I don't understand what you are saying. What the EU wants is a tax on all deposits, probably to force the Greeks who had money in Cypriot accounts to pull it out. Since there are British soldiers who have money in the Cypriot banks, the British government said it will compensate them for the tax...I mean these soldiers are being paid by the British government aren't they? It doesn't have anything to do with the bankers, as a matter of fact it's going to destroy them...which should make Switzerland happy.
You do know that the video is a propaganda ploy to give the impression they are the same people as the Greek Cypriots? The Turkish music was not as lively as the Greek, the women were not allowed to dance, and the men danced very stiffly...which was due probably to their Islamic faith. It is kind of deceitful to pass the music and dancing off as Turkish Cypriot when it's not really. It's Greek Anatolian music with a slight Italian influence.
seems the Russian and Israeli gangsters won't be getting their money out of Cyprus either tomorrow morning - - - Updated - - - maybe the Turkish didn't like breaking and wasting so many plates
OMG - Jeannette - please dont try peddling such BS. I've spent holidays in both Athens + Istanbul . Here in england I've been to both Greek + Turkish - been to their homes - had dinner together ,. been to both Greek + Turkish weddings . You've obviously not met many Turks or been to a birthday party or weddings> [video=youtube;XlIwL4ULTr4]http://www.youtube.com/watch?v=XlIwL4ULTr4[/video] [video=youtube;xcTmInbvDKo]http://www.youtube.com/watch?v=xcTmInbvDKo[/video] Jeeeez did'nt you know Turkish Belly dancers are the world's best ? ,Turkish belly dancer on Turkish TV [video=youtube;mHpg-7n7QvQ]http://www.youtube.com/watch?v=mHpg-7n7QvQ[/video] What you need is some Turkish coffee.with some Turkish delight . ,,,,, elveda / antio. (wink)
So now you added Russia to your hatred attacks ?? ( besides USA , Saudi & Israel ). Who will be next ?.............
I love the wedding dance, it's modern Turkish music and dancing, but it's one thing to present your own traditional music and dancing, and it's another to present Greek traditional Anatolian and Aegean music and dancing as being Turkish Cypriot. Don't be so naive, this has nothing to do with individual Turks. Syria and Iraq are not the only victims of Erdogan and Devotoglus troublemaking. They have geo political reasons as to why they present themselves as Greek Cypriots. Let's not forget they still have their thirty thousand troops and five thousand tanks in the occupied north.
Moon, this has nothing to do with Zionist banks. Cyprus has a large banking system, and the reason they are in trouble is because they invested heavily in Greece. The population of Cyprus is only about 800,000, but its banks hold about ninety billion dollars, mostly from foreigners. About seventy billion of it is Russian, so that Putin and Medvedev are furious and have called it illegal. Russia does not know why the EU did not discuss the issue with them. This is the second time the West has insulted Russia. The first was when the Clinton entered the civil war with Serbia, and didn't pay heed to Russias concern.
I have to wonder about the psychology of the Cyprus banking decision. Isn't this very likely to encourage a large number of depositors to try and withdraw all of their funds, and wouldn't such runs on the banks in question potentially threaten their collapse? Normally bankers try and work to avoid bank panics.
The EU might have misread Russia when Putin said he wanted the names of all Russians who have accounts in the Cypriot banks. Seems to me the EU is crazy because if Cyprus gives bonds to compensate for the taxes, the banks will end up belonging to Russia.
It was a stupid move, and even though the President of Cyprus agreed, nothing has been signed yet. Actually it will destroy Cyprus because its banks were considered very secure. Anyway Russia is getting involved, so there will be some adjusting.
This is what happens.Cyprus deregulated its banks... 3 thought to be to big to fail. It became a great idea to become an off-shore tax haven. Bankers get that itch to make more cash and upload debt. These 3 banks controlled 56% of domestic deposits and 48% of domestic loans. Now the world knows they were also deeply involved in risky international loans. Iceland deregulated its banks and went into a crisis 2008-2011. In Iceland, banks uploaded massive amounts of debt from companies not within Iceland. When the debt became so high that the government couldn't save them, collapse began. Banks must be Federalized and tight, strict regulations put into place. Having someone who has a greedy streak taking care of other peoples money is terrible policy. They always want to make a little bit more. Regs prevent this. German Chancellor Angela Merkel liked the idea of austerity for Greece and also for Cyprus. Keeping Germany's economy safe by encouraging really bad measures isn't a good idea and Merkel may feel this in the next elections. It may be Christian Democrat Union party may be swept out of power and the Christian Social Union of Bavaria along with Social Democratic Party of Germany forming a coalition and assuming power.
All Cypriot Banks have been closed 'til Thursday haven't they ? And a percentage of 'appropriate' accounts are frozen.
