conditions. They gonna privatize that country.
Anonymous Coward
User ID: 777204
United States
03/20/2013 04:53 PM
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Re: Cyprus banks may never open again
I remember I was told about an elderly Cypriot lady yesterday on the news saying something to the effect-------

"The Germans have just started another war."

Sadly, I agree with that. Whether the whole nation or just its fucked-up government is responsible, it basically HAS started another war.

Yep.

This is crunch time for meltdown DOOM.
Anonymous Coward
User ID: 33724411
03/20/2013 04:54 PM
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Re: Cyprus banks may never open again
2 billion is absolutley nothing
 Quoting: Anonymous Coward 34907233


Do you know how many schools could be build with that money in Germany? How many Kindergarten places could be made.

I say there are lots of opportunities where that money is better spend then in Cyprus.
Anonymous Coward
User ID: 36555921
United States
03/20/2013 04:55 PM
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Tell that to Putin. He's PIIIIIISSSSEEEDDDDDD OFFFFF.
 Quoting: Anonymous Coward 777204


Did he have personal money in Cyprus or is he in the hands of russian thugs himself?
 Quoting: Anonymous Coward 33724411


It shocks you that Putin's friends are Russian mafia? Really?
 Quoting: Anonymous Coward 36555921


I considered that Putin acts in the interest of Russia not in the interest of criminals. Maybe I was wrong.
 Quoting: Anonymous Coward 33724411


Then you are a fool. Putin did something he probably never dreamed he would be doing...calling the president/PM of Cyprus. He probably didn't even know the guy's name a week ago.

The call wasn't to schedule a tennis date. But it turns out the real plan of the EU bankers all along was not to skim 10%. No, it is to seize the entire operation because the 10% plan was the poison pill that kills the ENTIRE Cyprian banking system.

So now Putin and the 'dons' will be setting their sites elsewhere. Yup, the EU bankers might be a little richer before they get snuffed out. But pissing off Putin this much by taking his friend's money is a kiss of death.

People are going to die. Shot dead. If they want to make it really scary, they'll do it like they did the Russian spy who fled to England.

Even the Rothchild's had better watch their backs.
Anonymous Coward
User ID: 777204
United States
03/20/2013 04:55 PM
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Re: Cyprus banks may never open again
I feel sorry for the people of cyprus. its an absolute scam. by putting this tax even on the poor people of cyprus they just save 2 billion dollars. for 2 billion dollars they steal from all the people of an EU country. Its redicoulous!

2 billion is absolutley nothing and they risking a bank run that could spread all over europe.

Seriously it makes no sense. These 2 billion they can safe are not the reason they are doing this. There musst be bigger intentions behind that. Evil shit going on. our goverment is an absolute joke.


btw lol at people who think putin is pissed.

He loves this. cyprus finance minister is in moscow right now begging the kreml for money. Russia gonna help them but obv under special conditions. They gonna privatize that country.
 Quoting: Anonymous Coward 34907233


Maybe Russia will use Cyprus as a vacation paradise for tired middle-class Russians?

LOl.
Anonymous Coward
User ID: 33724411
03/20/2013 04:56 PM
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Re: Cyprus banks may never open again
I remember I was told about an elderly Cypriot lady yesterday on the news saying something to the effect-------

"The Germans have just started another war."

Sadly, I agree with that. Whether the whole nation or just its fucked-up government is responsible, it basically HAS started another war.

Yep.

This is crunch time for meltdown DOOM.
 Quoting: Anonymous Coward 777204


I expect the cypritic lady expect an endless flow of free german money into her country and if not she declares war on germany.
Anonymous Coward
User ID: 777204
United States
03/20/2013 04:56 PM
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Re: Cyprus banks may never open again
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Did he have personal money in Cyprus or is he in the hands of russian thugs himself?
 Quoting: Anonymous Coward 33724411


It shocks you that Putin's friends are Russian mafia? Really?
 Quoting: Anonymous Coward 36555921


I considered that Putin acts in the interest of Russia not in the interest of criminals. Maybe I was wrong.
 Quoting: Anonymous Coward 33724411


Then you are a fool. Putin did something he probably never dreamed he would be doing...calling the president/PM of Cyprus. He probably didn't even know the guy's name a week ago.

