In terms of availability...
in Cyprus
=
in America.
bttt
Soon coming to a bank near you!
You cannot save an institution where people save their money by stealing it.
If I were a criminal in Cyprus I would be sure to follow some of the withdrawals home , and be looking under their mattresses the first chance I got.
But it will. The money which the Banksters and their Government allies made vanish won't be there to loan, make payrolls or invest in new technology.
Much like the money our own Banksters made vanish overnight in September 2008.
Whoa, didn’t see that coming......
Can’t believe it’s not happening in Spain too. They’ll wait until it’s too late.
I see a huge opportunity for someone selling home safes and strongboxes.
At the current exchange rate £85,000 is a little less than $110,000 US.
Take away 40% and you're left with $66,000.
Does anyone here doubt that Obama and the democrats would do the same thing if (when) they feel they can get away with it?
And when they do it they will have help from some RINOs too.
Napolitano didn't buy 1.2 billion rounds of ammunition to keep land grabbing French Canadians out of Detroit.
But while tensions ran high initially, the atmosphere was largely calm, with some customers saying they wanted to support their country by not rushing to take all their savings out.
Some British politician said that it was foolish to start a bank run, but even more foolish, once it started, not to participate.
Those patriotic people above will regret their decision in a few days/weeks. .
This is the first “negative” article I’ve seen about the banks re-opening. Most portrayed the people of Cyprus to be happy and understanding - with many deciding to leave their money in the bank “for the good of the country.” This was nothing but pure propaganda. Since everyone is limited to taking out just a few hundred euros a day, why stand in line at a bank? You just have to go to a bank machine.
BTW, how many people have read that the head of the Cyprus Central Bank and the former President were Communists? If you want to know why the country, you need to see who was running the show.
Citizens of Cyprus fear if the government controls how much of their own money they can have that it’s not their money anymore...
Their fears are well grounded.
At some point the goverment will probably print paper script that expires monthly to avoid hoarding of cash outside of a bank.
Wow 40 percent of their cash.
I know this may not sound conservative, but the people of Cyprus, like in many Euroweanie Countries deserve to have their savings confiscated. They demand that the government provide for them from craddle to grave and then do eveything they can to avoid the taxes that are necessary to support the services that they demand. Stupid is as stupid does.
what did anyone expect?
What is the spot price of gold in Cyprus?
For many, Cyprus was a tax shelter, while it lasted. So what’s happening with Italian bonds these days? Will bond investors take haircuts there soon?
sarah is misinformed. There is no chaos. Cyprus is calm