Shock in Cyprus as savers face bailout levy

reply to post by SeekerofTruth101


Warning signs of 'hating Cypriots' and 'hating Russians' are a big red flag to me, you are on a marked card with your baiting. Seeker of something indeed, seeking other nations downfall??

Tell me are you a globalist?

Cyprus has scored a victory for the forces of light ie the people's own hard-earned coin, this day

www.guardian.co.uk...

Possibly the oligarch banker disliking KGB or russian mob made a few..ummm..phone calls to some constituantcy offices....

You can only get money from people that have it !

Now, the government has a target... People with bank accounts.

I doubt that this will be the only levy that they assess.

Russia could use the crisis in Cyprus to secure a military foothold and energy rights in the Mediterranean, it was claimed last night...
...Gazprom submitted plan to Cypriot President Nicos Anastasiades on Sunday
It is also rumoured that Kremlin is privately offering to help bail out Cyprus
It would be in 'return for use of a naval base in the Greek part of the island'...

www.dailymail.co.uk... ts.html

some more chess moves

Wow, not a single vote for the Bailout Tax! Way to go Cypriots!

The people of Europe should take notice. No carrots... no sticks!

This was poorly managed by the IMF and the EU...

If they had progessively increased the one time Tax from 3 to 15%, everybody would be fine. They also should have done this like any other transparent legitimate process. Vote for it and let it happen over time...

People did profit over the years, the more they stored, the more they got at a certain risk.

Up to 100k no taxes

Then slowly build up to 15% max.

Done...

Originally posted by WatchRider
Warning signs of 'hating Cypriots' and 'hating Russians' are a big red flag to me, you are on a marked card with your baiting. Seeker of something indeed, seeking other nations downfall??

Tell me are you a globalist?

Cyprus has scored a victory for the forces of light ie the people's own hard-earned coin, this day

www.guardian.co.uk...

Do you think I care a hoot on what you think, more so when you put words into another's mouth to perpetuate your falsehoods?

The only victory Cyprus scored today is an unmarked grave dugged by themselves, sold out the nation to Putin and his bunch of thieves as they demand for the title deeds to all lands and ports, and even resources underground for the ill begotton $25billion robbed from the russian masses, which they had now lost when they stupidly think they could turn a dollar safely in the casino stock exchange through Cyprus bankers whom made great promises for deposits.

Even gambling has rules - once the money is on the table, if lost, it is gone, and expect nothing. Every gambler understands such rule. So now the losers want their money back, and don't mind even innocent cypriots who mostly don't even have more than $20,000 get pulled into the chaos, hurt, suffering and bankruptcy?

Now that the fact is evident and clear - the Cyprus PEOPLE, through the minority that demostrated in the streets and through their elected representative in Parliament - HAD REJECTED THE EU LOAN, and even lashed out EU member states, then EU should walk away now.

One can only help those whom are willing to help themselves, to aknowledg errors, correct and change to progress. But if they don't and instead get bitten in return for kindness, it is high time to turn around, dust the sand of Cyprus off one's shoes and walk away.



.

Cyprus central bank: Banks to remain closed Thursday and Friday
Mar. 20 1:17 PM EDT

NICOSIA, Cyprus (AP) — Cyprus central bank: Banks to remain closed Thursday and Friday.

bigstory.ap.org...

From page 2

Originally posted by VeryLastProphet
CYPRUS Confiscation of deposits: COLLAPSE of BANKS enters stage 2 BEFORE US Guns consfiscated

COLLAPSE of BANKS script: The four stages
The collapse of Banks script, part of the BIG BANG script catching the human cattle by surprise, was exposed long ago by Last Prophet Matt Marriott.
The four stages:
- 1: some banks "collapse" and are "bailed out" to justify "austerity", in particular the "sovereign debt" hoax.
- 2: savings and pension funds of ALL banks in a particular area are reduced by X%, where X between 9.99% and 40%.
- 3: ALL banks in in a particular area declare bankruptcy, ALL savings and pension funds are reduced to 0 (anihilated).
- 4: Stage 3 for ALL areas.

