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Thread: The First Bite: Cyprus

  1. #41
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    Re: The First Bite: Cyprus

    Quote Originally Posted by PeteEU View Post
    No I did not. I said they COULD have British bank accounts... big freaking difference.
    Again, they "could" have British bank accounts but with banks they disagree with or have objections to using. Equally, they may be very happy with their normal bank and unwilling to face the pressure to transfer accounts once they have a second account.

    Quote Originally Posted by PeteEU View Post
    -- Come on.. all I have pointed out is the problem with the British government bailing out its citizens due to these citizens putting their money in a foreign bank, when they COULD have put it in a British bank and not been subject to this theft. What will the UK government do if it happened in France, Spain or Italy.. where there are hundreds of thousands of Brits with bank accounts in local banks? And why only military personnel? It is one hell of a can of worms that Cameron has opened up but I suspect he is too stupid to realize what he has done.

    I have worked and lived overseas most of my life. I CHOSE to use local banks and I CHOOSE to use local banks in Spain, despite the 3 big Danish banks (including my Danish bank) having branches here. What dont you get with the idea that it is my choice, just as it is the choice of British military personnel in Cyprus to use local banks rather than British banks. And hence if my Spanish bank goes down, then it is my own fault because I made that choice of using it... should I expect a bailout by the Danish government for my choice?
    I'll try and explain it one last time, if you work for your national government in another country, you get in-country advice sometimes: where to drink / eat / play etc. It can also go on to information about banking. A private citizen makes their own choices to be there. A soldier does not choose his or her posting; a civil servant does not choose (usually) his or her next post. Your national govt has put you there and may even have advised you - thus, there is a duty of care.

    Quote Originally Posted by PeteEU View Post
    --So back to my point.. is it not a very dangerous precedent to start bailing out British citizens in other countries because they chose to put their money in local banks?
    Have you ever worked overseas for your government? Not for yourself or a company (they often have their own arrangements)

    Quote Originally Posted by PeteEU View Post
    --You seem to be blinded by some kind of rage and nationalistic pride or something and cant see the tree from the forest of hatred towards me and anyone who mentions the word British in a remotely negative nature.
    NO, you just post inaccurate and sometimes ignorant stuff Pete.

    Quote Originally Posted by PeteEU View Post
    -- Ahh well you see Cyprus has been for a long time accused of being the money laundering capital of Europe. Did you know that something like 60% to 80% of the money on bank accounts in Cyprus is actually held by Russian nationals? Russians have been using Cyprus as a place to move their money overseas.. and most of that money is gotten by illegal ways... corruption, drug running and so on. The EU has been pissed about it for a while, but have not been able to do anything about it without pissing off the Russians royally... but now it seems they saw their opening. Russia has tens of billions invested on the island and in Cyprus banks.. and all that is now under threat. That is also why they are moving to change the deal so that those under 100k pay less... where as those over 100k pay much more.. Guess who has over 100k and guess who has under 100k?
    OK, but nothing to do with government employment in another country and local banking.

  2. #42
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    Re: The First Bite: Cyprus

    Quote Originally Posted by Harry Guerrilla View Post
    You don't own your money.
    Sounds something like our tax withholding doesn't it?

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    Re: The First Bite: Cyprus

    Yes they could have let Greece fail. Hey why not kick that first domino. Cypress banks have lost $3.5 billion on Greek bonds.
    Everything You Need to Know About the Cyprus Bank Disaster - Matthew O'Brien - The Atlantic

    Wake up. Govt isn't any more your friend then the banks govt controls.


    Quote Originally Posted by PeteEU View Post
    Who the hell required them to loan to countries like Greece? NO ONE! Stop blaming government and people in general for the failures of the banking sector.

  4. #44
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    Re: The First Bite: Cyprus

    Quote Originally Posted by CalGun View Post
    Yes they could have let Greece fail. Hey why not kick that first domino. Cypress banks have lost $3.5 billion on Greek bonds.
    Everything You Need to Know About the Cyprus Bank Disaster - Matthew O'Brien - The Atlantic
    Just as they should have let the American banks fail right?

    Wake up. Govt isn't any more your friend then the banks govt controls.
    No you need to wake up and see that it is the banks that often control the freaking governments now days.. and THAT is the problem.
    PeteEU

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    Re: The First Bite: Cyprus

    And why would have American banks failed? Because government demanded they loaned money to morons that
    couldn't pay it back - period.


    Quote Originally Posted by PeteEU View Post
    Just as they should have let the American banks fail right?



    No you need to wake up and see that it is the banks that often control the freaking governments now days.. and THAT is the problem.

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    Re: The First Bite: Cyprus

    Quote Originally Posted by CalGun View Post
    Cyprus: panic as savings levy is imposed | World news | guardian.co.uk

    Cyprus like many europeans just spends willy nilly almost as bad as America.
    So the people wake up to find their savings accounts garnished. Yeah - they can do
    that.

    Wake up people. Keep over spending, keep taxing too little and you end up with
    panic.
    Funny, I see a difference between the largest economy on the planet and a little island nation.

    Maybe this explains why conservative economic policies always fail. They think the US is like Cypress.

  7. #47
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    Re: The First Bite: Cyprus

    Quote Originally Posted by head of joaquin View Post
    Funny, I see a difference between the largest economy on the planet and a little island nation.

    Maybe this explains why conservative economic policies always fail. They think the US is like Cypress.
    Get your facts straight when you're critizing the elderly, they have all the time in the world to check the facts. This one leaves way too much room for failure. Iceland, Ireland, the UK.., lots of island nations who seem to believe the sea protects them against outflow of capital. Have you allready figured out when the difference stops being a difference, when socialist policies fail like they're supposed to?

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    Re: The First Bite: Cyprus

    Quote Originally Posted by Djoop View Post
    Get your facts straight when you're critizing the elderly, they have all the time in the world to check the facts. This one leaves way too much room for failure. Iceland, Ireland, the UK.., lots of island nations who seem to believe the sea protects them against outflow of capital. Have you allready figured out when the difference stops being a difference, when socialist policies fail like they're supposed to?
    So the US economy is like Iceland and Ireland?

    I see a pattern of misinformation forming.

  9. #49
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    Re: The First Bite: Cyprus

    Quote Originally Posted by gunner View Post
    It actually amounts to theft, as some are suggesting.
    How could this possibly be construed as theft? All they're doing is asking the wealtheist folks to pay a little bit more.

    (And yes, that WAS meant to be sarcastic)

  10. #50
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    Re: The First Bite: Cyprus

    It appears people power scares government theives - the Cyprian government has rejected the EU condition requiring the theft from bank accounts.

    Cyprus Rejects Deposit Levy in Blow to European Bailout Plan - Bloomberg

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