The call wasn't to schedule a tennis date. But it turns out the real plan of the EU bankers all along was not to skim 10%. No, it is to seize the entire operation because the 10% plan was the poison pill that kills the ENTIRE Cyprian banking system.

So now Putin and the 'dons' will be setting their sites elsewhere. Yup, the EU bankers might be a little richer before they get snuffed out. But pissing off Putin this much by taking his friend's money is a kiss of death.

People are going to die. Shot dead. If they want to make it really scary, they'll do it like they did the Russian spy who fled to England.

Even the Rothchild's had better watch their backs.
 Quoting: Anonymous Coward 36555921


I DID mention that case of the Russain spy in England some posts back. Ghastly. The Eu does not know who it is dealing with.
Anonymous Coward
User ID: 777204
United States
03/20/2013 04:59 PM
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Re: Cyprus banks may never open again
I remember I was told about an elderly Cypriot lady yesterday on the news saying something to the effect-------

"The Germans have just started another war."

Sadly, I agree with that. Whether the whole nation or just its fucked-up government is responsible, it basically HAS started another war.

Yep.

This is crunch time for meltdown DOOM.
 Quoting: Anonymous Coward 777204


I expect the cypritic lady expect an endless flow of free german money into her country and if not she declares war on germany.
 Quoting: Anonymous Coward 33724411


Well, so you are saying this is ALL the Cypriot's fault, then?

The Eu and Germany have nothing to say for themselves regarding this?

really?
Anonymous Coward
User ID: 33724411
03/20/2013 05:01 PM
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Re: Cyprus banks may never open again
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Did he have personal money in Cyprus or is he in the hands of russian thugs himself?
 Quoting: Anonymous Coward 33724411


It shocks you that Putin's friends are Russian mafia? Really?
 Quoting: Anonymous Coward 36555921


I considered that Putin acts in the interest of Russia not in the interest of criminals. Maybe I was wrong.
 Quoting: Anonymous Coward 33724411


Then you are a fool. Putin did something he probably never dreamed he would be doing...calling the president/PM of Cyprus. He probably didn't even know the guy's name a week ago.

The call wasn't to schedule a tennis date. But it turns out the real plan of the EU bankers all along was not to skim 10%. No, it is to seize the entire operation because the 10% plan was the poison pill that kills the ENTIRE Cyprian banking system.

So now Putin and the 'dons' will be setting their sites elsewhere. Yup, the EU bankers might be a little richer before they get snuffed out. But pissing off Putin this much by taking his friend's money is a kiss of death.

People are going to die. Shot dead. If they want to make it really scary, they'll do it like they did the Russian spy who fled to England.

Even the Rothchild's had better watch their backs.
 Quoting: Anonymous Coward 36555921


Well, he can try to off some bankers if he likes. I don't have a problem with that. But that wont give him access to his lost russian money at all. And it would shine a very bad light on his country, where for sure foreign investemnt would drop dramatically, when it becomes obvious which state of mind runs that shithole.
Anonymous Coward
User ID: 33724411
03/20/2013 05:02 PM
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Re: Cyprus banks may never open again
I remember I was told about an elderly Cypriot lady yesterday on the news saying something to the effect-------

"The Germans have just started another war."

Sadly, I agree with that. Whether the whole nation or just its fucked-up government is responsible, it basically HAS started another war.

Yep.

This is crunch time for meltdown DOOM.
 Quoting: Anonymous Coward 777204


I expect the cypritic lady expect an endless flow of free german money into her country and if not she declares war on germany.
 Quoting: Anonymous Coward 33724411


Well, so you are saying this is ALL the Cypriot's fault, then?

The Eu and Germany have nothing to say for themselves regarding this?

really?
 Quoting: Anonymous Coward 777204


Of course its Cyprus' fault, are you facetious?
Anonymous Coward
User ID: 777204
United States
03/20/2013 05:02 PM
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Re: Cyprus banks may never open again
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It shocks you that Putin's friends are Russian mafia? Really?
 Quoting: Anonymous Coward 36555921


I considered that Putin acts in the interest of Russia not in the interest of criminals. Maybe I was wrong.
 Quoting: Anonymous Coward 33724411


Then you are a fool. Putin did something he probably never dreamed he would be doing...calling the president/PM of Cyprus. He probably didn't even know the guy's name a week ago.