Cyprus: Communists v Conservatives theater to upscale stage of collapse of Banks script in Illuminatziland
Cyprus human cattle gets the prize for buying the "conservatives" broken record: "bank accounts are safe":
"something will happen to your savings BEFORE you have the time to react", accordingly to illuminati's religion goal of endless deception.
Generalized robbery of savings and pension funds starts in Cyprus, 16 March 2013, weeks after the election of the official EU agents.
The stage was set by the previous Cyprus government of illuminati agents in the role of communists.
The two main tasks of the Cyprus "communists" were obviously the same as of any other "government" of a EU former country now reduced to a colony:
- to sell the core message: "there is no alternative to the euro currency";
- to transfer national assets to the illuminati safes.

Desperate ILLUMINATI: BREAKING DATA: COLLAPSE of BANKS stage 2 begins BEFORE DISARM CITIZENS completed in USA
...

The fact that two days later the Cyprus Parliament vote went wrong proves the "Desperate ILLUMINATI" point.
The fact that no deal was reached with Russia proves the "Communists v Conservatives theater " point.

Update:

Banks in Cyprus to remain closed until Tuesday - officials
Cypriot banks will remain closed Thursday and Friday, the country’s central bank has said. As Monday is a public holiday the banks are scheduled to reopen on Tuesday. Cyprus's banks were closed on Monday and the country's central bank earlier said they would remain shut at least until Thursday. This comes in the wake of the parliament's rejection of a levy on bank savings on Tuesday.

rt.com...

edit on 20-3-2013 by Senduko because: (no reason given)

reply to post by SeekerofTruth101


I don't really care on your thoughts of what I think of you are. The reason I said what I said about you was to let people on this thread and forum know what your game and angle is.

Back on Topic (slightly); Cyprus is getting Russian support but no deal for the island on an EU independent bail-out falters:

www.ft.com...

Yet an EU boss says a tax on savers inevitable...

euobserver.com...

reply to post by WatchRider


Cypriot parliament approves part of 'plan B' for bailout

In a bid to secure an EU bailout, the Cypriot parliament has adopted laws creating a “solidarity fund” to pool assets as the basis for an emergency bond issue and allowing the government to impose capital controls for the country's banks.

sauce :rt.com...

Wonder how the EU will react to this, and what exactly this fund will do.

Cyprus government has just done a massive U-Turn and bent over for the banks. They now in turn want the savers to bend over and take a MAMMOTH 20% LEVY!!!!!!

20% Levy incoming!!!!!

Basically if you have over 100,000 Euros in the Bank of Cyprus you cop for the full-throttle, no-lube 20% Levy.

So if you have 1 million Euro's the government is going to STEAL nearly a quarter of a million from you!

If you have over 100,000 Euros and are with a different Cypriot branch you get the appeasing 4% spanking instead.

That means *only* 4,000 Euros on a 1 million Euro account holder or 2,000 Euro's on a 500,000 saver.

A lot of honest hard-working expatriates who have worked all their lives, saved and invested are going to get robbed and bled white by....

*Pulls back the curtain....

You guessed it the banksters!

ALL the money from the 'levy' is going to fund the banks btw.

No punishment for failure, just rewarded with blood-money from the masses (as usual).

If you think it's going to stop here it won't, this is the firm precedent. Italy did a small 0.06% levy in the 1990s to test the waters. This is the real 'invasion' into the world of savers by the money vampires. The third and following times it will be places like the PIGS countries and.... who knows? Perhaps the eye of Sauron will look upon more distant lands like the USA even????

Wake up Europa!

reply to post by WatchRider


Sorry mate, but I think your abit behind:p

www.zerohedge.com...

