Latest news shows that the Cyprus Parliament is voting to delay the implementation of this:
http://www.reuters.com/article/2013/03/18/us-cyprus-parliament-idUSBRE92G03I20130318 I hope that this can be worked out. I spent 6 months in Cyprus when I was 20 as part of the UN Peacekeeping Brigade. Its an amazing place. I have never been to a place where I could climb up the ruins of a Venetian fortress, turn around and walk 10 feet and walk down a stair built by the Islamic occupiers and end up taking a drink of water from a Byzantine fountain. Then on the way out walk by a set of Roman ruins by an ancient Greek amphitheater. And all of that literally on top of each other. On Mon, Mar 18, 2013 at 8:34 AM, Cameron Childress <[email protected]> wrote: > > On Mon, Mar 18, 2013 at 6:17 AM, Jerry Barnes <[email protected]> wrote: > >> But it seems to have been mandated from powers outside Cyprus." >> >> It was. > > > If this precedent gets set, the long term effects may be worse than the > immediate effects. the potentials include. 1) People in Cyprus will be > reluctant to put any money in savings because now it could randomly and > unexpectedly be taxed. 2) People in all of the EU may become more reluctant > to save any money because now it could randomly be taxed (this was the EU's > idea right?). 3) As soon as an EU country's economy looks weak, there will > be a run on banks "just in case" they decide to resolve the problem by > taking away people's savings. > > This is really dirty stuff. I hope it doesn't happen. > > -Cameron > > ... > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:361938 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
