Skip to comments.Cyprus bailout - (Parliament doesn't have votes to pass reform)
Posted on 03/18/2013 1:24:17 PM PDT by 11th_VA
19.28 Greek-based Antenna TV is now reporting that Mr Anastasiades will tell the Eurogroup that he doesn't have enough backing in parliament to pass the bill.
(Excerpt) Read more at telegraph.co.uk ...
Good. Tell the Germans to go pound sand. No doubt Obama has already asked his Treasury Secretary to draw up an analysis of how much tax money they could raise by raiding our 401(k)’s.
Even if it doesn’t go through, WE KNOW THE INTENTIONS OF THE BANKERS AND GOVERNMENT ELITES. The original intention was a 40% haircut.
If the Cypriot banks actually do collapse we will see the violence start, escalate and spread. Either that or the Russian Mob moves in (fully) to make everyone whole (and indebted to THEM).
At least they’re good for something.
“No doubt Obama has already asked his Treasury Secretary to draw up an analysis of how much tax money they could raise by raiding our 401(k)s.”
Yea, after the Banksters already took their 30% cut back in 2007! Begins to look like we should draw it all out, pay the taxes, and stuff the proceeds in our mattress!
“...Yea, after the Banksters already took their 30% cut back in 2007! Begins to look like we should draw it all out, pay the taxes, and stuff the proceeds in our mattress!...”
Better convert to something that the Obamadorks cannot cheapen. Remember, just because your dollars are in your mattress, the dork/felons can still “tax” them by making them even more worthless than Obama’s Law Degree.
The Russians could use another warm water port. I wonder if you could just buy the debt and own Cyprus?
does this mean new elections?
For what? Asking Cyrus with its 8x debt to GDP ratio to put up some money before they write them another mulit-billion dollar check?
The Turks occupy part of it.
20.38 The EuroGroup has released an official statement. It recommends that Cyprus eases terms on small depositors, reaffirms the importance of deposit guarantees under 100,000, maintains that Cyprus must stick to the 5.8bn goal and asserts that the deposit levy is "one off" measure.
20.24 The EuroGroup has decided to give Cyprus more flexibility over the bank levy, a Greek finance ministry source has told Reuters. The EuroGroup has agreed that depositors with less than 100,000 should be protected, the official said.
(What the heck is a 'One Off' measure ?)
I guess Obama got to him and said "Tax the Rich"
but wasn't it supposed to kick in even before there was a vote?
...so they say.
It measn they will only do it once.
sure they will.
Well, if that’s their intention they definitely know how to make offers one can’t easily refuse.
Heh. Maybe the Greeks can sell them rest of it for the amount they need and call it a day.
The Germans claim they weren’t behind this, that it was Christine Lagarde at the IMF.
Russians have many of the larger accounts -- some of the money is even legit -- and quite possibly won't react with charity to this proposal to raise the assessment from 10% on their share. It is possible that some of the less nuanced individuals will even be angered. A significant number of the remaining larger accounts belong to various Europeans who aren't likely to feel excessive altruism either.
The Germans didn’t get them into this and have no resposibility to bail them out.
Cyprus has only itelf to blame.