The call wasn't to schedule a tennis date. But it turns out the real plan of the EU bankers all along was not to skim 10%. No, it is to seize the entire operation because the 10% plan was the poison pill that kills the ENTIRE Cyprian banking system.

So now Putin and the 'dons' will be setting their sites elsewhere. Yup, the EU bankers might be a little richer before they get snuffed out. But pissing off Putin this much by taking his friend's money is a kiss of death.

People are going to die. Shot dead. If they want to make it really scary, they'll do it like they did the Russian spy who fled to England.

Even the Rothchild's had better watch their backs.


Well, he can try to off some bankers if he likes. I don't have a problem with that. But that wont give him access to his lost russian money at all. And it would shine a very bad light on his country, where for sure foreign investemnt would drop dramatically, when it becomes obvious which state of mind runs that shithole.


Like Putin cares. The guy is basically unelected Emperor of his country-----don't you know that?
 Quoting: Anonymous Coward 36555921
 Quoting: Anonymous Coward 33724411
Anonymous Coward
User ID: 777204
United States
03/20/2013 05:03 PM
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Re: Cyprus banks may never open again
I remember I was told about an elderly Cypriot lady yesterday on the news saying something to the effect-------

"The Germans have just started another war."

Sadly, I agree with that. Whether the whole nation or just its fucked-up government is responsible, it basically HAS started another war.

Yep.

This is crunch time for meltdown DOOM.
 Quoting: Anonymous Coward 777204


I expect the cypritic lady expect an endless flow of free german money into her country and if not she declares war on germany.
 Quoting: Anonymous Coward 33724411


Well, so you are saying this is ALL the Cypriot's fault, then?

The Eu and Germany have nothing to say for themselves regarding this?

really?
 Quoting: Anonymous Coward 777204


Of course its Cyprus' fault, are you facetious?
 Quoting: Anonymous Coward 33724411


ALL of it?

You must be living in an Alternate Universe from the rest of us GLPers. I guess so.
Anonymous Coward
User ID: 34907233
Germany
03/20/2013 05:03 PM
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Re: Cyprus banks may never open again
2 billion is absolutley nothing
 Quoting: Anonymous Coward 34907233


Do you know how many schools could be build with that money in Germany? How many Kindergarten places could be made.

I say there are lots of opportunities where that money is better spend then in Cyprus.
 Quoting: Anonymous Coward 33724411


are you an idiot? we have schools and kindergarten for everyone in germany. 2 billion is a drop in the ocean compared to the damage they will cause.

Soon people in Greece will think, "wait a minute mabye next week they do the same in greece. i ebtetr cashout before they steal 10% from my bank account. " Then people in spain, then italy, ireland...


why would people trust a bank anymore when they can just take 10% from your bank to chase their losses?

And the banks only have a fraction of the money that people will demand once evryone cashes out.

its absolutley crazy what they are risking just to say "we make the rules!"
Anonymous Coward
User ID: 777204
United States
03/20/2013 05:04 PM
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Re: Cyprus banks may never open again
2 billion is absolutley nothing
 Quoting: Anonymous Coward 34907233


Do you know how many schools could be build with that money in Germany? How many Kindergarten places could be made.

I say there are lots of opportunities where that money is better spend then in Cyprus.
 Quoting: Anonymous Coward 33724411


are you an idiot? we have schools and kindergarten for everyone in germany. 2 billion is a drop in the ocean compared to the damage they will cause.

Soon people in Greece will think, "wait a minute mabye next week they do the same in greece. i ebtetr cashout before they steal 10% from my bank account. " Then people in spain, then italy, ireland...


why would people trust a bank anymore when they can just take 10% from your bank to chase their losses?

And the banks only have a fraction of the money that people will demand once evryone cashes out.

its absolutley crazy what they are risking just to say "we make the rules!"
 Quoting: Anonymous Coward 34907233


Absolutely.
Anonymous Coward
User ID: 33724411
03/20/2013 05:06 PM
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I expect the cypritic lady expect an endless flow of free german money into her country and if not she declares war on germany.
 Quoting: Anonymous Coward 33724411


Well, so you are saying this is ALL the Cypriot's fault, then?

