Unbelievable ! The nerve of the Troika ! The arrogance !
According to an article by Mark Lowen on the B.B.C. site today, the Bank Of Cyprus big depositers ( those with more 100.000 euros or more) could lose up to 60% of their savings, as part of an EU-IMF bailout restructuring move.All those mutterings about 10% to 35% were downright lies, but what do you expect from bank robbers? Dishonesty is a way of life for such types.
But that is not all. The following capital deals also apply in Cyprus.
1.Daily withdrawals limited to 300euros.
2.Cashing of cheques banned.
3.Those travelling abroad can take no more than 1000 euros out of the country.
4.Payments and or/ transfers outside Cyprus via debit and or credit cards permitted up to 5000 euros a month.
5,Businesses able to carry out transactions up to 5,000 euros a day.
6,Special committee to review commercial transactions between 5,000 and 200,000 euros, and approve all those over 200,000 euros on a case by case basis.
7 No termination of fixed-term deposit accounts before maturity.
It should be interesting in a Chinese sort of way, to see how the ones who are being mugged and robbed, are going to react;I don't think that they will take this lying down, but then again, maybe they'll just say," What can we do " as that is the expression I keep hearing in Greece. Some people have given up.
John Adams certainly got it right when he wrote the following:
"There are two ways to conquer a nation.One is by the sword.The other is by debt."
According to an article by Mark Lowen on the B.B.C. site today, the Bank Of Cyprus big depositers ( those with more 100.000 euros or more) could lose up to 60% of their savings, as part of an EU-IMF bailout restructuring move.All those mutterings about 10% to 35% were downright lies, but what do you expect from bank robbers? Dishonesty is a way of life for such types.
But that is not all. The following capital deals also apply in Cyprus.
1.Daily withdrawals limited to 300euros.
2.Cashing of cheques banned.
3.Those travelling abroad can take no more than 1000 euros out of the country.
4.Payments and or/ transfers outside Cyprus via debit and or credit cards permitted up to 5000 euros a month.
5,Businesses able to carry out transactions up to 5,000 euros a day.
6,Special committee to review commercial transactions between 5,000 and 200,000 euros, and approve all those over 200,000 euros on a case by case basis.
7 No termination of fixed-term deposit accounts before maturity.
It should be interesting in a Chinese sort of way, to see how the ones who are being mugged and robbed, are going to react;I don't think that they will take this lying down, but then again, maybe they'll just say," What can we do " as that is the expression I keep hearing in Greece. Some people have given up.
John Adams certainly got it right when he wrote the following:
"There are two ways to conquer a nation.One is by the sword.The other is by debt."
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