Wow. EU steals 10% of bank deposits in exchange for bailout

how can you have 70% of population in finance sector and prosper?

when banking sector in the rest of europe is 5x too big vs the real needs?
The Cyprus must turn quickly into some amusement park, disneyland without mickey mouse, bordello with lots of greek, serbian and ukrainian women, insanely cheap holiday destination, mean 2x cheaper vs thailand- if they want to make some income.....

if not, prepare to see 70% unemploy. rate and the whole island on fire.
 
Quote from DT-waw:

how can you have 70% of population in finance sector and prosper?

when banking sector in the rest of europe is 5x too big vs the real needs?
The Cyprus must turn quickly into some amusement park, disneyland without mickey mouse, bordello with lots of greek, serbian and ukrainian women, insanely cheap holiday destination, mean 2x cheaper vs thailand- if they want to make some income.....

if not, prepare to see 70% unemploy. rate and the whole island on fire.
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It's a similar situation in the UK.
 
Cyprus is a goner. They will bleed-out instead of the decapitation they would've experienced w/o the bailout. What choice did they have? Go back to the Cypriot pound at a 60% deval?
 
Quote from atticus:

Cyprus is a goner. They will bleed-out instead of the decapitation they would've experienced w/o the bailout. What choice did they have? Go back to the Cypriot pound at a 60% deval?
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Agreed their best days are behind them. They had a choice when they doubled down and did not diversify their investment portfolio...
 
Quote from Cdntrader:

now 70% over 100k lol why not just take it all!
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CYPRUS FINMIN: UNINSURED LAIKI DEPOSITORS COULD FACE 80% HAIRCUT AND WAIT 6-7 YEARS FOR PAYOUT
 
I have been locked out of my computer for two days due to incredibly slow internet. I eventually had to get to low level commands to flush the winsock and ip and dns caching and I can work again. For how long, who knows. Java, Internet Explorer, Win 7, adobe etc. have been upgrading like no tomorrow.

Earlier this month my bank was under enormous attack. In 15 years, I had never seen such a problem. I later got confirmation of a massive DoS attack on the bank. Webmail (different companies) had a similar issue on a different day. I forwarded a spear attack to one webmail provider who thanked me and shutdown an internal hack.

I read first thing coming up again about "The BBC says that security experts are describing it as "the biggest cyber-attack in history."

So my question is: Who is doing all this? It appears someone will not take losing Cyprus capital lightly!

Fasten your seat belts, we are in for a bumpy ride I think.
 
Yes, what happened in Cyprus is unfortunate but we can not let small nations have out of control banking sectors and destroy the whole system eg during credit crisis we had ( US) our banks at threat and we were able to bail them out, even Goliath ( compared to Cyprus and other small banking nations), Switzerland needed NY Fed to prevent a banking collapse. Morale of the story banking sector needs a lot more scrutiny and universal banking regulations. Bottom line we can't TRADE without banks.
 
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