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Playing Hard Ball: Cypriot President threatens to resign

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Playing Hard Ball: Cypriot President threatens to resign

Postby Lit » Sun Mar 24, 2013 9:18 pm

Rumours that Cypriot president threatened to resign
Last updated Sun 24 Mar 2013

http://www.itv.com/news/update/2013-03- ... to-resign/

Early reports coming out of Brussels suggest that the Cypriot President Nicos Anastasiades threatened to resign because there are so many sticking points in talks.

The Eurogroup meeting has been delayed by around two hours and delegates are preparing for what could be a long night.

The main problems seem to be the restructuring of the banks and the possibility that Eurogroup members have asked for more money from Cyprus to meet the terms of a €10 billion euro bailout.
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Re: Playing Hard Ball: Cypriot President threatens to resign

Postby Lit » Sun Mar 24, 2013 9:24 pm

Nico....stand your position! Rattle this market ....thats the only thing these people understand. Big positions in inverse ETFs tomorrow. The beginning of the bear market.....LET THEM SEE REEEEEEEEEEEED!!
Last edited by Lit on Sun Mar 24, 2013 9:27 pm, edited 1 time in total.
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Re: Playing Hard Ball: Cypriot President threatens to resign

Postby GreekIslandGirl » Sun Mar 24, 2013 9:26 pm

We're being asked to choose between the EU and Russia.
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Re: Playing Hard Ball: Cypriot President threatens to resign

Postby CBBB » Sun Mar 24, 2013 9:35 pm

President Nicos Anastasides told international lenders that their proposal to saddle the Bank of Cyprus with some €9 billion in emergency liquidity assistance owed by the Popular Bank to the European Central Bank, effectively meant the lender’s closure in six months, the Cyprus News Agency (CNA) reported.

“I table one proposal, you don’t accept it; I table another, same thing. What else do you want me to do? Do you want to force me to resign? If that’s what you want, let me know,” CNA quoted Anastasiades as telling international lenders.

http://www.cyprus-mail.com/bailout/anas ... n/20130324
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Re: Playing Hard Ball: Cypriot President threatens to resign

Postby Cap » Sun Mar 24, 2013 9:36 pm

we get it, we fu**ed up.
But is this hard a** stance by the filthy Krauts necessary?
make an example of Cyprus, they're small. Drive the knife in as far as it will go.

Cyprus out.
But Gawd help you motherfu**ers when there's any turbulence in the future.
The Italians and Spanish will rip your ever loving Protestant child molesting hearts out to leave the currency, because they know it can be done!
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Re: Playing Hard Ball: Cypriot President threatens to resign

Postby appel » Sun Mar 24, 2013 9:47 pm

Cyprus should think of itself first. The fact the president goes to Brussels shows that isn't the case.

There is only one solution, the Icelandic way.

1. Let the banks go bust, sweep them away into the dust bin of history.
2. Create new banks.
3. Exit the euro and take up the cypriot pound again.
4. Move the deposits in the failed banks over to the new banks, as cypriot pounds, maximum €100K's worth for each account. Also move over all aspects of the DOMESTIC banking system to the new banks, let foreigners burn in the bankrupt banks.
5. Put on capital controls.

This is the only thing that ensures your sovereignty, your independence, and also ensures you honor agreements with regard of deposits. Most of all there is no confiscation.

Endure inflation for couple of years, but after that you'll be back on your feet.
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Re: Playing Hard Ball: Cypriot President threatens to resign

Postby CBBB » Sun Mar 24, 2013 9:53 pm

appel wrote:Cyprus should think of itself first. The fact the president goes to Brussels shows that isn't the case.

There is only one solution, the Icelandic way.

1. Let the banks go bust, sweep them away into the dust bin of history.
2. Create new banks.
3. Exit the euro and take up the cypriot pound again.
4. Move the deposits in the failed banks over to the new banks, as cypriot pounds, maximum €100K's worth for each account. Also move over all aspects of the DOMESTIC banking system to the new banks, let foreigners burn in the bankrupt banks.
5. Put on capital controls.

This is the only thing that ensures your sovereignty, your independence, and also ensures you honor agreements with regard of deposits. Most of all there is no confiscation.

Endure inflation for couple of years, but after that you'll be back on your feet.


So we should put 8,000 people out of work (8,000 families), screw the pension funds of a couple of hundred thousand people, and at least double the price of everything when we are all on unemployment benefit which the Government can't afford to pay?

We are not Iceland!
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Re: Playing Hard Ball: Cypriot President threatens to resign

Postby DT. » Sun Mar 24, 2013 10:07 pm

There's only one last item of leverage that we have and I hope our Greek friends will forgive us one day as we'll forgive them for their self interests.

The Cypriot banks handover to Piraeus Bank and the government of Greece has been aborted. We' re going to make ourselves as systemic as we possibly can and kick the Euro in the balls as hard as we can before we leave it.
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Re: Playing Hard Ball: Cypriot President threatens to resign

Postby Oceanside50 » Sun Mar 24, 2013 10:12 pm

No, Cyprus isn't Iceland, Cyprus is part of the Eu, and for those naively wanting to switch to Russia , first Russia doesn't want you,they have more important intersts with the Eu then Cyprus...
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Re: Playing Hard Ball: Cypriot President threatens to resign

Postby appel » Sun Mar 24, 2013 10:13 pm

CBBB wrote:
appel wrote:Cyprus should think of itself first. The fact the president goes to Brussels shows that isn't the case.

There is only one solution, the Icelandic way.

1. Let the banks go bust, sweep them away into the dust bin of history.
2. Create new banks.
3. Exit the euro and take up the cypriot pound again.
4. Move the deposits in the failed banks over to the new banks, as cypriot pounds, maximum €100K's worth for each account. Also move over all aspects of the DOMESTIC banking system to the new banks, let foreigners burn in the bankrupt banks.
5. Put on capital controls.

This is the only thing that ensures your sovereignty, your independence, and also ensures you honor agreements with regard of deposits. Most of all there is no confiscation.

Endure inflation for couple of years, but after that you'll be back on your feet.


So we should put 8,000 people out of work (8,000 families), screw the pension funds of a couple of hundred thousand people, and at least double the price of everything when we are all on unemployment benefit which the Government can't afford to pay?

We are not Iceland!


It's going to happen one way or another.

If you think you can maintain the banks as they've been for the past years you're in for a surprise. Whatever the solution, your banking system will not be the same, and many people will lose their jobs.
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