Cyprus-Forum.com

[appel]

Iceland welcomes you to the group of countries that have imposed capital controls.

I do wonder about the free flow of capital (one of the pillar of the EU) when eurozone countries start to impose capital controls. What happens when panic hits Spain, Italy? How are countries better off with the euro than their own currencies when capital controls are allowed? It's the same illusion.

And how are Cyprian businesses supposed to operate now? Are they exempt?

[Get Real!]

Iceland welcomes you to the group of countries that have imposed capital controls.

I do wonder about the free flow of capital (one of the pillar of the EU) when eurozone countries start to impose capital controls. What happens when panic hits Spain, Italy? How are countries better off with the euro than their own currencies when capital controls are allowed? It's the same illusion.

And how are Cyprian businesses supposed to operate now? Are they exempt?

Once they give you a full lobotomy they’ll be exempt from having to look after your special needs… now beat it!


And btw… it’s CYPRIOT businesses not “Cyprian”… as there’s no such word!

Ta ta!

[cyprusgrump]

Iceland welcomes you to the group of countries that have imposed capital controls.

I do wonder about the free flow of capital (one of the pillar of the EU) when eurozone countries start to impose capital controls. What happens when panic hits Spain, Italy? How are countries better off with the euro than their own currencies when capital controls are allowed? It's the same illusion.

And how are Cyprian businesses supposed to operate now? Are they exempt?

Nobody knows...

It looks to me that the banks have stolen all of our money and we cannot gain access to it in any way shape or form.

The banks will allow us to take some 'pocket money' from our accounts... Who decides how much pocket money will be sufficient for each person/business every day...?

[jonah]

Iceland welcomes you to the group of countries that have imposed capital controls.

I do wonder about the free flow of capital (one of the pillar of the EU) when eurozone countries start to impose capital controls. What happens when panic hits Spain, Italy? How are countries better off with the euro than their own currencies when capital controls are allowed? It's the same illusion.

And how are Cyprian businesses supposed to operate now? Are they exempt?

Nobody knows...

It looks to me that the banks have stolen all of our money and we cannot gain access to it in any way shape or form.

The banks will allow us to take some 'pocket money' from our accounts... Who decides how much pocket money will be sufficient for each person/business every day...?

In 1977 the U.K had a restriction on how much money you could take out of the country,I dont see any difference to the controls that Cyprus may impliment to that of the U.K in 1977

[cyprusgrump]

Iceland welcomes you to the group of countries that have imposed capital controls.

I do wonder about the free flow of capital (one of the pillar of the EU) when eurozone countries start to impose capital controls. What happens when panic hits Spain, Italy? How are countries better off with the euro than their own currencies when capital controls are allowed? It's the same illusion.

And how are Cyprian businesses supposed to operate now? Are they exempt?

Nobody knows...

It looks to me that the banks have stolen all of our money and we cannot gain access to it in any way shape or form.

The banks will allow us to take some 'pocket money' from our accounts... Who decides how much pocket money will be sufficient for each person/business every day...?

In 1977 the U.K had a restriction on how much money you could take out of the country,I dont see any difference to the controls that Cyprus may impliment to that of the U.K in 1977

If the reports are true, they are going top turn current accounts into 'timed deposit accounts' that automatically renew - i.e. you can never take your money out...

And they plan to restrict how much cash you can take out every day...

So it is significantly different to restricting how much you can take out of the country...

[jonah]

Iceland welcomes you to the group of countries that have imposed capital controls.

I do wonder about the free flow of capital (one of the pillar of the EU) when eurozone countries start to impose capital controls. What happens when panic hits Spain, Italy? How are countries better off with the euro than their own currencies when capital controls are allowed? It's the same illusion.

And how are Cyprian businesses supposed to operate now? Are they exempt?

Nobody knows...

It looks to me that the banks have stolen all of our money and we cannot gain access to it in any way shape or form.

The banks will allow us to take some 'pocket money' from our accounts... Who decides how much pocket money will be sufficient for each person/business every day...?

In 1977 the U.K had a restriction on how much money you could take out of the country,I dont see any difference to the controls that Cyprus may impliment to that of the U.K in 1977

If the reports are true, they are going top turn current accounts into 'timed deposit accounts' that automatically renew - i.e. you can never take your money out...

And they plan to restrict how much cash you can take out every day...

So it is significantly different to restricting how much you can take out of the country...

I not sure i understand what a timed account is,but as long as I can access enough funds from my account to live a
I am content

[cyprusgrump]

Iceland welcomes you to the group of countries that have imposed capital controls.

I do wonder about the free flow of capital (one of the pillar of the EU) when eurozone countries start to impose capital controls. What happens when panic hits Spain, Italy? How are countries better off with the euro than their own currencies when capital controls are allowed? It's the same illusion.

And how are Cyprian businesses supposed to operate now? Are they exempt?

Nobody knows...

It looks to me that the banks have stolen all of our money and we cannot gain access to it in any way shape or form.

The banks will allow us to take some 'pocket money' from our accounts... Who decides how much pocket money will be sufficient for each person/business every day...?

In 1977 the U.K had a restriction on how much money you could take out of the country,I dont see any difference to the controls that Cyprus may impliment to that of the U.K in 1977

If the reports are true, they are going top turn current accounts into 'timed deposit accounts' that automatically renew - i.e. you can never take your money out...

And they plan to restrict how much cash you can take out every day...

So it is significantly different to restricting how much you can take out of the country...

I not sure i understand what a timed account is,but as long as I can access enough funds from my account to live a
I am content

Like a 90 day account... you have to keep it in there for 90 days - except they automatically renew the 90 day period...

[GreekIslandGirl]

If it's a 90 days account, you give 90 days notice if you want to close your account, otherwise you lose 90 days interest. Same as always.

Stop scaremongering with bloggers' gambles.

[jonah]

If it's a 90 days account, you give 90 days notice if you want to close your account, otherwise you lose 90 days interest. Same as always.

Stop scaremongering with bloggers' gambles.

But can I still draw out money to meet monthly demands and will there be a restriction on the amount i can withdraw each month?

[cyprusgrump]

If it's a 90 days account, you give 90 days notice if you want to close your account, otherwise you lose 90 days interest. Same as always.

Stop scaremongering with bloggers' gambles.

In which case everybody would take their cash out at the end of the 90 day period (which obviously could expire next week)...

I simply cannot see how the government can allow people top access their funds in the light of this crisis...

It would be pointless taxing savers this weekend only to find that everybody withdraws their cash from the banks next week causing them to collapse anyway...

It is not scaremongering, given the lack of concrete information that is available it is only natural for people to discuss all the possibilities (and if possible take sensible actions to protect themselves)...

Sadly for you, you do not get to censor subjects on this forum that you disagree with or find distasteful... Perhaps if you were a better poster and hadn't been banned so often Admin might have considered you for a Moderators role...