Germans are getting sick of the European Central Bank, and "Kanzlerin" Merkel. The Cypriot banks are probably little more than pawns in a central bankers' power play... they may be corrupt pawns, but, what the hell -- a pawn is a pawn is a pawn, as they say.... The amount of money involved in Cyprus is "mouse turds", of course, but the really frightening spectre is what it could portend for all the bustout, socialist economic quagmires if similar banking cartel mandates are inflicted on them by the European Central Bank! Then, it's a short hop, skip, and jump to the prosperous countries of Europe, then on to America, whose only center of real power today is lodged in the Federal Reserve System -- another central bank. I'd suggest that everybody now consider the idea of getting a hell of a lot more "liquid" than you ever have before. The poor Cypriot bastards had the doors of the banks slammed shut on them, with no warning, and now they will have huge amounts of their money confiscated by the government. Think it can't happen anywhere else...? From what my German friends are telling me, most of their personal bank accounts will be closed or closing, by the end of this month!
Can we please leave Turkey out of this ? ECB/EU haircut Greek debt condemning Cypriot banks do death €100k savings are guaranteed by EU law We are looking into the future for the entire zone , i am in Athens and today there are long lines of people waiting outside banks , i guess this is also happening or will happen in Italy and Spain .
All over the EU people are considering what to do with their savings should they remove them from the clutches of government-supported banksters. What a pity that the price of gold is so high- a factor no doubt considered by the architects of the Cypriot theft . They likely hold most of the gold anyway.
The Cypriot parliament has rejected the measure. Open revolution in Cyprus is on hold. When the banks re-open, there will be restrictions on withdrawals
Here is some quotes from a Cypriot Noble Prize winner in economics: +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ By Peter Coy Christopher Pissarides, who shared a Nobel Prize in economics in 2010, told Bloomberg Businessweek in an e-mail today that he is appalled by Europes plan to impose a tax on deposits in Cypriot banks to help pay for a $13 billion bailout. Pissarides was born and raised in Cyprus. As a native of Cyprus, how does this episode make you feel? I am appalled by the decision of the euro group. The idea of the single currency and monetary union was that we had a union of equal partners helping each other in difficult times. Here we have a big partner (Germany) bullying a small one, for what is perceived by the small one to be political reasons. And the Cypriot depositors caught in the fire are an unfortunate collateral damage. Was it a good or a bad idea for Cyprus to join the EU and the euro zone? Small countries be warned when joining the euro zone. You could be bullied any time by your big brothers if it suits their political objectives. Did the EU, ECB, and IMF inadequately monitor the Cypriot banking system? No! They seem to think that all big depositors are Russians with dirty money. But after months of searching they couldnt find a single one. In a large system two banks misbehaved and the troika solution is [to] destroy half the system. There are other ways of monitoring and regulating large banking systems, not through destruction and massive unemployment. Is Cyprus overly dependent on financial activitiesand if so, what can be done? Cyprus is dependent on them just like Luxembourg, the Channel Islands, Hong Kong and Singapore are. Every mature small nation has a large financial system. Malta is building its own now, after joining the Eurozone, and is benefiting from the Cyprus fallout. Financial services is what Cypriots are trained to do. The system could be regulated more adequately and kept to its present size. Regulation in Cyprus followed the principles recommended by the ECB to the letter. The ECB needs to realise that there are members in the Union with different needs from those of Germany and devise rules that regulate the system, not try and make everyone like Germany.
We will have to wait and see, because Cyprus is caught in a 'pull' between Russia and Germany. Right now Russia supplies Germany with one third of its gas and could shut it down if it wanted to. What Germany doesn't want, is for Russia to control the gas from the Cypriot and Israeli deposits. Russia is willing to buy the two Cypriot banks that made bad investments in Greece, but it might want Gazprom to control some of the energy from the gas deposits. Of course the last thing Germany wants is greater dependancy on Russia.
Jeannette , lets see if we can cut tyhrough the BS , shall we ? Dont you think the reason why some Southern Europe countries are in in Poo could be coz they consumed more than they produced since they CHOSE membership of a common currency i.e. Eurozone ? Its sounds like far too many smart arse people have'nt heard of the Micawber Principle,: "Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery." ([The amounts are £20.00, £19.975, and £20.025, in Great Britain's pre-decimal currency.] ( In other words , had they spent less than earned = happiness, but spending (consuming ) more than earned = misery .) Simples - right ?
Yes...as usual. If only because no one else could intercede. It is not so much that they will...it is what they do afterward.
One thing you can be certain of , what they(the financial elite ) do afterwards , is to plan + take advantage of another opportunity to maximise theIr wealth at the expense of the masses.