The Eu and Germany have nothing to say for themselves regarding this?

really?
 Quoting: Anonymous Coward 777204


Of course its Cyprus' fault, are you facetious?
 Quoting: Anonymous Coward 33724411


ALL of it?

You must be living in an Alternate Universe from the rest of us GLPers. I guess so.
 Quoting: Anonymous Coward 777204


I am not living in the universe where anyone other than cypriots ran Cyprus into the ground. Who is the president of Cyprus? Who runs the cypriotic banks? Not cypriots?
Anonymous Coward
User ID: 33724411
03/20/2013 05:09 PM
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Re: Cyprus banks may never open again
2 billion is absolutley nothing
 Quoting: Anonymous Coward 34907233


Do you know how many schools could be build with that money in Germany? How many Kindergarten places could be made.

I say there are lots of opportunities where that money is better spend then in Cyprus.
 Quoting: Anonymous Coward 33724411


are you an idiot? we have schools and kindergarten for everyone in germany.
 Quoting: Anonymous Coward 34907233


You liar. Are you even german? Have you ever talked to german people who would like to bring the children to a kindergarten? It is very hard to get a place, in some places it is almost impossible.

There are lots of schools who are old and need to be modernized.
Anonymous Coward
User ID: 777204
United States
03/20/2013 05:09 PM
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Re: Cyprus banks may never open again
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Well, so you are saying this is ALL the Cypriot's fault, then?

The Eu and Germany have nothing to say for themselves regarding this?

really?
 Quoting: Anonymous Coward 777204


Of course its Cyprus' fault, are you facetious?
 Quoting: Anonymous Coward 33724411


ALL of it?

You must be living in an Alternate Universe from the rest of us GLPers. I guess so.
 Quoting: Anonymous Coward 777204


I am not living in the universe where anyone other than cypriots ran Cyprus into the ground. Who is the president of Cyprus? Who runs the cypriotic banks? Not cypriots?
 Quoting: Anonymous Coward 33724411


And who demanded the ridiculous 15% or so confiscation tax, then------the Cypriots themselves?

have you been paying attention at all to what the posters here have been saying?

Sigh.........
Anonymous Coward
User ID: 36540283
Germany
03/20/2013 05:10 PM
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Russia is NOT going to stand by and let their money go down the drain.

Don't you understand that?

Putin is ex-KGB.

He basically ordered that Soviet KGB defector in England to be killed with RADIATION POISONING afew years ago. And he was. Horrible way he died too.

You think, then, he would hesitate to get the Russian Mob or some of his ex-KGB buddies to do a little "house cleaning" in Cyprus?

No, he would not.
 Quoting: Anonymous Coward 777204


Don't you understand, I don't care about your russian bad boys. And so does noone else in germany. If they want their money back they should take care of it themselvse, not expect the german nation to pay for their dirt.
 Quoting: Anonymous Coward 33724411


Yes, that´s true.

Except that it´s more complicated than that. German banks are also exposed. And Germany wants to keep the euro.

So, there are reasons Germany wants to get involved.

By the way, the other half of Cyprus has the Turkish lira and none of the problems with the banks.

The euro has created many of the problems, including the real estate bubbles and the excessive increase in public debt. Without the euro, local currencies would have depreciated and investors would have been cautious. Interest rates would have been higher and inflating real estate bubbles would not have inflated.
 Quoting: Anonymous Coward 36540283


Yes, its time to end the Euro for Cyprus. And I suspect Merkel and Schaeuble are ready for it.
 Quoting: Anonymous Coward 33724411


I think it would be better for Germany to leave the euro. Pretty much all the other countries want to print money. If they leave, the reconversion is a mess.

If Germany leaves, it´s much more manageable. Also, Germany´s public debt is denominated in euros. If the euro loses value, Germany´s debt would start to vanish... without even having to pay for it!
Anonymous Coward
User ID: 33724411
03/20/2013 05:12 PM
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Re: Cyprus banks may never open again
Soon people in Greece will think, "wait a minute mabye next week they do the same in greece. i ebtetr cashout before they steal 10% from my bank account. " Then people in spain, then italy, ireland...


why would people trust a bank anymore when they can just take 10% from your bank to chase their losses?

