Cyprus surprise - Cypriot depositors to take a 'haircut'

Thrugelmir

socrates wrote: »

Ruffle Germanys feathers if Chinese money came in

Why? There's free movement of capital for many years. The Chinese most likely see little value in investing in Cyprus. Basic raw materials and commodities along with technology are what they are after.

socrates

Thrugelmir wrote: »

Why? There's free movement of capital for many years. The Chinese most likely see little value in investing in Cyprus. Basic raw materials and commodities along with technology are what they are after.

I was talking about the mini Vegas idea - I know exactly what the Chinese are after

socrates

Cyprus’ President-related company transfers €21mn to London prior to bailout agreement – report



From RT Website and exposed by Communist (jokers) Party in Cyprus

http://rt.com/news/cyprus-president-money-withdraw-129/

socrates

http://www.cyprus-mail.com/cyprus/new-leaked-reports-why-cypriot-banks-sought-state-help/20130404

Two interesting PDF Files to be read for those who are interested

CLAPTON

sadly, why are we not surprised?

socrates

CLAPTON wrote: »

sadly, why are we not surprised?

There is now talk of some heavyweight law suits - with the entire board being indicted

Perhaps Lord Levison fancies a holiday in the sun - he can take Gideon with him for his expertise too!!

CLAPTON

socrates wrote: »

There is now talk of some heavyweight law suits - with the entire board being indicted

Perhaps Lord Levison fancies a holiday in the sun - he can take Gideon with him for his expertise too!!

we'll see
but I'm pretty sure no one person will be found responsible.. it will be the fault of the system and I'm sure lessons will be learnt.

grizzly1911

CLAPTON wrote: »

I'm sure lessons will be learnt.

And conveniently filed and ignored.

ERICS_MUM

so much for the ECB/EBA scrutinising Cyprus' compliance with the eurozone's convergance criteria prior to them joining the club.

John_Pierpoint

socrates wrote: »

http://www.cyprus-mail.com/cyprus/new-leaked-reports-why-cypriot-banks-sought-state-help/20130404

Two interesting PDF Files to be read for those who are interested

"C0ck-up or conspiracy?" possibly both - Here in the UK reports that suggest that the senior directors/managers of Brandford & Bingley/Halifax/BOS/RBS appeared to be less capable than some amateur posters on MSE back in 2007.

How a bank managed to get out of the top one of the PIGS [PIIGS?] in 2009 and then plunged back in again, beggars belief.

I wish the current class action, mounted by the victims or RBS capital raising efforts the best of luck.