Cyprus-Forum.com

[Lordo]

My only concern is that what happens over there affect TCs and yet TCs have no say in who is elected there. Not that it would make a blind bit of difference.

Those who elected this swine so many times and of course there is also information that the elections were stolen. Turks got wise to his stuff and protected the ballot boxes during Istanbul elections and stoped his party winning there.

As it has been said far worse took place in Cyprus with the haircut. Thats what we sould care about. Let everybody else deal with their own problems.

Two questions remains.
1. Have the wages got increased to compensate for the loss of wages during the haircut?
2. Have the people who lost money in their deposit accounts got compensated since?

Anything else is hogwash.

[Maximus]

My only concern is that what happens over there affect TCs and yet TCs have no say in who is elected there. Not that it would make a blind bit of difference.

Those who elected this swine so many times and of course there is also information that the elections were stolen. Turks got wise to his stuff and protected the ballot boxes during Istanbul elections and stoped his party winning there.

As it has been said far worse took place in Cyprus with the haircut. Thats what we sould care about. Let everybody else deal with their own problems.

Two questions remains.
1. Have the wages got increased to compensate for the loss of wages during the haircut?
2. Have the people who lost money in their deposit accounts got compensated since?

Anything else is hogwash.

You wont make the situation in Turkey better with arguments that the Cyprus haircut was worse.

Your only concern is what happens over there, yet you are deflecting to Cyprus.



plonker.

[Lordo]

My only concern is that what happens over there affect TCs and yet TCs have no say in who is elected there. Not that it would make a blind bit of difference.

Those who elected this swine so many times and of course there is also information that the elections were stolen. Turks got wise to his stuff and protected the ballot boxes during Istanbul elections and stoped his party winning there.

As it has been said far worse took place in Cyprus with the haircut. Thats what we sould care about. Let everybody else deal with their own problems.

Two questions remains.
1. Have the wages got increased to compensate for the loss of wages during the haircut?
2. Have the people who lost money in their deposit accounts got compensated since?

Anything else is hogwash.

You wont make the situation in Turkey better with arguments that the Cyprus haircut was worse.

Your only concern is what happens over there, yet you are deflecting to Cyprus.



plonker.

Youuuuuuuuuu stupid boy.

Have they started raiding people's private bank accounts yet or reducing wages over there? Of course it was wrose in cyprus. The only saving grace for Cyprus was that it was in the EU which meant there was no run on the currency. But I bet you are against EU too.

Now grab the bottle of milk and back to your cot you hear?

[Maximus]

Erdogan has raided the central bank to the tune of $128 billion, built palaces with publics money and probably has close to a billion in Swiss bank accounts.

Thats what we know of.....

The majority of the population can barely make ends meet. They dont have any money in their bank accounts to raid!

So he is encouraging them to take out loans with lower interest rates, just to survive.

What has this got to do with what happened in Cyprus nearly a decade ago, you fckn idiot.

[Lordo]

How interesting. So tat is how Troika makes decisions accroding to you. They look at the accounts and see if there is any money to be had.


You stupid boy. Now drink your milk and go to sleep, there's a good boy.

In the meantime, in the real world, reading this gives me no pleasure at all. And I mean that.

The ‘Troika’ of creditors have agreed the final deposit levy on Cypriot accounts will be 47.5 percent for shareholders, bondholders, and depositors with more than 100,000 euro in the two largest banks.
The levies placed on large depositors will be used as equity to recapitalize the bank, a decision reached in March as part of the bailout package.

As a condition for receiving a $13 billion (10 billion euro) bailout package, Cyprus was forced by Troika lenders to sponsor a portion of their bailout, which they will raise by levying shareholders, bondholders, and depositors with more than 100,000 euro in accounts.

Previous exact loss estimates have ranged from 12.5 percent, later revised to 30 or 40 percent, and in April, 60 percent. Cyprus hopes to keep the deposit levy under 50 percent.

In addition, the Bank of Cyprus will be restructured under the Troika’s watch, and the second largest bank, Laiki will be completely shut down, and losses will be compensated for depositors with less than 100,000 euros.

The ‘bail-in’, or the idea of having depositors, and not taxpayers, finance the bailout, was suggested by Troika lenders and embraced by Cypriot government officials facing heated protests.

In part, the idea gained popularity because Cyprus was a financial hot-spot for foreign investment. About 50 percent of deposits in the Bank of Cyprus belonged to non-EU residents, and much of the funds were suspected to belong to Russian oligarchs.

Russian Deputy Prime Minister Arkady Dvorkovich believes at one point there was over $30 billion in Russian holdings in Cyprus.

The Central Bank of Cyprus said domestic residents’ deposits totaled 34.96 billion euro, down 2.56 billion euro compared to May 2013.

The Cyprus scenario marked the first time depositors were forced to contribute to the bank’s bailout and now it is set to become the norm.

Cypriot Banks have weakened under the re-structuring period, and have been the source of negative credit ratings.

Both Moody’s and Standard & Poor have downgraded Cyprus credit, warning the tiny island nation may soon default on its debt again. Moody’s issued a statement in July that they had already technically defaulted again, as they delayed paying back 1 billion euro worth of bonds.

Together, the Bank of Cyprus and Laiki account for 80 percent of the banking sector in Cyprus. Hellenic Bank, formally the island’s third largest bank, is now the island’s biggest lender not under re-structuring.

By the end of 2013, the Bank of Cyprus plans to lay-off 2,500 workers, and close a number of its branches.

The future is bleak, too. The economy is forecast to shrink by more than 10 percent this year, up from the Troika’s 8.7 percent estimate in March while sorting out bailout details. The economy is expected to retract by 2016.

[Lordo]

Funny enough, after this episode I was contacted by a friend worried that I may have some money in Cyprus. Naturally I had no money in Cyprus at that time.

[Cap]

So this is what this forum has ended being.
Between 2 or 3 people.
Repulse an authentic Cypriot vs Lordo the Anti Cypriot foreigner.

Thank you Repulse, you've given me the strength as much as you could imagine.
I know you've seen my past craziness and identified me as a true Cypriot.
Deep inside I know you know that. We connected many times, oceans apart.
Cyprus in our hearts.
God bless the Republic of Cyprus, God bless Canada.
Leaving this forum for good.

Thank you.

[repulsewarrior]

...i am sorry you feel that way Cap; and i encourage you to stay.

Seriously, what have we got, but this Forum. Cyprus is small, this Forum is smaller still. It's not the point.

For Cypriots this is the challenge, to be heard. Do not despair. Keep reading and keep writing.

Freedom for Cyprus. Liberty too.

[Maximus]

Funny enough, after this episode I was contacted by a friend worried that I may have some money in Cyprus. Naturally I had no money in Cyprus at that time.

The only thing that is funny is the diatribes that come out of your mouth.

Because you get triggered from any bad news or criticism about Turkey.

[Lordo]

There is only one word to describe anybody who cannot stand their country being critisized for the wrong things they have done and it is called FASCIST.

When your country has done something wrong, you have to accept it but do not blame the people, it is the political leaders that are at fault.