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.

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.

Paul Krugman, Economy Nobel Prize winner (2008) says " Cyprus should leave the euro. Now."


Good article...

[link to krugman.blogs.nytimes.com]

For those who know, why did Cyprus join the EU and how was the country before that?

Russians May Sue Over Cyprus Losses

[link to topic.worlds-luxury-guide.com]

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?

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]

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]

They should sue.

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]

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.

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

[link to hotair.com]

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

Cyprus: Banks Remain Closed as Students Rise in the Streets

[link to www.commondreams.org]

Dutch state TV reports that Laiki bank London and Moscow branch ATM's are fully operational, the Cypriots withdraw the money there.

Bank run!?

no, not this, it means the system is leaking money

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.

Might mean a bank run.

Clever Cypriots must take a plane NOW!!!

Krauthammer compares Cyprus bailout to assassination that led to World War I [AUDIO]

Read more: [link to dailycaller.com]

If they could afford to.remember funds they can withdraw are limited to 100 euro's a day.

I would borrow and go, take a chance!

The Eurozone is starting to stabalise actually. This is one of the costs of doing so.

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

Last Edited by Angelic_Warrior on 03/26/2013 06:10 PM

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

It has kind of a ring to it, i can change it if you want?

they say: it's not limited in London yet...

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.