And the banks only have a fraction of the money that people will demand once evryone cashes out.

its absolutley crazy what they are risking just to say "we make the rules!"
 Quoting: Anonymous Coward 34907233


There is no bankrun in Greece.

the question here is, will Germany pay, or will Germany not pay.

If you care about what greeks say, then you will always get the answer, that Germany should pay.
Anonymous Coward
User ID: 777204
United States
03/20/2013 05:13 PM
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Don't you understand, I don't care about your russian bad boys. And so does noone else in germany. If they want their money back they should take care of it themselvse, not expect the german nation to pay for their dirt.
 Quoting: Anonymous Coward 33724411


Yes, that´s true.

Except that it´s more complicated than that. German banks are also exposed. And Germany wants to keep the euro.

So, there are reasons Germany wants to get involved.

By the way, the other half of Cyprus has the Turkish lira and none of the problems with the banks.

The euro has created many of the problems, including the real estate bubbles and the excessive increase in public debt. Without the euro, local currencies would have depreciated and investors would have been cautious. Interest rates would have been higher and inflating real estate bubbles would not have inflated.
 Quoting: Anonymous Coward 36540283


Yes, its time to end the Euro for Cyprus. And I suspect Merkel and Schaeuble are ready for it.
 Quoting: Anonymous Coward 33724411


I think it would be better for Germany to leave the euro. Pretty much all the other countries want to print money. If they leave, the reconversion is a mess.

If Germany leaves, it´s much more manageable. Also, Germany´s public debt is denominated in euros. If the euro loses value, Germany´s debt would start to vanish... without even having to pay for it!
 Quoting: Anonymous Coward 36540283


Good solution, there...............................tell that to the other guy in here...................LOL.
Anonymous Coward
User ID: 33724411
03/20/2013 05:13 PM
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Of course its Cyprus' fault, are you facetious?
 Quoting: Anonymous Coward 33724411


ALL of it?

You must be living in an Alternate Universe from the rest of us GLPers. I guess so.
 Quoting: Anonymous Coward 777204


I am not living in the universe where anyone other than cypriots ran Cyprus into the ground. Who is the president of Cyprus? Who runs the cypriotic banks? Not cypriots?
 Quoting: Anonymous Coward 33724411


And who demanded the ridiculous 15% or so confiscation tax, then------the Cypriots themselves?

have you been paying attention at all to what the posters here have been saying?

Sigh.........
 Quoting: Anonymous Coward 777204


What proposal do the cypriots expect should Germany make?
Anonymous Coward
User ID: 34907233
Germany
03/20/2013 05:14 PM
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Re: Cyprus banks may never open again
2 billion is absolutley nothing
 Quoting: Anonymous Coward 34907233


Do you know how many schools could be build with that money in Germany? How many Kindergarten places could be made.

I say there are lots of opportunities where that money is better spend then in Cyprus.
 Quoting: Anonymous Coward 33724411


are you an idiot? we have schools and kindergarten for everyone in germany.
 Quoting: Anonymous Coward 34907233


You liar. Are you even german? Have you ever talked to german people who would like to bring the children to a kindergarten? It is very hard to get a place, in some places it is almost impossible.

There are lots of schools who are old and need to be modernized.
 Quoting: Anonymous Coward 33724411



lol what a load of bullshit. There is free school and kindergarten for everyone in germany.

The fact that you ingore all my valid arguments and just quote one line shows that you hvae no answers.


yes, i am german and i know germans like you who are miserable all day long. You like to see people suffer for the sake of saying "told ya".
Anonymous Coward
User ID: 36540283
Germany
03/20/2013 05:14 PM
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Of course its Cyprus' fault, are you facetious?
 Quoting: Anonymous Coward 33724411


ALL of it?

You must be living in an Alternate Universe from the rest of us GLPers. I guess so.
 Quoting: Anonymous Coward 777204


I am not living in the universe where anyone other than cypriots ran Cyprus into the ground. Who is the president of Cyprus? Who runs the cypriotic banks? Not cypriots?
 Quoting: Anonymous Coward 33724411


And who demanded the ridiculous 15% or so confiscation tax, then------the Cypriots themselves?

have you been paying attention at all to what the posters here have been saying?

Sigh.........
 Quoting: Anonymous Coward 777204


Once things become so entangled, it is very difficult to say who´s at fault.

