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

 
Anonymous Coward
User ID: 36899975
Greece
03/26/2013 04:04 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...
 Quoting: Anonymous Coward 35564975


Yeah that's how the Russioans managed to withdraw their funds.
The Cypriots are stuck in Cyprus though where they are limited to 100 euro's a day. How are they going to get to London on that?
If they could have I'm sure they would have by now.
These delay tactics by their government kept them pacified and hopeful. They strung them along long enough and now it's too late. Can't get to London on 100 euro's.
Anonymous Coward
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Netherlands
03/26/2013 04:04 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 link to the story

[link to nos.nl]
Bill Paxton (OP)

User ID: 36782551
Portugal
03/26/2013 04:05 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
In Cyprus financial crisis, even Orthodox Church likely to lose millions

Read more here: [link to www.mcclatchydc.com]
Anonymous Coward
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Netherlands
03/26/2013 04:06 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
no restrictions yet, the Laiki brunch in London is open!!!
Anonymous Coward
User ID: 36778825
Portugal
03/26/2013 04:07 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
sadly, cyprus citizens CAN'T move their poor savings, BUT rich folks can get all the money out in London or Moscow.

EU is a bunch of corruption, thieves.
Bill Paxton (OP)

User ID: 36782551
Portugal
03/26/2013 04:08 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
There Aren't Nearly Enough Guards For Cyprus Banks Tomorrow

UK-based security firm G4S will be guarding banks in Cyprus when they open tomorrow, the Telegraph reports.

Read more: [link to www.businessinsider.com]
Anonymous Coward
User ID: 36914006
United States
03/26/2013 04:10 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
sadly, cyprus citizens CAN'T move their poor savings, BUT rich folks can get all the money out in London or Moscow.

EU is a bunch of corruption, thieves.
 Quoting: Anonymous Coward 36778825


Are you serious?? Laiki is allowing funds to be transferred out from the London and Moscow branches?
Anonymous Coward
User ID: 36899975
Greece
03/26/2013 04:11 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
sadly, cyprus citizens CAN'T move their poor savings, BUT rich folks can get all the money out in London or Moscow.

EU is a bunch of corruption, thieves.
 Quoting: Anonymous Coward 36778825


Right. Don't forget that London taxpayers will have to pay for the Cypriots loss too. Also not fair. It's London's insurance that will have to cover the isn't on insured accounts below 100,000.
Anonymous Coward
User ID: 36899975
Greece
03/26/2013 04:12 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
Can't stand my auto correct. On previous post isn't should be cost.
Bill Paxton (OP)

User ID: 36782551
Portugal
03/26/2013 04:14 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
Dutch finance minister under fire over Cyprus 'model' for other banks

The Financial Times on Tuesday took the unusual step of publishing the transcript of its controversial interview about the Cyprus rescue deal with Dutch finance minister Jeroen Dijsselbloem.

[link to www.dutchnews.nl]
Anonymous Coward
User ID: 36778825
Portugal
03/26/2013 04:15 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
sadly, cyprus citizens CAN'T move their poor savings, BUT rich folks can get all the money out in London or Moscow.

EU is a bunch of corruption, thieves.
 Quoting: Anonymous Coward 36778825


Are you serious?? Laiki is allowing funds to be transferred out from the London and Moscow branches?
 Quoting: Anonymous Coward 36914006


YES.

All over the news in Portugal...

I don't even bothered to open a thread about it cause it's old news in here!

You guys didn't knew about it^?

WTF?
Anonymous Coward
User ID: 19815370
United States
03/26/2013 04:16 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
How many ordinary Cypriots have more than 150K in their savings?

The real people affected by the Cyprus situation are going to be offshore gangsters mainly from Russia. Criminals are going to be robbed. Some legitimate businesses will be affected.

When banks open funds will not be able to leave the country. And when it does the criminals will find half of their assets gone. Hit lists will be created.
 Quoting: Anonymous Coward 36914006


Indeed, Russia is going to be a key piece of the chess plate, i wonder if everything goes to shit, what will they do?...i fear the worst, civillians will be collateral damage of a "war" between Russian magnats and Cyprus Banks/Government.
 Quoting: Bill Paxton


the war is between Russia and Germany over this, Russia has already seized the assets of german companies in russia
Anonymous Coward
User ID: 36899975
Greece
03/26/2013 04:17 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
sadly, cyprus citizens CAN'T move their poor savings, BUT rich folks can get all the money out in London or Moscow.

