Submission chambers. Know what that is?
Imagine fighting your way to to top. Best of the best. To find yourself surrounded by peers. A tub. Who is to be placed inside? Cage on top. Urine. Feces. Food. Do you die or beg to be slave?
Wow. EU steals 10% of bank deposits in exchange for bailout
- Thread starter Grandluxe
- Start date
Submission chambers. Know what that is?
Imagine fighting your way to to top. Best of the best. To find yourself surrounded by peers. A tub. Who is to be placed inside? Cage on top. Urine. Feces. Food. Do you die or beg to be slave?
Here is a deeper explanation of the situation.
Quiet long ~1hour
<iframe width="640" height="360" src="https://www.youtube.com/embed/zJE6fIKMhg4?feature=player_detailpage" frameborder="0" allowfullscreen></iframe>
Quiet long ~1hour
<iframe width="640" height="360" src="https://www.youtube.com/embed/zJE6fIKMhg4?feature=player_detailpage" frameborder="0" allowfullscreen></iframe>
Looks like the Russians are coming in as even the new draft will be rejected by Parliament.
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Nicos Anastasiades, Cypriot president, has predicted that the draft bill will be voted down by parliament, while also alluding to an alternative plan brewing behind the scenes. He told reporters:
"The feeling I'm having is that the house is going to reject it.
They feel it is against the interests of Cyprus at large.
We have our own plans but I have to admit it was something not expected by the troika or by our friends in the Eurogroup."
What could the government's "own plans" entail? Think tank Open Europe reckons that help from Russia could well be a possibility.
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Nicos Anastasiades, Cypriot president, has predicted that the draft bill will be voted down by parliament, while also alluding to an alternative plan brewing behind the scenes. He told reporters:
"The feeling I'm having is that the house is going to reject it.
They feel it is against the interests of Cyprus at large.
We have our own plans but I have to admit it was something not expected by the troika or by our friends in the Eurogroup."
What could the government's "own plans" entail? Think tank Open Europe reckons that help from Russia could well be a possibility.
There are rumours that Gazprom have proposed they shore up the entire banking system in exchange for full rights to develop gas and oil fields in Cyprus.
http://www.cnbc.com/id/100564095
http://www.cnbc.com/id/100564095
i might understand the cut, if it somehow magically solve all their banking problems,but i think-it's not going to happens and it's will be just another black hole.
bottom line-you can cut whatever-it's not going to help. they should allow banks to go bankrupt. same in US or any other country.you placed stupid bets-you die. and if you hold either russian kgb or mafia money-you should be aware that you might die physically. if this didn't stopped you from making stupid bets-then might be you should be dead.not bailed out. just as an example to others.
something like this-
bottom line-you can cut whatever-it's not going to help. they should allow banks to go bankrupt. same in US or any other country.you placed stupid bets-you die. and if you hold either russian kgb or mafia money-you should be aware that you might die physically. if this didn't stopped you from making stupid bets-then might be you should be dead.not bailed out. just as an example to others.
something like this-
Former governor of the Cypriot central bank, Anthanasios Orphanides has launched an powerful rebuke towards Cyprus's European creditors, branding their actions tantamount to blackmail. Speaking to Bloomberg TV, he said:
"We are witnessing historic times. What we're witnessing is the slow death of the European project. We are in a situation where some European governments are essentially taking actions that are telling citizens of other member states they are not equal under the law.
What we have seen for the last few days is a very serious blunder by European governments that essentially are blackmailing the government of Cyprus to confiscate the money that belongs rightfully to depositors in the banking sector in Cyprus.
The way the strongest governments of Europe have blackmailed the Cypriot government to confiscate deposits is essentially sending a message that no-one with deposits in a small country like Luxembourg should feel safe about their deposits. No-one with deposits in a weak country, like Spain, should feel safe about deposits.
Decisions like this, much like the decision to haircut Greek debt in October 2011, actually benefit some countries. For example as weâve seen from markets yesterday a decision like this reduces the financing costs for the German government so the German government can now borrow at negative rates as a result while it inflicts pain on other countries. Not everybody is equal under the law the way European governments are behaving these days.
This is why I worry about the future of Europe."
"We are witnessing historic times. What we're witnessing is the slow death of the European project. We are in a situation where some European governments are essentially taking actions that are telling citizens of other member states they are not equal under the law.
What we have seen for the last few days is a very serious blunder by European governments that essentially are blackmailing the government of Cyprus to confiscate the money that belongs rightfully to depositors in the banking sector in Cyprus.
The way the strongest governments of Europe have blackmailed the Cypriot government to confiscate deposits is essentially sending a message that no-one with deposits in a small country like Luxembourg should feel safe about their deposits. No-one with deposits in a weak country, like Spain, should feel safe about deposits.
Decisions like this, much like the decision to haircut Greek debt in October 2011, actually benefit some countries. For example as weâve seen from markets yesterday a decision like this reduces the financing costs for the German government so the German government can now borrow at negative rates as a result while it inflicts pain on other countries. Not everybody is equal under the law the way European governments are behaving these days.
This is why I worry about the future of Europe."