Ouch. Desperate times... But it seems to have been mandated from powers outside Cyprus.
On 17 March 2013 20:40, Jerry Barnes <[email protected]> wrote: > > This is how you roll. Just tell the citizens to shut up while we take 10% > of your money to bailout the assholes who caused the problem. > > ( > > http://www.reuters.com/article/2013/03/17/us-cyprus-parliament-idUSBRE92G03I20130317 > ) > > In a radical departure from previous aid packages, euro zone finance > ministers want Cyprus savers to forfeit a portion of their deposits in > return for a 10 billion euro ($13 billion) bailout for the island, which > has been financially crippled by its exposure to neighboring Greece. > > The decision, announced on Saturday morning, stunned Cypriots and caused a > run on cash points, most of which were depleted within hours. Electronic > transfers were stopped. > > The source said the discussions had the "blessing" of a troika of lenders > from the European Commission, the IMF and the European Central Bank. > > > > It gets better. A lot of money in Cyprus is British money, particularly > soldiers who are stationed there. The British government has said it will > reimburse its soldiers, meaning the British tax payers is being hit up to > pay for the financial problems of Cyprus. > > ( > > http://www.dailymail.co.uk/news/article-2294971/The-great-EU-bank-robbery-British-taxpayers-bail-victims-outrageous-raid.html > ) > > > UK taxpayers will have to compensate thousands of Britons hit by a shock > raid on bank accounts in Cyprus. > > The debt-stricken island, which is home to around 3,000 British military > personnel and civil servants, is being given an £8.7billion EU rescue > package. > > But in a move condemned as robbery Germany says it will not fund the > emergency deal unless every saver with a deposit account contributes via a > bank tax. > > Account holders will lose 9.9 per cent of all deposits over 100,000 euros > (£85,000), with a 6.75 per cent levy on smaller amounts. > > George Osborne said last night the Treasury will help out military staff > and officials. But it is thought 60,000 other Britons, including holiday > homeowners and expats, will lose out. > > They are thought to have about £1.7billion in Cypruss banks exposing > them to a potential levy of at least £115million or an average of £1,900 > each. In yet another eurozone crisis: > > * Cypriot banks banned online transfers and emptied cashpoints to stop > withdrawals; > > * The levy could be automatically taken from accounts as early as > Wednesday; > > * British tourists were told to ensure they had multiple sources of money; > > * The chief minister of the euro area refused to rule out similar levies > elsewhere; > > * Analysts said the raid could fall foul of the European Convention on > Human Rights; > > * Traders are braced for turbulence on international stock markets today. > > > > Freeze those citizens accounts. Make sure they can't protect their money. > Yeah, I'd could see that being a Human Rights violation. > > > J > > - > > Ninety percent of politicians give the other ten percent a bad reputation. > - Henry Kissinger > > Politicians are people who, when they see light at the end of the tunnel, > go out and buy some more tunnel. - Jo > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:361930 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
