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Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out

 
Bill Paxton (OP)

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03/26/2013 03:06 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Russians at Laiki bank in Cyprus invested most of cash in German & US shares & bonds. Almost no cash on current accounts. Yea, MarginCalls..

[link to twitter.com (secure)]
 Quoting: Bill Paxton


So does this mean a bunch of sell orders on Thursday?
 Quoting: Anonymous Coward 13158115


That is if the banks really open on thursday, i seriously doubt that.
Anonymous Coward
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03/26/2013 03:06 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out


You are absolutely right. All true.

There comes a time when it is not enough to simply take a stand- you have to fight with everything you've got.
Anonymous Coward
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Greece
03/26/2013 03:11 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
CYPRUS FINMIN: UNINSURED LAIKI DEPOSITORS COULD FACE 80% HAIRCUT.

[link to twitter.com (secure)]
 Quoting: Anonymous Coward 34881307


At 80% it no longer a levy. It's seizure of assets. Confiscation. Usually certain conditions must apply before a country can do this. For instance an ongoing war.
Bill Paxton (OP)

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Portugal
03/26/2013 03:13 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Paul Krugman, Economy Nobel Prize winner (2008) says " Cyprus should leave the euro. Now."


Good article...

[link to krugman.blogs.nytimes.com]
Anonymous Coward
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03/26/2013 03:14 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
For those who know, why did Cyprus join the EU and how was the country before that?
Bill Paxton (OP)

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03/26/2013 03:17 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Russians May Sue Over Cyprus Losses

[link to topic.worlds-luxury-guide.com]
Anonymous Coward
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United Kingdom
03/26/2013 03:18 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Don't you just hate it when they give an action a catchy name to disguise a fact.

Haircut= Theft.

You earn a living wage, they Tax it.
You buy anything, they Tax it.
You buy fuel to access work, they tax it.
And tax you annually for the privlige.

Then they give you no option but to be paid into a bank account.....then they STEAL it.

Erm..who's not a slave?
Bill Paxton (OP)

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03/26/2013 03:19 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Russian businesses and banks that face losses from the European Union's bailout of Cyprus are considering legal action but may have a hard time making a case, say lawyers who are combing through treaties find strategies to recover funds.

Big depositors- many of them Russian — face losses of up to 40 percent as the result of a so-called "bail-in" to back 10 billion euros ($13 billion) in EU financial aid to stabilize the Cypriot banking system.


[link to www.cnbc.com]
Bill Paxton (OP)

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03/26/2013 03:21 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Cyprus businesses hurt as banks stay shut

NICOSIA, Cyprus (AP) - Cypriot businesses were under increasing strain to keep running on Tuesday after financial authorities stretched the country's bank closure into a second week in a harried attempt to stop depositors from rushing to drain their accounts.

[link to m.apnews.com]
Anonymous Coward
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Greece
03/26/2013 03:23 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Russians May Sue Over Cyprus Losses

[link to topic.worlds-luxury-guide.com]
 Quoting: Bill Paxton


They should sue.
Bill Paxton (OP)

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Portugal
03/26/2013 03:24 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
RT @ONCEIHADACOMRAD: Finance chief warns more EU taxpayers could be targeted as Cyprus rescue set to become first of many

[link to m.tmi.me]
Anonymous Coward
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03/26/2013 03:29 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
RT @ONCEIHADACOMRAD: Finance chief warns more EU taxpayers could be targeted as Cyprus rescue set to become first of many

[link to m.tmi.me]
 Quoting: Bill Paxton


It's going to become standard procedure.
I can't for the life of me understand why anyone would sit there with money in the bank right now a not take measures to safeguard it.
It's safer at home with you. Especially with a good homeowners policy. Check your policy make sure you understand your coverage or make appropriate changes to the policy and keep your saving at home.
Bill Paxton (OP)

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Portugal
03/26/2013 03:30 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out

Cyprus finance minister: Big depositors could lose 40% of their savings


[link to hotair.com]
Bill Paxton (OP)

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03/26/2013 03:34 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
The Destabilization of Cyprus; A Geopolitical Game

@BreakingEUNews Some experts believe Cyprus could be sitting on natural gas reserves worth up to €300bn (£257bn) .What exit?