In a system where each country decides for itself and those who make bad investments stand lose most of these problems would not even occur.
Anonymous Coward
User ID: 777204
United States
03/20/2013 05:14 PM
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Re: Cyprus banks may never open again
Soon people in Greece will think, "wait a minute mabye next week they do the same in greece. i ebtetr cashout before they steal 10% from my bank account. " Then people in spain, then italy, ireland...


why would people trust a bank anymore when they can just take 10% from your bank to chase their losses?

And the banks only have a fraction of the money that people will demand once evryone cashes out.

its absolutley crazy what they are risking just to say "we make the rules!"
 Quoting: Anonymous Coward 34907233


There is no bankrun in Greece.

the question here is, will Germany pay, or will Germany not pay.

If you care about what greeks say, then you will always get the answer, that Germany should pay.
 Quoting: Anonymous Coward 33724411


They went through HELL on EARTH, though.

Maybe they have soemthing in there, though.

Just saying.
Anonymous Coward
User ID: 33724411
03/20/2013 05:16 PM
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Re: Cyprus banks may never open again
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Yes, that´s true.

Except that it´s more complicated than that. German banks are also exposed. And Germany wants to keep the euro.

So, there are reasons Germany wants to get involved.

By the way, the other half of Cyprus has the Turkish lira and none of the problems with the banks.

The euro has created many of the problems, including the real estate bubbles and the excessive increase in public debt. Without the euro, local currencies would have depreciated and investors would have been cautious. Interest rates would have been higher and inflating real estate bubbles would not have inflated.
 Quoting: Anonymous Coward 36540283


Yes, its time to end the Euro for Cyprus. And I suspect Merkel and Schaeuble are ready for it.
 Quoting: Anonymous Coward 33724411


I think it would be better for Germany to leave the euro. Pretty much all the other countries want to print money. If they leave, the reconversion is a mess.

If Germany leaves, it´s much more manageable. Also, Germany´s public debt is denominated in euros. If the euro loses value, Germany´s debt would start to vanish... without even having to pay for it!
 Quoting: Anonymous Coward 36540283


Good solution, there...............................tell that to the other guy in here...................LOL.
 Quoting: Anonymous Coward 777204


No, I also agree that Germany needs to exit the Euro. Maybe we can finish with this compromise.

hf
Anonymous Coward
User ID: 777204
United States
03/20/2013 05:16 PM
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Re: Cyprus banks may never open again
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ALL of it?

You must be living in an Alternate Universe from the rest of us GLPers. I guess so.
 Quoting: Anonymous Coward 777204


I am not living in the universe where anyone other than cypriots ran Cyprus into the ground. Who is the president of Cyprus? Who runs the cypriotic banks? Not cypriots?
 Quoting: Anonymous Coward 33724411


And who demanded the ridiculous 15% or so confiscation tax, then------the Cypriots themselves?

have you been paying attention at all to what the posters here have been saying?

Sigh.........
 Quoting: Anonymous Coward 777204


Once things become so entangled, it is very difficult to say who´s at fault.

In a system where each country decides for itself and those who make bad investments stand lose most of these problems would not even occur.
 Quoting: Anonymous Coward 36540283


True-----I would say, though, a good portion of the fault lies with Germany, brussels, and the EU.

Maybe not all of it. Cyprus may have had a hand in it.

But ALL of it is Cypriot fault? Hell, no?
Anonymous Coward
User ID: 33724411
03/20/2013 05:17 PM
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Re: Cyprus banks may never open again
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Do you know how many schools could be build with that money in Germany? How many Kindergarten places could be made.

I say there are lots of opportunities where that money is better spend then in Cyprus.
 Quoting: Anonymous Coward 33724411


are you an idiot? we have schools and kindergarten for everyone in germany.
 Quoting: Anonymous Coward 34907233


You liar. Are you even german? Have you ever talked to german people who would like to bring the children to a kindergarten? It is very hard to get a place, in some places it is almost impossible.

There are lots of schools who are old and need to be modernized.
 Quoting: Anonymous Coward 33724411



lol what a load of bullshit. There is free school and kindergarten for everyone in germany.

 Quoting: Anonymous Coward 34907233


You are a liar. Or you sit in your basement and don't meet people with children.

Do you want me to search for the newspaper reportings about it?

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