The Cyprus banks that have transfixed...

The Cyprus banks that have transfixed the world

There are 85 comments on the EKathimerini story from Mar 23, 2013, titled The Cyprus banks that have transfixed the world. In it, EKathimerini reports that:

All eyes in global banking have been fixated on Cyprus's two largest banks for the last week, as their near collapse, and the dramatic steps taken to avoid it, threaten the cornerstones of banking and the EU's single currency.

Join the discussion below, or Read more at EKathimerini.

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James

Port Saint Lucie, FL

#1 Mar 23, 2013
The British government have sent a plane load of advisors to help the Cypriots with advice. Well you know Cyprus is totally f...d if they are taking advice from the British. An island in decline, with massive debts of its own, widespread poverty, corrupt politicians etc. and bankers who are rewarding themselves millions with taxpayer money. I would have thought that the Cypriots would be better getting advice from Germany, Russia, the USA, but the UK? If there is one place in Europe where the politician and bankers are trusted less than Cyprus, it is probably the UK.
tkkl99

London, UK

#2 Mar 23, 2013
rio

London, UK

#3 Mar 23, 2013
James wrote:
The British government have sent a plane load of advisors to help the Cypriots with advice. Well you know Cyprus is totally f...d if they are taking advice from the British. An island in decline, with massive debts of its own, widespread poverty, corrupt politicians etc. and bankers who are rewarding themselves millions with taxpayer money. I would have thought that the Cypriots would be better getting advice from Germany, Russia, the USA, but the UK? If there is one place in Europe where the politician and bankers are trusted less than Cyprus, it is probably the UK.
Oh yeah, the world needs US bankers to get them out of financial crisis, surely.

It's US Fannie Mae and Freddie Mac that started the worldwide economic woes with their sunprime mortgages, so surely Cyprus need the advice of US bankers to get themselves out of trouble.

I wonder why no one had thought of that before!

America is famous to start world wide recession (who can forget the 1929 Wall Street crash?), so the advice of their bankers is best avoided!
maurice greenberg

Wong Tai Sin, Hong Kong

#4 Mar 23, 2013
consider cyprus a foreskintaste of advanced jewish warfare which is waged in the money economie realm where high k;kery have corraled most of the world into..cattles for izzy slaughter,,but have no illusion killer zombie riot cops aided by jew merc blackwater backed up with killer drone will not be fielded when its call for but the money slaves have been domestikiked enuf sitting targets,,,the root of all evil is not money per say twisted quote to hide the real culprit which is for present purpose rothschild funny money,,,middle east arab spring genocide resource grab are jew safari wide game hunting to use animal analogy to tame the landscape for jew money debt world order but as soon as they become comfortable venue for starbucks infestation the populace is half gone and the jews revert to what they know best which always is the money currency scam manipulation whcih they execute from the comfort of their pawnshop boardrooms which are alomst always the biggest buildings in any jew infest towns
CYPRUS BANK ROBBERY

London, UK

#5 Mar 24, 2013
The Great Cyprus Bank Robbery

http://www.opednews.com/articles/The-Great-Cy...

Since: Apr 11

Location hidden

#7 Mar 24, 2013
The nazis in germany even stole the gold teeth out of jews mouths.

Now they steal your cash from your bank account, those bastards don't change.

SWG

Since: Feb 10

Houston, Texas

#8 Mar 24, 2013
Dimitri100 wrote:
The nazis in germany even stole the gold teeth out of jews mouths.
Now they steal your cash from your bank account, those bastards don't change.

You makeup this crap as you go or is someone writing it for you? Where does it say that Germany is taking their money? They are all part of the EU. Not saying it's right or wrong but they joined up so there it is. They have to be accountable for what they do or don't. Why should the strong simply support the weak ALL the time? Sooner or later the weak have to carry their own load or cut back on what they can't afford. Greece is a PRIME example.

Since: Apr 11

Location hidden

#9 Mar 24, 2013
Shut up Sticks/SWG you idiot jackass,

helping yourself to someone's money, without their consent is a crime, it's robbery, it's a disgrace,

regardless of the excuses.

SWG

Since: Feb 10

Houston, Texas

#10 Mar 24, 2013
Dimitri100 wrote:
Shut up Sticks/SWG you idiot jackass,
helping yourself to someone's money, without their consent is a crime, it's robbery, it's a disgrace,
regardless of the excuses.
Dimitri.....They owe the money!!! How is the EU suppose to collect its debts otherwise if the government is not able and/or unwilling to pay them and is hiding the money in other countries? It's a crap deal, yes but what else are they suppose to do? No one twisted their arm to join and they happily took the loans. Now it is time to make a payment and they won't. What happens if you don't pay your gas or electric bills? They give you time, yes. but eventually you have to pay something. How is this different?
Agamemnon

London, UK

#11 Mar 24, 2013
SWG wrote:
<quoted text>
You makeup this crap as you go or is someone writing it for you? Where does it say that Germany is taking their money? They are all part of the EU. Not saying it's right or wrong but they joined up so there it is. They have to be accountable for what they do or don't. Why should the strong simply support the weak ALL the time? Sooner or later the weak have to carry their own load or cut back on what they can't afford. Greece is a PRIME example.
His is not the only one writing crap though is he?

