BREAKING: Cyprus decides anti Bank Run Law

Nicley said:

Imagine a cake, the cake is round. Somebody comes in, takes a knife and starts to slice the cake.

He is going to say the following:

This cake is a toxic cake. It is there and it needs to be divided.

I cut a little part for the benelux countries including the netherlands. It is all they can barely handle.

I am going to cut a bigger slice, this one is for France, probably it is too big, but the rest cannot be handled alone by the germans. Here you go, your cake, thank you.

The left over cake is going to be served to the germans. Michel, take this cake, and wohl bekommts, already pension age is 67 ? in Greece 50 someting ? in france 62 ?

Cheers !

I dont see that article anywhere on reuters and the council still are desideing what to do. What doom?

Nicley said:

Imagine a cake, the cake is round. Somebody comes in, takes a knife and starts to slice the cake.

He is going to say the following:

This cake is a toxic cake. It is there and it needs to be divided.

I cut a little part for the benelux countries including the netherlands. It is all they can barely handle.

I am going to cut a bigger slice, this one is for France, probably it is too big, but the rest cannot be handled alone by the germans. Here you go, your cake, thank you.

The left over cake is going to be served to the germans. Michel, take this cake, and wohl bekommts, already pension age is 67 ? in Greece 50 someting ? in france 62 ?

Cheers !

The bankruns will not be televised.

In all southern states euro countries these laws are in place.

Every one euro you bring to the bank, is gone, it is not yours anymore.
You might get it back, when the bank gratefully gives it. That might not always be the case.

In France, these same laws are in the making.

And for the US audience: you have some money on your bank, go there and tell them you 5000 Dollars in cash, then come back and tell us what happened.

bidcoins

In all southern states euro countries these laws are in place.

Every one euro you bring to the bank, is gone, it is not yours anymore.
You might get it back, when the bank gratefully gives it. That might not always be the case.

In France, these same laws are in the making.

And for the US audience: you have some money on your bank, go there and tell them you 5000 Dollars in cash, then come back and tell us what happened.

I am in Canada and tried to witdraw 4000$ from my savings to buy a car last year, I had to go to 4 branches and get 1000$ from each branch, or wait a week for an appointment to arrange a cash transfer to the bank so they could cover the 4 grand I thought I could withdraw easily enough. Now I do not use the banks to store cash, I still have an account, but when I cash a cheque I get it in cash and leave bill money in account, the tellers always give me the stink eye when they ask for deposit and I say no cash please...