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Bail-out agreed!

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Re: Bail-out agreed!

Postby Maximus » Sat Mar 16, 2013 2:24 pm

DrCyprus wrote:fuck the banking sector. This was an attack on the sovereighnity of Cyprus by a bunch of greedy moneymongering idiots... both Cypriot and foreign.


the banking sector is a corner stone of Cyprus's economy, f^cking it would would also f^ck the Cypriot economy making life a lot harder for Cypriots and other residence.
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Re: Bail-out agreed!

Postby GreekIslandGirl » Sat Mar 16, 2013 2:32 pm

cyprusgrump wrote:
GreekIslandGirl wrote:Are you really so sold out to Banks, tied to unregulated capitalism, that you have completely lost sight of other forms of civilised co-operative living? :roll:


Are you really completely unable to answer a very simple and relevant question? :roll:


Your problem is that you don't want to see the answers you don't like.

- You assume being a Cypriot peasant means having nothing.
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Re: Bail-out agreed!

Postby Sotos » Sat Mar 16, 2013 2:39 pm

GIG ... probably you have your savings in UK or Greece. This is a disaster for Cyprus.
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Re: Bail-out agreed!

Postby Maximus » Sat Mar 16, 2013 2:41 pm

Sotos wrote:GIG ... probably you have your savings in UK or Greece. This is a disaster for Cyprus.


Why is it a disaster Sotos?
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Re: Bail-out agreed!

Postby cyprusgrump » Sat Mar 16, 2013 2:44 pm

GreekIslandGirl wrote:
cyprusgrump wrote:
GreekIslandGirl wrote:Are you really so sold out to Banks, tied to unregulated capitalism, that you have completely lost sight of other forms of civilised co-operative living? :roll:


Are you really completely unable to answer a very simple and relevant question? :roll:


Your problem is that you don't want to see the answers you don't like.

- You assume being a Cypriot peasant means having nothing.


Your problem is that you cannot answer a very simple and relevant question... :roll:

Presumably because you would be embarrassed by the answer...
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Re: Bail-out agreed!

Postby cyprusgrump » Sat Mar 16, 2013 2:46 pm

Maximus wrote:
Sotos wrote:GIG ... probably you have your savings in UK or Greece. This is a disaster for Cyprus.


Why is it a disaster Sotos?


Because depositors will never be able to trust the government again...

Why have money in a Cyprus bank when the government can help themselves to it when times are hard...?

I suspect there will be huge amounts of Euros leaving the banking sector quite soon...
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Re: Bail-out agreed!

Postby Maximus » Sat Mar 16, 2013 2:50 pm

cyprusgrump wrote:
Maximus wrote:
Sotos wrote:GIG ... probably you have your savings in UK or Greece. This is a disaster for Cyprus.


Why is it a disaster Sotos?


Because depositors will never be able to trust the government again...

Why have money in a Cyprus bank when the government can help themselves to it when times are hard...?

I suspect there will be huge amounts of Euros leaving the banking sector quite soon...


This may be true but the mortar shell has already gone off, one of the safest places to stand is in the crater.
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Re: Bail-out agreed!

Postby cyprusgrump » Sat Mar 16, 2013 2:55 pm

Maximus wrote:
cyprusgrump wrote:
Maximus wrote:
Sotos wrote:GIG ... probably you have your savings in UK or Greece. This is a disaster for Cyprus.


Why is it a disaster Sotos?


Because depositors will never be able to trust the government again...

Why have money in a Cyprus bank when the government can help themselves to it when times are hard...?

I suspect there will be huge amounts of Euros leaving the banking sector quite soon...


This may be true but the mortar shell has already gone off, one of the safest places to stand is in the crater.



Interesting analogy....

But there is nothing to stop another one falling in the same place...

I for one will never trust them with my money again....
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Re: Bail-out agreed!

Postby Piratis » Sat Mar 16, 2013 2:58 pm

First of all this is more of a "bail-in" not a "bail-out". I really can't understand how Anastasiades accepted such obviously disastrous terms. Then again this should have been expected from somebody that accepted the disasterous Annan plan. I did not vote for him. Supposedly he would have used his connections and his "friends" to save Cyprus.

The parliament should reject the agreement, and we should make a better deal with the Russians, giving to them a navy base in exchange.
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Re: Bail-out agreed!

Postby Maximus » Sat Mar 16, 2013 3:00 pm

cyprusgrump wrote:
Maximus wrote:
cyprusgrump wrote:
Maximus wrote:
Sotos wrote:GIG ... probably you have your savings in UK or Greece. This is a disaster for Cyprus.


Why is it a disaster Sotos?


Because depositors will never be able to trust the government again...

Why have money in a Cyprus bank when the government can help themselves to it when times are hard...?

I suspect there will be huge amounts of Euros leaving the banking sector quite soon...


This may be true but the mortar shell has already gone off, one of the safest places to stand is in the crater.



Interesting analogy....

But there is nothing to stop another one falling in the same place...

I for one will never trust them with my money again....


Its international lenders that are proposing that the government help themselves to it. There is nothing stopping another one hitting the same place but it is highly unlikely and I dont see any more mortars coming. I have (lost) a significant amount in terms of euro from my savings to help the country stay on its feet so I have interests in it. I want to see a return on my equity which has been given in exchange.

there is also opportunity here.
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