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Cyprus promotes a saver mentality

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  • #61
    Try €100,000.
    One day Canada will rule the world, and then we'll all be sorry.

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    • #62
      From what I read the Germans demanded that a portion of the funds needed for the bailout come from depositors. Everyone in the room wanted them to take it from deposits in excess of 100K. The Cypriots insisted on a limit of ~10% on the high vaue accounts to 'protect the model' of their banks. That meant that the average citizen is getting dinged to make up the amount demanded by the Germans.
      (\__/)
      (='.'=)
      (")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.

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      • #63
        New Zealnd's banks are also in trouble and reportedly at least one political party there, the Greens, is considering "a Cyprus style solution". This won't end well.

        Risk to savings if bank fails - Business News - NZ Herald
        http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10872361
        Kiwis with money in the bank could see their nest eggs and savings dwindle in a government move the Greens say is a "Cyprus-style solution" to help out failing banks.
        Try http://wordforge.net/index.php for discussion and debate.

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        • #64
          Cyprus' parliament voted down the 'tax'. Most government members abstained.
          There's nothing wrong with the dream, my friend, the problem lies with the dreamer.

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          • #65
            Originally posted by Dinner View Post
            New Zealnd's banks are also in trouble and reportedly at least one political party there, the Greens, is considering "a Cyprus style solution". This won't end well.

            http://www.nzherald.co.nz/business/n...ectid=10872361
            The greens are idiots, same everywhere. NZ money is worthless anyway.
            Any views I may express here are personal and certainly do not in any way reflect the views of my employer. Tis the rising of the moon..

            Look, I just don't anymore, okay?

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            • #66
              Originally posted by Dinner View Post
              New Zealnd's banks are also in trouble and reportedly at least one political party there, the Greens, is considering "a Cyprus style solution". This won't end well.

              http://www.nzherald.co.nz/business/n...ectid=10872361
              Umm - actually, the "Cyprus" style solution is what is on the books right now and the Greens are against it.....
              “It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”

              ― C.S. Lewis, The Abolition of Man​

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              • #67
                Originally posted by Uncle Sparky View Post
                Cyprus' parliament voted down the 'tax'. Most government members abstained.
                Bad for Cyprus...good for most EU citizens.
                "I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003

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