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Cyprus surprise - Cypriot depositors to take a 'haircut'
Comments
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The_White_Horse wrote: »it sets a precedent that it is ok to steal from the people. I would rather the banks went bust, businesses and investors lose out, and the Govt honors the bank guarantee on savings - and if they can't afford to, then the ECB should step in and do it for them.
But you are arguing against this on the other thread. Can't possibly have the government wasting money on bailouts."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
The_White_Horse wrote: »it's a joke. now the banks are shut until thursday. the people can starve in the streets, the EU doesn't care. as long as the corrupt inept hateful junta keeps rolling.
A bit like your other thread where you just want public sector workers to starve and suffer."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
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The_White_Horse wrote: »it sets a precedent that it is ok to steal from the people.
Sorry mate, you're a few thousand years too late.
That precedent happened when we invented "tax".I would rather the banks went bust, businesses and investors lose out, and the Govt honors the bank guarantee on savings - and if they can't afford to, then the ECB should step in and do it for them.
Wait a minute.
You want Europe to help. But you dislike membership of Europe.
Do make up your mind....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
grizzly1911 wrote: »A bit like your other thread where you just want public sector workers to starve and suffer.
not starve and suffer, get paid a wage commensurate to the earnings of the country, rather than having to force the country to borrow continiously to fund them and their massive pensions.0 -
HAMISH_MCTAVISH wrote: »
Wait a minute.
You want Europe to help. But you dislike membership of Europe.
Do make up your mind....
what are you talking about? cyprus is a member of the EU and a member of the eurozone. therefore, the ECB should guarantee the savings of the citizens, it the Cypriate Govt can't afford to meet its obligations.
Nothing to do with liking them. The EU has raped and trodden on enough nations. They should at least do what they are supposed to do.0 -
Latest news:
The UK government has suspended all pension payments to individuals in Cyprus to ensure they cannot be subject to the haircut and as HMG said ensure they eventually "get to the intended recipient"
Source: Statement in the commons by Mr Clark Financial secretary to the Treasury0 -
A question that keeps coming to mind is - what is the benefit to Germany in all of this - why are they bothering to give this money?
A cynic may think that they simply want the Cypriots to continue to be able to pay the German loans that were taken out to buy German goods that keep the German workers in jobs.0 -
Spain have their 'fiesta', on Tuesday and Wednesday, so I wonder if they are troubled by the thought of non working ATM's, during their 'bank holiday'.Mortgage: Aug 12 £114,984.74 - Jun 14 £94000.00 = Total Payments £20984.74
Albert Einstein - “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”0
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