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Let Cyprus collapse financially. That's the other option. I personally don't care, though my investments would be hurt due to worldwide reaction to the financial instability. Let's see then what the money in Cyprus is worth. Asking people in the country to share in the nation's security isn't unreasonable. Certainly not theft. Only an idiot would decribe as such, IMO.
Let Cyprus collapse financially. That's the other option. I personally don't care, though my investments would be hurt due to worldwide reaction to the financial instability. Let's see then what the money in Cyprus is worth. Asking people in the country to share in the nation's security isn't unreasonable. Certainly not theft. Only an idiot would decribe as such, IMO.
People who put money away for emergencies or retirement shouldn't be on the hook for your investments.
People who put money away for emergencies or retirement shouldn't be on the hook for your investments.
As I suggested ... withhold EU financial aid. Fine with me. I doubt people in Cyprus would enjoy the impact of a financially-failed nation and/or failed banks, though. I suspect their money is worth more under the most recent actions ... than it would be if the nation and/or the banks collapsed. Glad it's not my nation/money.
As I suggested ... withhold EU financial aid. Fine with me. I doubt people in Cyprus would enjoy the impact of a financially-failed nation and/or failed banks, though. I suspect their money is worth more under the most recent actions ... than it would be if the nation and/or the banks collapsed. Glad it's not my nation/money.
It should have been dealt with before they got even more in debt as everyone should have.
Let Cyprus collapse financially. That's the other option. I personally don't care, though my investments would be hurt due to worldwide reaction to the financial instability. Let's see then what the money in Cyprus is worth. Asking people in the country to share in the nation's security isn't unreasonable. Certainly not theft. Only an idiot would decribe as such, IMO.
I think it is theft.
As usual, it is the prudent, those who save who are paying for everyone else.
It looks like the bailout deal is nearing collapse as Cyprus politicians are refusing to go along with the ECB's demand to tax bank deposits. Also corrupt Russian politicians, mobsters, and oligarchs are pissed off that their secret stash of bribe money, corrupt kickbacks, and money stolen from government accounts might get taxed. Several of them are demanding Russia cut off natural gas supplies to the EU in protest but it won't happen because Gasprom is already scared poopless about fracking causing a huge rise in natural gas output in the EU and they don't want to do anything to encourage their biggest customer to decide Russian suppliers aren't reliable and don't live up to their contractual obligations.
I've visited Cyprus a number of times, last time only last year. It's not an island of wall to wall millionaires. Most just ordinary working people. If they get away with robbing the people here, they'll try it elsewhere.
The members of the Cyprus Parliament have rejected the terms of the bailout by a large majority. What happens now goodness knows. If the banks open on Thursday as planned, without agreement, there will be a run on the banks there. People will try to empty their accounts. I would doubt there is enough money in place to do that. It could get very hairy, may need riot police.
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