EU is a bunch of corruption, thieves.
 Quoting: Anonymous Coward 36778825


Are you serious?? Laiki is allowing funds to be transferred out from the London and Moscow branches?
 Quoting: Anonymous Coward 36914006


Yep. That's why the banks didn't open today and will be opening (supposedly) on Thursday. The bail in had to be recalculated. That's why the % of the levy keeps going up. There is less and less money in the bank to work with. They most likely won't be able to cover the insured accounts. So now they have to figure out what to do.
Bank run in Cyprus already took place IMO.
Bill Paxton (OP)

User ID: 36782551
Portugal
03/26/2013 04:21 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
EUR Fades As Portugal Admits Cyprus Deal "Sets Precedent" - (UPDATE - Denied)

putin

[link to www.zerohedge.com]
Anonymous Coward
User ID: 36778825
Portugal
03/26/2013 04:25 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
when Laiki open the doors, there won't be any money for cyprus citizens.

NOT A SINGLE EURO.
Anonymous Coward
User ID: 36925967
Germany
03/26/2013 04:26 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]
 Quoting: Bill Paxton



Krugman, isn't that the nutjob that thinks spending money to prepare for a fake alien invasion would actually help the economy?

[link to www.huffingtonpost.com]

Not saying that leaving the euro or dismantling the whole thing would be a bad idea. I am sorry for everyone losing his money but I think it has already been fucked up beyond any chance of repair. Everything you can do, wherever you are, is get your money out of the banking system as long as you can. Cash is better than digital, and, in my opinion, precious metals would be even better than cash.
Anonymous Coward
User ID: 36914006
United States
03/26/2013 04:30 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
sadly, cyprus citizens CAN'T move their poor savings, BUT rich folks can get all the money out in London or Moscow.

EU is a bunch of corruption, thieves.
 Quoting: Anonymous Coward 36778825


Are you serious?? Laiki is allowing funds to be transferred out from the London and Moscow branches?
 Quoting: Anonymous Coward 36914006


Yep. That's why the banks didn't open today and will be opening (supposedly) on Thursday. The bail in had to be recalculated. That's why the % of the levy keeps going up. There is less and less money in the bank to work with. They most likely won't be able to cover the insured accounts. So now they have to figure out what to do.
Bank run in Cyprus already took place IMO.
 Quoting: Anonymous Coward 36899975


Are people able to withdraw funds from Cyprus via outside branches though? I think when a bank has branches in another country the deposits are separate and policies are different. Am I mistaken?
Anonymous Coward
User ID: 36778825
Portugal
03/26/2013 04:35 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
sadly, cyprus citizens CAN'T move their poor savings, BUT rich folks can get all the money out in London or Moscow.

EU is a bunch of corruption, thieves.
 Quoting: Anonymous Coward 36778825


Are you serious?? Laiki is allowing funds to be transferred out from the London and Moscow branches?
 Quoting: Anonymous Coward 36914006


Yep. That's why the banks didn't open today and will be opening (supposedly) on Thursday. The bail in had to be recalculated. That's why the % of the levy keeps going up. There is less and less money in the bank to work with. They most likely won't be able to cover the insured accounts. So now they have to figure out what to do.
Bank run in Cyprus already took place IMO.
 Quoting: Anonymous Coward 36899975


Are people able to withdraw funds from Cyprus via outside branches though? I think when a bank has branches in another country the deposits are separate and policies are different. Am I mistaken?
 Quoting: Anonymous Coward 36914006


I am NOT an expert, but common sense tells me international accounts (the ones used by big players) can be used everywhere - including UK and Russia...

Thats why I said, cyprus citizens won't have a penny in aliki when that shit opens.. all the money wil be gone.

puffff.
Anonymous Coward
User ID: 19198791
United Kingdom
03/26/2013 04:45 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
How many ordinary Cypriots have more than 150K in their savings?

