Cyprus-Forum.com

[boomerang]

Why piss off the Russians?....negotiate with the Russians with one of the blocks turkey claims it overlaps her claim and set the Russians lose on the Turks....at the same time tell the eu to shove their loans where the sun don't shine...
A win win situation....

[Kikapu]

One thing for sure, that by now, the whole financial world knows where the island of CYPRUS is!

[GreekIslandGirl]

So it's back on and the Russians are going to pay even more! Bet Putin is pleased.

Yeah, he is. Because the clever money is on those Gas-Bank shares that come as a levy! They get MORE of them.

[Demonax]

So it's back on and the Russians are going to pay even more! Bet Putin is pleased.

Yeah, he is. Because the clever money is on those Gas-Bank shares that come as a levy! They get MORE of them.

I thought they were for local depositors. Does the compensation cover wealthy foreigners?

[GreekIslandGirl]

So it's back on and the Russians are going to pay even more! Bet Putin is pleased.

Yeah, he is. Because the clever money is on those Gas-Bank shares that come as a levy! They get MORE of them.

I thought they were for local depositors. Does the compensation cover wealthy foreigners?

The shares are given wherever the tax is levied. So those with the most money in the banks will get the most shares! Of course, those with the most money in the banks are foreigners avoiding tax in their own countries like the Brits and the Russians. So invariably, they will end up owning our Gas and banks.

[Demonax]

The shares are given wherever the tax is levied. So those with the most money in the banks will get the most shares! Of course, those with the most money in the banks are foreigners avoiding tax in their own countries like the Brits and the Russians. So invariably, they will end up owning our Gas and banks.

Okay. But they'd have to keep their money in Cyprus for two years, right? To get the gas bonds?

[boomerang]

we can assume the deal struck is for a 5.8B euros to come from a a bank haircut...the discussion has moved from who they will collect...beware of the russian mafia...would they start colonizing the north?

i do not think foreign business will be affected a lot provided the levy is counted as a business expense, therefore a tax deduction...

[GreekIslandGirl]

The shares are given wherever the tax is levied. So those with the most money in the banks will get the most shares! Of course, those with the most money in the banks are foreigners avoiding tax in their own countries like the Brits and the Russians. So invariably, they will end up owning our Gas and banks.

Okay. But they'd have to keep their money in Cyprus for two years, right? To get the gas bonds?

Yes, I read that too. That's probably when the real worth of those shares would be realized and they can sell them to get their profit. Two years is nothing in investment terms.

What concerns me is that they are throwing in the Gas shares as a sweetener to save the banks, when I wanted it so save Cyprus!

Seems to me, it's outside forces that have had their eyes on the Gas shares and have concocted this scheme to get their hands on Gas ownership. From Putin to the EU - they are juggling between them to get the maximum.

[Demonax]

What concerns me is that they are throwing in the Gas shares as a sweetener to save the banks, when I wanted it so save Cyprus!

What's the difference?

[observer]

What concerns me is that they are throwing in the Gas shares as a sweetener to save the banks, when I wanted it so save Cyprus!

Seems to me, it's outside forces that have had their eyes on the Gas shares and have concocted this scheme to get their hands on Gas ownership. From Putin to the EU - they are juggling between them to get the maximum.

What nonsense! It is the Cypriot government that is 'throwing in gas shares as a sweetener'. There is no requirement by, EU, Russian or any other country, to do this. But, if the shares are such an outstandingly good bargain, why not just sell them on the open market and avoid all this fuss and problems for those who need the money now, not years in the future?

This is just the standard GC response to any problem that they have brought upon themselves - find a foreigner (preferably foreigners) who is conspiring against poor little Cyprus.