What is your definition of a strong country? one that has 70-80mil population big industry and technology?

So Cyprus's mistake was to be a small nation reliant ion tourism and off-shore banking instead of building high quality cars.

The single currency pre-supposes a single economy based on countries with equal ability
Germany has also a choice. Say I don't want to bailout any more countries and let the euro go to the bottomless pit it belongs.

Then the Germans won't have to put up with us anymore.
greek

Bloomington, IN

#12 Mar 24, 2013
Dimitri100 wrote:
The nazis in germany even stole the gold teeth out of jews mouths.
Now they steal your cash from your bank account, those bastards don't change.
The Turkish Army did the same, Digging up Christian Cemeteries 1974.What's the difference?

SWG

Since: Feb 10

Houston, Texas

#13 Mar 24, 2013
Agamemnon wrote:
<quoted text>
His is not the only one writing crap though is he?
What is your definition of a strong country? one that has 70-80mil population big industry and technology?
So Cyprus's mistake was to be a small nation reliant ion tourism and off-shore banking instead of building high quality cars.
The single currency pre-supposes a single economy based on countries with equal ability
Germany has also a choice. Say I don't want to bailout any more countries and let the euro go to the bottomless pit it belongs.
Then the Germans won't have to put up with us anymore.
How, if that is what you are inferring, am I writing crap? I personally, as one who has no stake in the EU, have always thought the entire idea is ridiculous. How can you have a single continental currency without a single nations GDP in control of it? Take everyone in the EU and say they are all the same? Won't work. Never would. It gives the strong countries all the power and limits the smaller countries from prospering on its very face. If the EU wanted, to basically exist, as one giant country some basic mistakes were made. Common rules that would have to apply to ALL countries of the union such as healthcare, retirement and unemployment. They did none of these things. Which in the end meant that all the individual countries set their own. Not a feasible solution. All this in-turn amounts to one thing for there to even be an EU. ONE government for the entire continent. NOT GOING TO HAPPEN. Never would never can happen. Too many cultures and too much bad blood over the centuries. I can't blame them. If I were french I wouldn't want someone in Berlin telling me what I can and can't do or have. And vice-verse. If they wanted to establish free trade zones and easy access for workers to come from different countries to work that all could have been done without doing what they have now. A MESS!

Since: Apr 11

Location hidden

#14 Mar 24, 2013
SWG wrote:
<quoted text>
Dimitri.....They owe the money!!! How is the EU suppose to collect its debts otherwise if the government is not able and/or unwilling to pay them and is hiding the money in other countries? It's a crap deal, yes but what else are they suppose to do? No one twisted their arm to join and they happily took the loans. Now it is time to make a payment and they won't. What happens if you don't pay your gas or electric bills? They give you time, yes. but eventually you have to pay something. How is this different?
.

Look, the people don't owe the money,

the banks owe the money and the goverment is guilty of bad practices, complicit wrong doing, mistakes and lack of judgement.

why should you pay, for your government and bankers wrong doing???

come on Sticks, where's your sense of justice???

SWG

Since: Feb 10

Houston, Texas

#15 Mar 24, 2013
Dimitri100 wrote:
<quoted text>.
Look, the people don't owe the money,
the banks owe the money and the goverment is guilty of bad practices, complicit wrong doing, mistakes and lack of judgement.
why should you pay, for your government and bankers wrong doing???
come on Sticks, where's your sense of justice???
First off, I'm not Sticks no matter how much you want me to be. We are two VERY different people. As far as the people go I'm on their side and it is wrong! The government DID not use good judgement. Probably most should be in jail or worse. As you like to point out often, my own country has and still does have financial problems. In the end who do you think that it is who pays for it? I and millions like me pay for it. Do you REALLY think that me as an individual and a business owner would do the same things as my elected officials would do? Be honest with yourself. Would you? I doubt it. The problem is that people who run governments, ANY government, are not businessmen. Many have never worked for a living so they have no concept of even what a budget is! A good business model is..."if you don't have it, don't spend it". Has worked for me for years. The problem of responsibility lies in the fact that ME and all others, for the most part, vote and elect people to run our countries. The bigger problem is accountability and the means to REMOVE someone from office that is not doing their job as the people wanted and/or believed they would. This is not just an American problem. This is a world problem. Too many times people say ANYTHING to get in. Once in they do as they want no matter what the people want.

