Wow. EU steals 10% of bank deposits in exchange for bailout
- Thread starter Grandluxe
- Start date
to sum it up, in retrospect, after a 1 week, the way I hear it and understand it, ECB told Cypress they need to come up with 8bb. They figured they would impose some kind of tax on the wealthy. But the banks figured that would hurt the rich too bad, so they just decided to spread the pain around equally, that way, "everybody is paying their fair share."
Hard to tell now who is bluffing who. Maybe finance minister figured it would never fly and stood up to the banks by taking it to the people.
at anyrate, it is the ECB who now has the big problem back in their hands
Hard to tell now who is bluffing who. Maybe finance minister figured it would never fly and stood up to the banks by taking it to the people.
at anyrate, it is the ECB who now has the big problem back in their hands
What does the EU government think that people in France, Italy, Greece and Spain think about this whole situation as they watch it unfold? Is the news being reported? Do they think it will not happen here or something?
I am not surprised the EU backtracked (a little anyway) but I am quite surprised they keep up the pressure. Perhaps they don't feel that it is a mistake.
Could it just be a test case?
I am not surprised the EU backtracked (a little anyway) but I am quite surprised they keep up the pressure. Perhaps they don't feel that it is a mistake.
Could it just be a test case?
The EU and Russians are locked in talks.
Looks to me as if there might be a firesale of Cypriot assetts by the big boys carving up a small island. Perhaps it serves them right though ? Incompetent clots !
It could set a precedent for other mismanaged economies too. What if the Chinese wanted something solid in return for the ~$10 trillion the USA owes them. Would they be satisfied with a state ? Maybe California being the nearest ?
Would a 10% bank deposit levy pay off a big slice of the huge debt ?
What about a 10% wealth levy ?
Thanks George
Looks to me as if there might be a firesale of Cypriot assetts by the big boys carving up a small island. Perhaps it serves them right though ? Incompetent clots !
It could set a precedent for other mismanaged economies too. What if the Chinese wanted something solid in return for the ~$10 trillion the USA owes them. Would they be satisfied with a state ? Maybe California being the nearest ?
Would a 10% bank deposit levy pay off a big slice of the huge debt ?
What about a 10% wealth levy ?
Thanks George
Don't worry about people in France. All the other countries have to be dealt with first. From the moment people can talk, this is the first song learned:
http://www.marseillaise.org/english/translation.html?liberal
....
Citizens take up arms
Form your battalions
March, march
Spill the enemy's blood
Over the land
...
What do this horde of slaves,
Traitors and conspiratorial kings want?
For whom have they wrought their vile iron chains?
Frenchmen this outrage is prepared for us!
What can we do to stop them in their plan
To return us to the slavery of an evil past
....
Tremble, tyrants and traitors
Who bring dishonour to good men
Tremble, for your evil schemes
Will get their come-uppance
We are all France's soldiers in the fight against you
Ready to man the breach should our young heroes fal
...
Frenchmen, as magnanimous warriors
Bear or hold back your blows
Spare these sad victims
That they regret taking up arms against us
But not these bloody despots
These accomplices of Bouillé
All these tigers who pitilessly
Ripped out their mothers' wombs
....
We shall follow our elders into the pit
Where we shall find their ashes and their epitaphs
We prefer to join them in death
Or to avenge them, rather than live in shame
...
no wonder that apparently the one-term president
wanted to change the national anthem.lol.