[link to meedogenloos.nl]

Last Edited by Bill Paxton on 03/26/2013 03:35 PM
Bill Paxton (OP)

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03/26/2013 03:37 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Cyprus: Banks Remain Closed as Students Rise in the Streets

[link to www.commondreams.org]
Anonymous Coward
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03/26/2013 03:40 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Dutch state TV reports that Laiki bank London and Moscow branch ATM's are fully operational, the Cypriots withdraw the money there.
Bill Paxton (OP)

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03/26/2013 03:42 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Dutch state TV reports that Laiki bank London and Moscow branch ATM's are fully operational, the Cypriots withdraw the money there.
 Quoting: Anonymous Coward 35564975


Bank run!?

hiding
Anonymous Coward
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Netherlands
03/26/2013 03:45 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out

Bank run!?

hiding
 Quoting: Bill Paxton


no, not this, it means the system is leaking money cool2
Anonymous Coward
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Greece
03/26/2013 03:45 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Dutch state TV reports that Laiki bank London and Moscow branch ATM's are fully operational, the Cypriots withdraw the money there.
 Quoting: Anonymous Coward 35564975


Good way to spread the losses around.
The country the branch is located in will have to pay to cover the insured funds.
So London will have to pay.
Not sure if Moscow insures funds deposited in banks , they may not.
Anonymous Coward
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Greece
03/26/2013 03:47 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out

Bank run!?

hiding
 Quoting: Bill Paxton


no, not this, it means the system is leaking money cool2
 Quoting: Anonymous Coward 35564975


Might mean a bank run.
Anonymous Coward
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03/26/2013 03:48 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Clever Cypriots must take a plane NOW!!!
Bill Paxton (OP)

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03/26/2013 03:48 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Krauthammer compares Cyprus bailout to assassination that led to World War I [AUDIO]

Read more: [link to dailycaller.com]

waaaht
Anonymous Coward
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03/26/2013 03:49 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Clever Cypriots must take a plane NOW!!!
 Quoting: Anonymous Coward 35564975


If they could afford to.remember funds they can withdraw are limited to 100 euro's a day.
Anonymous Coward
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Netherlands
03/26/2013 03:52 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Clever Cypriots must take a plane NOW!!!
 Quoting: Anonymous Coward 35564975


If they could afford to.remember funds they can withdraw are limited to 100 euro's a day.
 Quoting: Anonymous Coward 36899975


I would borrow and go, take a chance!
Anonymous Coward
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03/26/2013 03:53 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
The Eurozone is starting to stabalise actually. This is one of the costs of doing so.
Angelic_Warrior

User ID: 23290196
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03/26/2013 03:54 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Heh. The guy's first name begins with PANIC.
 Quoting: Anonymous Coward 36792030


chuckle
 Quoting: Bill Paxton



Appropriate.. as was the way you spelled verysad "crysis" verysad in your thread title.

Last Edited by Angelic_Warrior on 03/26/2013 06:10 PM
But the natural man receiveth not the things of the Spirit of God: for they are foolishness unto him: neither can he know them, because they are spiritually discerned.
I Corinthians 2:14

God doesn't choose favorites.. They choose HIM

It is not the greatness of my faith that moves mountains but my faith in the greatness of God
Angelic_Warrior

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United States
03/26/2013 03:57 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Anyone have any legit thoughts how long we have before this is our experience?


Months?? Weeks??

Last Edited by Angelic_Warrior on 03/26/2013 03:57 PM
But the natural man receiveth not the things of the Spirit of God: for they are foolishness unto him: neither can he know them, because they are spiritually discerned.
I Corinthians 2:14

God doesn't choose favorites.. They choose HIM

It is not the greatness of my faith that moves mountains but my faith in the greatness of God
Bill Paxton (OP)

User ID: 36782551
Portugal
03/26/2013 03:58 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Heh. The guy's first name begins with PANIC.
 Quoting: Anonymous Coward 36792030


chuckle
 Quoting: Bill Paxton



Appropriate.. as the way you spelled verysad "crysis" verysad in your thread title.
 Quoting: Angelic_Warrior


It has kind of a ring to it, i can change it if you want?
Anonymous Coward
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03/26/2013 03:59 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Clever Cypriots must take a plane NOW!!!
 Quoting: Anonymous Coward 35564975


If they could afford to.remember funds they can withdraw are limited to 100 euro's a day.
 Quoting: Anonymous Coward 36899975


they say: it's not limited in London yet...
Bill Paxton (OP)

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03/26/2013 04:01 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out

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