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.
does this mean new elections?
but wasn't it supposed to kick in even before there was a vote?
The question is, does that matter any more, would you leave your money in a bank that might be subject to such a scheme to steal your hard earned money. We will know when the banks open on Friday. I see at lot of Russians yanking there money out, your average Cypriot really has no place to go!
We need a shake out.
Bond-holders ought to be punished for their bad bet on Cypriot debt.
The citizens will be chastised when their next government can’t borrow.
But that’s GOOD, because the next government will have to control spending.
What a concept!
Yes! Cyprus default. Beginning of the end for the Eurozone!
21.48 Cyprus state TV reports that revised deposit tax would exempt savers with deposits under 20,000.