Cyprus parliament rejects haircut bill

ekathimerini.com ^ | March 19, 2013 | Staff

[abb]

This just in.

[Wyatt's Torch]

Good for them. But this just highlights the fatal flaw of the EU monetary union. It cannot survive.

[abb]

http://www.usnews.com/news/world/articles/2013/03/19/cypriot-officials-revising-bailout-plan
Cypriot lawmakers reject deposit seizure bill

http://www.incyprus.com.cy/en-gb/Top-Stories-News/4342/33684/haircut-rejected
Haircut rejected

[dfwgator]

Thousands of protesters lined the streets leading to the parliament building in Nicosia, many of them waving Russian flags, an AFP reporter said.

It's all falling into place for Cyprus to become a Russian satellite.

[MrB]

Ask a leftist

So... do you think the government would be more or less likely to try this here if they confiscated all firearms first?

[Tea Party Terrorist]

As opposed to being a German one.

It’s strange being on the side of the former Warsaw Pact vs Nato in the coming proxy war.

[AnAmericanAbroad]

Things will now get interesting. If the Russians don't come through, Cyprus is genuinely screwed. Their banks will reopen Thursday (ŧhere is news now suggesting that they may not-the "bank holiday" may be extended) at 0900 and very likely close for good at 0920. The two biggest banks, Laika Bank and Bank of Cyprus, are insolvent, and the Cypriot government can't absorb the collapse of those two. We'll likely see a systemic banking failure, in Southern Cyprus at least.

[dfwgator]

I believe it’s all been organized by the Russians over the past few years with one goal in mind...to build a Navy in Cyprus.

[dfwgator]

s/b to build a Navy base in Cyprus.

[Track9]

Talk about jumping out of the pan and into the fire..

[InterceptPoint]

Good.

But, just for the record, who was going to receive the stolen funds?

Possible answers: The Banks, The Government. FreeRepublic.com

[dfwgator]

The thing is, it wouldn’t be like before. I think the Russians would actually be an improvement.

And don’t think the Russians don’t have ultimate motives for their Orthodox brethren in Greece.

[Tea Party Terrorist]

That’s an interesting thought, although I doubt the Russians forced the Germans to demand a % of deposits.

The whole Euro is a scam propped up by Germany so they can keep their export markets viable.

[GeronL]

does the gov’t have to resign?

[dfwgator]

I think they knew there would be some kind of fiscal crisis, that would allow them to swoop in and play the role of “savior”........for a price, of course.

They are playing Chess, while everyone else is playing Checkers.

[SevenofNine]

Don’t forget what Cyrus was part of Russia empire at one time under Tsar rule I THINK SO

[dfwgator]

Also considering that their only Mediterranean base in Syria is in some jeopardy, they are pretty anxious to find another location.

[Track9]

It makes a kind of sense for the bankrupt southern EU countries to cash in their euros before they’re worthless. I can also imagine local Cypriots desiring some of Putin’s anti-muslim policies.

[aegiscg47]

"s/b to build a Navy base in Cyprus."

This seems to be a popular viewpoint, but what would they base there? At one of the last exercises in the Black Sea most of the ships couldn't even get out of port! I could understand this if they were shipbuilding at a phenomenal rate, trying to make a comeback in the world, etc.,, but their armed forces are but a shadow of their former selves.

[AnAmericanAbroad]

Actually, Cyprus was never under the Russian Empire.

You might be thinking of the Ottoman Empire.