Bazj Posted March 16, 2013 Report Share Posted March 16, 2013 Look what happens when the socialists are in charge and they run out of money!!! Cyprus Bailout: Savers Lose Money In EU Deal http://news.sky.com/story/1065567/cyprus-bailout-savers-lose-money-in-eu-deal Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 16, 2013 Report Share Posted March 16, 2013 Your theory fall apart when you look at Greece Baz, they had a centre right government when they got into trouble Quote Link to comment Share on other sites More sharing options...
Bazj Posted March 16, 2013 Author Report Share Posted March 16, 2013 No comment about the EU stealing money though eh Kije??? Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 16, 2013 Report Share Posted March 16, 2013 Are they stealing money, they are bailing Cyprus out. Quote Link to comment Share on other sites More sharing options...
Bazj Posted March 16, 2013 Author Report Share Posted March 16, 2013 by stealing 10% off savers in their banks.... If Cameron suggested doing it here to help bring the deficeit down you'd be the first to complain Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 16, 2013 Report Share Posted March 16, 2013 So its the EU and not the government of Cyprus? Quote Link to comment Share on other sites More sharing options...
Bazj Posted March 16, 2013 Author Report Share Posted March 16, 2013 It is the government of Cyprus under orders from the EU masters Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 16, 2013 Report Share Posted March 16, 2013 No its the Government of Cyprus after discussions with the EU and IMF, See we got their in the end. Quote Link to comment Share on other sites More sharing options...
Bazj Posted March 16, 2013 Author Report Share Posted March 16, 2013 Discussions such as the ones highlighted below you mean???Looks to me like it was a do as we say bailout Kije.... take them blinkers off quick man.... they're going to do us all in... we need to get out now!! "Anyone with savings in a Cyprus bank will lose some of their money under a ground-breaking bailout deal agreed by European finance ministers." "EU finance ministers have agreed to lend the indebted island 10bn euros but in return the public will be forced to forfeit part of their savings." "As part of the deal, the government will also have to hike corporate tax to 12.5% from 10% and sell off state assets to help balance the public finances." Quote Link to comment Share on other sites More sharing options...
observer Posted March 16, 2013 Report Share Posted March 16, 2013 Think the motivation was, the fact that a large proportion of savings in Cypriot Banks belongs to Russians. The tough part is, other savers will dip out too. But as long as we're not baling them out - fine ! Quote Link to comment Share on other sites More sharing options...
asperity Posted March 16, 2013 Report Share Posted March 16, 2013 Thin end of the wedge Obs. Once they find they can get away with it they will broaden their horizons Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 17, 2013 Report Share Posted March 17, 2013 Baz It was the IMF the EU and the Cyprus government, The Cypriot government, asked for the bail out, How come you are blaming the EU, Why not the government of Cyprus or the IMF ? Quote Link to comment Share on other sites More sharing options...
Davy51 Posted March 17, 2013 Report Share Posted March 17, 2013 I think the main problem is the single currency ...we have seen problems in Spain ,Portugal & Ireland too where bailouts have been needed. There are countries in the EU whose economies are not all based on the same thing & the southern European ones are mainly tourist based & because they have to keep there cost of living in line with the Euro their economies are being hit because many tourists are holidaying elsewhere because it is cheaper. If these countries went back to their own currencies their economies would find their own levels & start attracting tourists again. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 17, 2013 Report Share Posted March 17, 2013 The EU, have to take some blame, some Countries were actively cooking their books in order to qualify to get in the single currency, they should never have been aloud in. The EU turned a blind eye to it and are now paying for it. The problem will be solved with a lot of hurt to those Countries. The ultimate responsibility must rest with the politicians that cooked the books. They gambled that the good times would never end, a bit like the Bankers. Quote Link to comment Share on other sites More sharing options...
Bazj Posted March 17, 2013 Author Report Share Posted March 17, 2013 The only country that was proven to have fiddled their books was Greece... not some. The Euro is a ball and chain around the necks of the "Holiday economies" because they cannot discount and get themselves back in a position to compete with Egypt and the like and have to keep their prices high to keep in line with EU dictats and inflations.... it is all a house of cards that will fall Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 17, 2013 Report Share Posted March 17, 2013 Baz, Italy cooked their books, and then their are other Countries that are thought to have done done it, but as they are not in crisis, nobody has gone into look at the books Quote Link to comment Share on other sites More sharing options...
observer Posted March 17, 2013 Report Share Posted March 17, 2013 ..... and given all this "book cooking" in order to gain entry into the Euro Zone; who didn't check their books at the time and let them in? The Germans were well aware of the true state of their finances, but let them in regardless. The whole set up is based on allowing backward and corrupt states into a club, where they think they'll get free handouts from the richer states. The richer states of course believing that they have increased their (protected) export market, so the poorer one's can buy their goods with their bailout money ! Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 17, 2013 Report Share Posted March 17, 2013 We are talking about the single currency here Obs, think you lost the plot. Quote Link to comment Share on other sites More sharing options...
observer Posted March 17, 2013 Report Share Posted March 17, 2013 ... and the "Euro Zone" is? ---- Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 17, 2013 Report Share Posted March 17, 2013 No need to join the euro zone for the benefits of the EU, we are not in the euro zone. Quote Link to comment Share on other sites More sharing options...
Bazj Posted March 17, 2013 Author Report Share Posted March 17, 2013 Do you drive a Dodge Kije?.... you should do!! Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 17, 2013 Report Share Posted March 17, 2013 And you completely ignore the IMF Baz, as it is not convenient for your anti EU rhetoric, it just doe not quite fit, so leave them out. Quote Link to comment Share on other sites More sharing options...
observer Posted March 18, 2013 Report Share Posted March 18, 2013 These Countries joined the EU basically in the belief they'd get something for nothing. I recall seeing an unfinished road in Cyprus, and some local wit saying "they're waiting to join the EU, so the EU will pay for it to get finished" - true or not, it kinda sums up the situataion. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 18, 2013 Report Share Posted March 18, 2013 Did they Obs, have you asked them why they joined, I would be interested if you could point me in the direction of those interviews, Or is it just your opinion ? Quote Link to comment Share on other sites More sharing options...
asperity Posted March 18, 2013 Report Share Posted March 18, 2013 This sort of legalised theft isn't going to encourage people to save their money in banks is it? Quote Link to comment Share on other sites More sharing options...
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