The situation in Europe remains fluid. 'Rumors' circulate from 'anonymous' sources but seemingly confirming what 'news' we do have from Olli Rehn that there is no deal; Xinhua reports that the Cypriot Parliament has cancelled the debate over the deposit levy for today (following daylong negotiations with the Troika). Further to the 'no deal' meme, ekathimerini is reporting, via another senior Cypriot official,

*CYPRUS, TROIKA NOT CLOSE TO DEAL, CYPRUS NEWS AGENCY REPORTS
“We are not in touching distance of an agreement,” the official, who preferred to remain anonymous, commented adding that the impasse was a result of the “inflexible” stance of the IMF - "Every half hour, new demands are made." Further comments indicate the 'low levy' on the rest of Cyprus-based bank deposits has been abandoned - implying a potential 25% haircut for Bank of Cyprus deposits.

It seems the EU wants Cyprus out of the EU..

Edit: Maybe to clarify... The government of Cyprus came to an agreement ( the one you stated above 'plan B" ) It still has to pass the Troika and then the EU councel.

reply to post by Senduko


So here's another view...

Recent changes to banking laws effecting offshore accounting practices and such, including revised treaties with Camen Islands, Switzerland and other locations, have severely restricted the number of options of where you can go to hide illicit money in large sums.

In recent years, lots of money has been exported from Russia to Cyprus, Russia would like to get some visibility into where this money is coming from so that they can collect taxes owed.

So lets say you've managed to squirrel away a couple of millions of dollars in your secret offshore account in Cyprus and used some of it to finance your operations and laundered it through legitimate cash businesses, what the first thing you are going to do when the banks reopen after the levy has been introduced? That's right, you are going to move it the hell away from Cyprus, now your illicit funds are out in the open, there are very few places left for large organised crime and international intelligence operations to hide and disguise large funds.

Could it be that the insistence on a levy in Cyprus was specifically designed to flush out the mobsters ? Like throwing a torch down a drain and seeing all the rats run for their lives?

reply to post by redshoes


I think it's a bit more devious en complicated then that. And also by the time the banks open the 25% or all the money above 100k will already be redacted so...

I don't know... it seems like Cyprus is just collateral damage in the war against Russia.

reply to post by Senduko


It looks like they have agreement.

www.reuters.com...

As Cypriot party leaders met, a senior Cypriot official told Reuters that Nicosia had agreed with EU/IMF lenders on a 20 percent levy over and above 100,000 euros at No. 1 lender Bank of Cyprus, and four percent on deposits over the same level at others.

ETA:
Ahh, they still have some more work, but expect an answer tomorrow:

"Hopefully by tomorrow in Brussels we will have the agreement of our partners," Averof Neophytou, deputy leader of the ruling Democratic Rally party, told reporters.

reply to post by Senduko


The 20% and 4% is now agreed already after that speculation from zerohedgefund

Here's the troika's stamp of approval. 'Stamp' being the operative word here.


Troika Agree's to Levy!

Am I right in thinking - the EU will take billions from the banks' pool of assets that includes customer deposits, and subsequently themselves deposit those same billions, plus some extra billions, back into the same pool of assets ?

I would like to see these billions of euros of customer deposits after the levy is charged, laid out on a table at a press conference, because I don't believe those billions exist.

I think the levy is actually vapour - there is no money left in these banks to charge the levy. All the banks actually have left are toxic investments which nobody will give a bean for on the open market, so the taxpayer must buy them instead.

I am entirely supine now in respect of protecting rich peoples' money. Let them all go bust, even if it means everyone goes bust, and we will rebuild the economy from scratch.

No more billionaires, no more billion dollar corporations. All we have to do to stop the New World Order is stand back and let the banks fail.

Originally posted by WatchRider
ALL the money from the 'levy' is going to fund the banks btw.

reply to post by wemadetheworld


Yes, essentially the banks caused the mess, the people are paying and not only that, the money the people are paying, is going back to...

Yep, you guessed it the banks once again!

You aren't in the club, you don't get the deal, but you do get a seat at the front row of the freak show every time you switch on the the TV.