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Bailout approved! - The Cyprus Situation Room
03-19-2013, 04:00 PM #46
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,268 Threads:1,438 Joined:Feb 2011
damned.gif Oh shït.

wonder.gif
03-19-2013, 04:51 PM #47
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
Quote: A number of members of Cyprus's parliament have told CNBC that the legislation to tax bank deposits is unlikely to pass, a move that could potentially put the country into default.

Parliament is due to convene at 4 p.m. London time and several parties have said they will reject the levy. No single party has a majority in the 56-member chamber to push through the vote.

http://www.cnbc.com/id/100565902

pop2.gif
03-19-2013, 07:52 PM #48
DaJavoo If looks could kilt
Posts:1,850 Threads:45 Joined:Mar 2011
Wars have been fought over for much less...
03-19-2013, 07:58 PM #49
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,268 Threads:1,438 Joined:Feb 2011
The exact same thing I said to Octo earlier Daj.

wonder.gif
03-19-2013, 07:59 PM #50
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
Cyprus Parliament Takes Up Debate on Bank Levy; Finance Minister Offers to Resign, Resignation Not Yet Accepted: Source

http://www.cnbc.com/id/100564863
03-19-2013, 10:15 PM #51
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
Cyprus's Parliament Rejects a Tax on Bank Deposits

Quote:Cyprus's parliament overwhelmingly rejected a tax on bank deposits as a condition of an international bailout.

Thirty-six members of the 56-seat parliament voted against the measure, while 19 abstained. Parliament will resume their deliberations on Thursday.

Meanwhile a government source told CNBC that the country's finance minister Michael Sarris had tendered his resignation. The source said his resignation had not been accepted by Cyprus's president.

http://www.cnbc.com/id/100565902
03-19-2013, 10:19 PM #52
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
19.11 So should we panic, stuff more money under the mattress and run for the hills? Not yet, writes Kathleen Brooks at Forex.com:

Quote All is not lost, there are a few last ditch attempts that could pull the island-nation back from the brink of bankruptcy:

1. The EU could re-negotiate a bailout with less onerous terms, which would then stand a better chance of being passed by the Cypriot government. The bank levy would have to be dropped, however it was only ever going to raise EUR 5 billion, small potatoes in Eurozone bailout terms…

2, The Cypriot finance minister has travelled to Russia (amid rumours of his resignation, since denied) accompanied by the country’s energy minister. This could be to strike a deal with Moscow to receive cash in return for Russian access to Cypriot gas reserves. Apparently, Russian gas giant Rosneft has even declared its interest in funding Cyprus in return for licences to its gas fields.

While Russian money could help Cyprus to avoid bankruptcy, it could be the nail in the coffin for Nicosia’s relationship with the rest of the EU. The next few days are unchartered territory for the currency bloc – a potential bailout funded by a foreign country, especially Russia, throws the whole currency bloc into jeopardy. What next – Brazil bails out Spain, New York chips in to save Italy?

http://www.telegraph.co.uk/finance/debt-...-live.html

Stock up on beer and popcorn folks
03-19-2013, 11:28 PM #53
DaJavoo If looks could kilt
Posts:1,850 Threads:45 Joined:Mar 2011
>> stock up on beer and popcorn >>

Without a doubt. The Global Game of Three Card Monty is about to get busted.
03-20-2013, 01:56 AM #54
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Rumors new Zealand may try this

http://www.thedailybell.com/28847/Now-Ne...fiscations

Perhaps they want to try and grab the savings before people wise up and take their money out before their gov thinks it's a good idea. Be a helluva way to bring down the world economy rofl.gif
03-20-2013, 03:49 AM #55
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Been mulling this around all day and came up with a few points, feel free to question.

Cyprus has LNG lots of it. They are also to Russia what Switzerland is to the US.

Cyprus bailout is a measly $10b wtf2.gif chump change to the IMF so why the threats to take personal savings? Greece cost $400b and is worse than ever, Italy, an anticipated $1 trillion. $10 billion? Fer real?

So who gets what.

Russia gets control of Cyprus banks, direct development of LNG fields, and a W Med port to match their E one in Syria (Tartus?) Oh and a deadlock on another important EU LNG supplier.

The IMF get 20 - 30% of the Russian Oligarch deposits in Cyprus (estimated at $5 trillion)

Cyprus gets Corzined for $10 billion. Now. Who's next fatman.gif
03-20-2013, 04:06 AM #56
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Thu Jan 31, 2013

As Cyprus seeks an international financial bailout as part of Europe's debt crisis, natural gas is its trump card.

The value of the 7 tcf reported by Noble alone amounts to $80 billion at present prices, and the potential profit overall ultimately could dwarf Cyprus's 17.5 billion euro economy.

http://uk.reuters.com/article/2013/01/31...EH20130131

13.gif Did Russia just buy Cyprus from the EU/IMF? That is not a happy thought.
03-20-2013, 04:13 AM #57
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,268 Threads:1,438 Joined:Feb 2011
Like a series of little wars amongst the elite. coffeetime.gif

wonder.gif
03-20-2013, 04:20 AM #58
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(03-20-2013, 04:13 AM)JayRodney Wrote:  Like a series of little wars amongst the elite. coffeetime.gif


hej JR hug.gif

I think it's called insider trading beerbong.gif
03-20-2013, 10:42 AM #59
オタマジャクシ Member
Posts:1,310 Threads:32 Joined:Nov 2012
http://www.euronews.com/2013/03/20/euroz...bank-levy/

This is actually stale Euro Doom - the Levy didn't pass.

Please add some fresh Doom.
03-20-2013, 12:46 PM #60
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,268 Threads:1,438 Joined:Feb 2011
Guess I'll have to unpin this thread and wait fer reel doom!

wonder.gif



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