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Cyprus bailout - (Parliament doesn't have votes to pass reform)
Telegraph ^ | 18 March 2013 | By Denise Roland, , Rebecca Clancy and Szu Ping Chan

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 ...


TOPICS: Business/Economy; Foreign Affairs; Russia
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I guess the Russian Mob made an offer they couldn't refuse.
1 posted on 03/18/2013 1:24:17 PM PDT by 11th_VA
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To: 11th_VA

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.


2 posted on 03/18/2013 1:26:23 PM PDT by Thane_Banquo ( Walker 2016)
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To: 11th_VA

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).


3 posted on 03/18/2013 1:28:34 PM PDT by steve86 (Acerbic by Nature, not Nurture™)
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To: 11th_VA

At least they’re good for something.


4 posted on 03/18/2013 1:29:51 PM PDT by Tublecane
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To: Thane_Banquo

“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!


5 posted on 03/18/2013 1:31:17 PM PDT by vette6387
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To: vette6387

“...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.


6 posted on 03/18/2013 1:34:15 PM PDT by Da Coyote
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To: steve86

The Russians could use another warm water port. I wonder if you could just buy the debt and own Cyprus?


7 posted on 03/18/2013 1:34:30 PM PDT by 1010RD (First, Do No Harm)
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To: 11th_VA

does this mean new elections?


8 posted on 03/18/2013 1:35:14 PM PDT by GeronL (http://asspos.blogspot.com)
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To: Thane_Banquo
Good. Tell the Germans to go pound sand.

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?

9 posted on 03/18/2013 1:41:17 PM PDT by Pan_Yan (I love it when spell check selects every single word in my post.)
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To: 1010RD

The Turks occupy part of it.


10 posted on 03/18/2013 1:41:51 PM PDT by kabar
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To: GeronL
I don't know about elections but ...

Latest

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 ?)

11 posted on 03/18/2013 1:43:58 PM PDT by 11th_VA (DRONES DON'T KILL, PRESIDENTS KILL ...)
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To: 11th_VA
The EuroGroup has agreed that depositors with less than €100,000 should be protected, the official said.

I guess Obama got to him and said "Tax the Rich"

12 posted on 03/18/2013 1:46:57 PM PDT by 11th_VA (DRONES DON'T KILL, PRESIDENTS KILL ...)
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To: 11th_VA
Oh whew everything IS ok!

but wasn't it supposed to kick in even before there was a vote?

13 posted on 03/18/2013 1:47:08 PM PDT by Nomedeplume
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To: 11th_VA
'One Off' = one time

...so they say.

14 posted on 03/18/2013 1:51:26 PM PDT by lwd
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To: 11th_VA

It measn they will only do it once.

sure they will.


15 posted on 03/18/2013 1:54:21 PM PDT by GeronL (http://asspos.blogspot.com)
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To: 1010RD

Well, if that’s their intention they definitely know how to make offers one can’t easily refuse.


16 posted on 03/18/2013 1:55:01 PM PDT by steve86 (Acerbic by Nature, not Nurture™)
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To: kabar

Heh. Maybe the Greeks can sell them rest of it for the amount they need and call it a day.


17 posted on 03/18/2013 1:58:25 PM PDT by AnAmericanAbroad (It's all bread and circuses for the future prey of the Morlocks.)
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To: Thane_Banquo

The Germans claim they weren’t behind this, that it was Christine Lagarde at the IMF.


18 posted on 03/18/2013 2:01:19 PM PDT by SatinDoll (NATURAL BORN CITZEN: BORN IN THE USA OF CITIZEN PARENTS.)
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To: 11th_VA
The EuroGroup has agreed that depositors with less than €100,000 should be protected

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.

19 posted on 03/18/2013 2:02:00 PM PDT by steve86 (Acerbic by Nature, not Nurture™)
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To: Thane_Banquo

The Germans didn’t get them into this and have no resposibility to bail them out.

Cyprus has only itelf to blame.


20 posted on 03/18/2013 2:12:52 PM PDT by traderrob6
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