[URGENT] Cyprus --> If you are Cypriot do the following! [URGENT]

UsetheFORCE

Thrugelmir wrote: »

Why should the Germans bail out those that went on spending sprees.

Look closer to home for the truth.

...and that is the foul play I write of! Why should the Germans and Northern European Taxpayers continue to fund the profligacy of the Southern European States, even more so Cyprus and the banking situation relative to its GDP is unsustainable!

They should of NEVER been allowed in the Euro with their financial situation like this but hey the EU will push on at ALL and ANY cost....it must stop!!!

innovate

Thrugelmir wrote: »

Why should the Germans bail out those that went on spending sprees.

It isn't just the germans, it's other Euro countries too, plus a fair chunk is supposed to come from the IMF - which means there is money from me and thee involved because Britain contributes to the IMF.

I don't mind so much that a few quid of my money would be used to help a sick country on its feet, instead of that money being used to fill our potholes or to build new schools and hospitals for our kids. Sometimes it's the right thing to do to help another country.

What I do take issue with, however, is that it seems to be acceptable nowadays to run a country and/or its banking system into bancruptcy, scream blue murder for bailout funds, call some of the rescuers Nazis, and then continue unabated with the policies and practices that led to the bancruptcy in the first instance. Bailout funds must be linked to some serious, measurable commitments by the country/organisation that receive them.

Biggles

UsetheFORCE wrote: »

The deposits in the banks are HIGHER the the actual GDP of Cyprus.

That's irrelevant, the bank deposits in almost 50% of the world's countries exceed their GDP. Cyprus isn't too far down that list.

innovate

Super write-up by Paul Krugman (winner Nobel Prize in Economics 2008)
http://krugman.blogs.nytimes.com/2013/03/21/cyprus-the-sum-of-all-fubar/

In case you don't know what FUBAR means: Fouled Up Beyond All Recognition (or words to that effect)

jumperabv3

Thrugelmir wrote: »

and the daily limits?

How did they break those.

He has a $4k withdrawal limits with ATMs.
Also he has a debit card for each currency, he diversified his currencies to Euros, Dollars and even Israeli Shekels. So he could cash out $4k from each currency per day, and now the bank has limited these withdrawals to $300 approx so it's a bad sign, but he can still take $900 per day just with ATM withdrawals and he also made lots of purchases.

I hope that answers your question and my apologies for being away and not answering sooner.

jumperabv3

Thrugelmir wrote: »

Why should the Germans bail out those that went on spending sprees.

Look closer to home for the truth.

Good question.
They want to keep their Euros on the one hand but for that they need to bailout Greece on the other ... so you can't eat the cake and keep it in one piece...

Germany is doing injustice to Greece.
This entire Euro thing is whole big mistake and for some reason they insist on having it and keeping it and no matter what is the cost....

And the stupid leaders in Spain and Greece and Italy are all cooperating with these measuers bringing austerity instead of simply leaving the Euro and print their own old currencies ... I don't know why the world is waiting for this to happen for so long ... the longer this Euro remains Germany is the only one who's going to enjoy from it ... whilst Spain, Italy and Greece are going to suffer.

Thank god Italy came up with Grillo who wants to have a referendum on staying with the Euro ... but sorry for him for fighting against Brussels, he has no chance whatsoever.

jumperabv3

UsetheFORCE wrote: »

...and that is the foul play I write of! Why should the Germans and Northern European Taxpayers continue to fund the profligacy of the Southern European States, even more so Cyprus and the banking situation relative to its GDP is unsustainable!

They should of NEVER been allowed in the Euro with their financial situation like this but hey the EU will push on at ALL and ANY cost....it must stop!!!

Well said.
Just kill this stupid Euro and let each country go back to its own currency.

German taxpayers shouldn't pay for Greece.
Greece shouldn't remain with this bad data and the Euro together.
Neither Spain nor Italy.

innovate

jumperabv3 wrote: »

Just kill this stupid Euro and let each country go back to its own currency.

You would make a great leader for each or all of these countries to make that happen. You will be very popular too with the rainbow press in many countries, incl the UK. Nigel Farrage will be scared of you since you could represent a threat to him.