Since: May 08

Kiev-Moscow-St.Peterburg

#16 Mar 24, 2013
James wrote:
The British government have sent a plane load of advisors to help the Cypriots with advice. Well you know Cyprus is totally f...d if they are taking advice from the British. An island in decline, with massive debts of its own, widespread poverty, corrupt politicians etc. and bankers who are rewarding themselves millions with taxpayer money. I would have thought that the Cypriots would be better getting advice from Germany, Russia, the USA, but the UK? If there is one place in Europe where the politician and bankers are trusted less than Cyprus, it is probably the UK.
As far I understand EU is ruled by Bolsheviks. You give them money and can't return!!

Hey Europeans, how do you going to live? EU is a house of cards.

China is the most perspective partner for Russia.
Agamemnon

Newcastle Upon Tyne, UK

#17 Mar 24, 2013
SWG wrote:
<quoted text>
How, if that is what you are inferring, am I writing crap? I personally, as one who has no stake in the EU, have always thought the entire idea is ridiculous. How can you have a single continental currency without a single nations GDP in control of it? Take everyone in the EU and say they are all the same? Won't work. Never would. It gives the strong countries all the power and limits the smaller countries from prospering on its very face. If the EU wanted, to basically exist, as one giant country some basic mistakes were made. Common rules that would have to apply to ALL countries of the union such as healthcare, retirement and unemployment. They did none of these things. Which in the end meant that all the individual countries set their own. Not a feasible solution. All this in-turn amounts to one thing for there to even be an EU. ONE government for the entire continent. NOT GOING TO HAPPEN. Never would never can happen. Too many cultures and too much bad blood over the centuries. I can't blame them. If I were french I wouldn't want someone in Berlin telling me what I can and can't do or have. And vice-verse. If they wanted to establish free trade zones and easy access for workers to come from different countries to work that all could have been done without doing what they have now. A MESS!
Sorry, I was not meaning you personally wrote crap I was implying that many things are being said obout all Cypriots by others which were equally insulting. I should have made that clearer.

I do not disagree with the body of your text. The issue is though that it is one big super-state that eventually they want to establish.
This is not what the majority citezens of the respective countries signed up for.
Where countries like Greece have gone wrong is that they took advantage of the euro and borrowed as though they were Germany.
The solution that has been applied for the last 5 years has done nothing more than impoverish Greece even further, making them even more reliant on bailouts, and more importantly dependant on countries like Germany.
The question I ask myself is could this not have been foreseen by the eurocrats and more importantly is the ultimate aim to make countries unable to leave the euro.

SWG

Since: Feb 10

Houston, Texas

#18 Mar 24, 2013
Agamemnon wrote:
<quoted text>
Sorry, I was not meaning you personally wrote crap I was implying that many things are being said obout all Cypriots by others which were equally insulting. I should have made that clearer.
I do not disagree with the body of your text. The issue is though that it is one big super-state that eventually they want to establish.
This is not what the majority citezens of the respective countries signed up for.
Where countries like Greece have gone wrong is that they took advantage of the euro and borrowed as though they were Germany.
The solution that has been applied for the last 5 years has done nothing more than impoverish Greece even further, making them even more reliant on bailouts, and more importantly dependant on countries like Germany.
The question I ask myself is could this not have been foreseen by the eurocrats and more importantly is the ultimate aim to make countries unable to leave the euro.
No harm, no foul. I came back at you a bit strong myself. Is not a way to solve problems in the end. I think we agree, in principle, that the thought of the EU was misconceived at best. The last part of your text I don't really have a good answer for. I personally think that the men in power at the time were NOT thinking and rushed to judgement to proceed with their plan even though they didn't work out the details. Typical politicians. Put a action in place without getting everything done as to not have egg on their face that they don't know it all. In reality the people of Europe would have been willing to wait if they knew what was coming would have been fair to all around. Just an opinion of mine.
Pilsudsky is Polish kurwa

Podolsk, Russia

#19 Mar 24, 2013
The banking of syprus is dead.
No matter how this story will end, depositors will take their money from the banks of Syprus when it will be possible. And no new client will deposite his money to them.

SWG

Since: Feb 10

Houston, Texas

#20 Mar 24, 2013
Pilsudsky is Polish kurwa wrote:
The banking of syprus is dead.
No matter how this story will end, depositors will take their money from the banks of Syprus when it will be possible. And no new client will deposite his money to them.
Would you? I wouldn't. Is logical, right or wrong as to how it came to be. The government didn't protect the peoples money. The people in government "SHOULD" be held accountable for it.
Pilsudsky is Polish kurwa

Podolsk, Russia

#22 Mar 24, 2013
SWG wrote:
<quoted text>Would you? I wouldn't. Is logical, right or wrong as to how it came to be. The government didn't protect the peoples money. The people in government "SHOULD" be held accountable for it.
This is expropriation of Bolshevic style.
The fact that it was suggested by European commission it makes all the banking system of EU unreliable. The question is which country will be the next.

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