AND, while we’re at it, since you are too stupid even to read a freaking newspaper, NO BODY lost a penny. They just have to leave their money in the system. There were NO writedowns, but deposits were turned into assets with a longer maturity.
What if one didn’t want their assets turned into something with a “longer maturity”. When in the hell did a cash deposit turn into an “asset” for a bank? Deposits are liabilities, moron.
Why don’t you calm down?
I mean, what’s it to you? You work for the ECB or something?
Threatening haircuts causes capital flight as much as actually doing it, especially when it was stopped at the 11th hour.
Switch to decaf.
Wow, that is some style of argumentation.
Calling someone stupid? Really.
Would you address Mr. Shadow44 like that, say, over a dinner amongst your families?
I hope not.
Usually, the person who resorts to childish name calling does so when they have lost an argument and have nothing intelligent to say.
If people do not have access to their money, it is lost. The minute those banks open - which is again delayed - for the second week now, there will be a run. Anyone who is not brain dead will get their money out of Cyprus banks.
Cyprus lost any hope of a financial services industry. LOL! Moronic Eurotwits!
There were NO writedowns, but deposits were turned into assets with a longer maturity.
A deposit with a "longer maturity" is not a deposit. Epic fail!