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HOLY SHIT! Brussels Wants To Steal 20% From All Bank Accounts Over 100k In Cyprus Basically Confiscating Russians Money.

 
Anonymous Coward
User ID: 36610305
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03/23/2013 11:31 PM
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HOLY SHIT! Brussels Wants To Steal 20% From All Bank Accounts Over 100k In Cyprus Basically Confiscating Russians Money.
Cyprus Makes Plan to Seize Portion of High-Level Deposits
Petros Giannakouris/Associated Press

Cyprus’s president, Nicos Anastasiades, left, met with top Cypriot officials on Wednesday at the presidential palace in Nicosia. He was expected to fly to Brussels late Saturday for meetings.
By LIZ ALDERMAN and JAMES KANTER
Published: March 23, 2013



NICOSIA, Cyprus — With Cyprus facing a Monday deadline to avoid a banking collapse, the government and its international negotiators devised a plan late Saturday to seize a portion of savers’ deposits above 100,000 euros at all banks in the country, in a bid to raise money for an urgently needed bailout.
Related

Mood Darkens in Cyprus as Deadline Is Set for Bailout (March 22, 2013)
Russian Ties Put Cyprus Banking Crisis on East-West Fault Line (March 24, 2013)

A one-time levy of 20 percent would be placed on uninsured deposits at one of the nation’s biggest banks, the Bank of Cyprus, to help raise 5.8 billion euros demanded by the lenders to secure a 10 billion euro, or $12.9 billion, lifeline. A separate tax of 4 percent would be assessed on uninsured deposits at all other banks, including the 26 foreign banks that operate in Cyprus.

An agreement was still far off, though, as Cyprus’s lenders left for the night without reaching an accord. The proposal still requires approval by the Cypriot Parliament and by the European Central Bank, International Monetary Fund and European Union leaders. Finance ministers from the 17 euro zone countries have scheduled an emergency meeting at 6 p.m. Sunday in Brussels.

Under the plan, savings under 100,000 euros would not be touched — a rollback after a controversial plan last week to tax insured deposits was rejected by Cyprus’s Parliament, amid outrage among ordinary savers and widespread concern that a precedent had been set for governments anywhere to tap insured bank savings in times of a national emergency.

Cypriot officials on Saturday also pulled back on a plan to raise billions of additional euros by nationalizing state-owned pension funds, after Germany, whose political and financial clout dominates euro zone policy, had indicated it opposes the move.


[link to www.nytimes.com]
Anonymous Coward (OP)
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03/23/2013 11:35 PM
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Re: HOLY SHIT! Brussels Wants To Steal 20% From All Bank Accounts Over 100k In Cyprus Basically Confiscating Russians Money.
If they steal the Russians "Off Shore" money to bailout the EU losers on Bad Bonds it will be the first shot in a proxy War between Russia vs. The West.

Imagine Russia seizing 20% from accounts above 100k in the Cayman Islands, it would be seen as an act of War.
Anonymous Coward (OP)
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03/24/2013 07:55 AM
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Re: HOLY SHIT! Brussels Wants To Steal 20% From All Bank Accounts Over 100k In Cyprus Basically Confiscating Russians Money.
sheeplebah
Anonymous Coward
User ID: 34546739
Ukraine
03/24/2013 08:01 AM
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Re: HOLY SHIT! Brussels Wants To Steal 20% From All Bank Accounts Over 100k In Cyprus Basically Confiscating Russians Money.
discussed already ad nauseam

what's next??
Anonymous Coward (OP)
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03/25/2013 09:05 AM
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Re: HOLY SHIT! Brussels Wants To Steal 20% From All Bank Accounts Over 100k In Cyprus Basically Confiscating Russians Money.
discussed already ad nauseam

what's next??
 Quoting: Anonymous Coward 34546739


What's next? Why,YOUR bank account of course.
JUST HERE

User ID: 25610447
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03/25/2013 09:06 AM
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Re: HOLY SHIT! Brussels Wants To Steal 20% From All Bank Accounts Over 100k In Cyprus Basically Confiscating Russians Money.
hiding2 5stars
:glp sign:
Anonymous Coward
User ID: 68032132
United States
03/12/2020 01:32 AM
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Re: HOLY SHIT! Brussels Wants To Steal 20% From All Bank Accounts Over 100k In Cyprus Basically Confiscating Russians Money.
HERE WE GO!!!

WUHAN VIRUS, history repeats itself??





bump
Grove Street

User ID: 72483411
United States
03/12/2020 01:34 AM
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Re: HOLY SHIT! Brussels Wants To Steal 20% From All Bank Accounts Over 100k In Cyprus Basically Confiscating Russians Money.
welcome to globalism and the new world order.

keep supporting it you fucking sheep...
Grove

And this is why we can't have nice things.





GLP