The real people affected by the Cyprus situation are going to be offshore gangsters mainly from Russia. Criminals are going to be robbed. Some legitimate businesses will be affected.

When banks open funds will not be able to leave the country. And when it does the criminals will find half of their assets gone. Hit lists will be created.
 Quoting: Anonymous Coward 36914006


When I lived in Cyprus most ordinary cypriots had all their money in property. As soon as a daughter is born they start building a house for her wedding gift.
Bill Paxton (OP)

User ID: 36782551
Portugal
03/26/2013 04:47 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
How many ordinary Cypriots have more than 150K in their savings?

The real people affected by the Cyprus situation are going to be offshore gangsters mainly from Russia. Criminals are going to be robbed. Some legitimate businesses will be affected.

When banks open funds will not be able to leave the country. And when it does the criminals will find half of their assets gone. Hit lists will be created.
 Quoting: Anonymous Coward 36914006


When I lived in Cyprus most ordinary cypriots had all their money in property. As soon as a daughter is born they start building a house for her wedding gift.
 Quoting: Anonymous Coward 19198791


Almost everyone nowadays has bank debt, not just people, companies etc...if they take people's money as well, and with no way of paying loan debt, banks will take property as payment.
Bill Paxton (OP)

User ID: 36782551
Portugal
03/26/2013 04:54 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
Im going to bed, keep this thread alive people, in less than 2 days, something big might happen.

peace
Anonymous Coward
User ID: 19815370
United States
03/26/2013 05:08 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
Im going to bed, keep this thread alive people, in less than 2 days, something big might happen.

peace
 Quoting: Bill Paxton


Consequences might never be the same...

damned
 Quoting: The Comedian


Of course not, there are no consequences, rule of law is dead!
Anonymous Coward
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United States
03/26/2013 05:14 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
I thought the banks opened today?????????
Anonymous Coward
User ID: 33571206
Canada
03/26/2013 05:26 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
When the banks do open- I'm wondering if they'll impose a maximum amount for withdrawal?

At this point I could see almost every single person wanting to clean out their accounts. How would the bank ever accomodate that?
Anonymous Coward
User ID: 28870983
United States
03/26/2013 05:33 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
Listening to Greg Mannarino, this bank of Cyprus has branches out of the country that are still open and allowing those customers to take their money out. Some are in Russia. But the people of Cyprus are screwed.

It will spread to Europe and eventually come here. All of our banks will be shut down as they usher in their new way of doing things. We'll get screwed in the process.....
Saddletramp
We Don't Rent Pigs...

User ID: 740874
United States
03/26/2013 05:37 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
It's all fucked...bank runs begin the minute the doors open, people will not forget the problems they had accessing their money, while they got to pay the bank fee's and likely part of their account for the privilege of doing business with said bank...

Last Edited by Saddletramp on 03/26/2013 05:38 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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Greece
03/26/2013 06:02 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
"First, however, much more pain, because as Cyprus' FinMin Sarris said a short while ago, uninsured depositors in the second largest bank Laiki which is now pending lqiuidation, may lose 80% (read 100%... or more), and wait up to seven years for a payout. Of course, with the majority of the "evil, tax-evading Russians" long gone having used the chaos and assorted loopholes in the past week to get out of Dodge, the only people punished are assorted local hard workers, and domestic businesses, now set to liquidate as soon as they can afford the bankruptcy filing fee."

[link to www.zerohedge.com]

I'll say it again... That money is gone.

Up to 7 years for a payout on the supposed 20% they might give back.
Anonymous Coward
User ID: 36932969
United States
03/26/2013 06:06 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
it's dictatorship at it's finest.

lol


the russian mafia protects their black money.

the bank protect themselves as always.

amd the shitty people stand by idle and update their facebook status.
Anonymous Coward
User ID: 36899975
Greece
03/26/2013 06:08 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
it's dictatorship at it's finest.

lol


the russian mafia protects their black money.

the bank protect themselves as always.

amd the shitty people stand by idle and update their facebook status.
 Quoting: Anonymous Coward 36932969


Crazy that they just stand by like that.
I don't even know what to make of that
Angelic_Warrior

User ID: 23290196
United States
03/26/2013 06:11 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
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?
 Quoting: Bill Paxton



Nah.. it works
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

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