Cyprus- Is this the future if your bank fecks up?

[pompeyfaith]

Re: Cyprus- Is this the future if your bank fecks up?

Abuse of power by Governments and no different really to what goes on here on our shores just look at the Cat Reilly case Won in the appeal court what do they do rush in emergency law to stop any payout which would not be so bad if it was not retrospective but it will be. Abuse of legislative power nothing more nothing less.

[Never-In-Doubt]

Re: Cyprus- Is this the future if your bank fecks up?

The one I really felt sorry for was the man who'd tken a loan out for his daughter's education, had the funds paid into his account, only for the parasites to take their 'levy' out.

He wouldn't be liable. Technically he'd cancel the loan in line with the EU cancellation period (14 days)

Remember they're highlighting the worse case to show how bad it is. Not everything is as black and white as what we're listening to on propaganda tv news

[oldyboy]

Re: Cyprus- Is this the future if your bank fecks up?

The one I really felt sorry for was the man who'd taken a loan out for his daughter's education, had the funds paid into his account, only for the parasites to take their 'levy' out.

[ken100464]

Re: Cyprus- Is this the future if your bank fecks up?

Just dont bank in the banks if the hot place is Cyprus

Nice to see them all pulling their money out.

Would serve the whole establishment right if this little experiment in wealth distribution went T*ts up

[Never-In-Doubt]

Re: Cyprus- Is this the future if your bank fecks up?

Noooo - but this is probs just the start & I just wonder where it will all stop.

Ahhhh time to stash it under the floorboards mate

Or buy a villa somewhere very hot

[MattyA]

Re: Cyprus- Is this the future if your bank fecks up?

Noooo - but this is probs just the start & I just wonder where it will all stop.

[Never-In-Doubt]

Re: Cyprus- Is this the future if your bank fecks up?

Do you bank with them mate?

[MattyA]

Re: Cyprus- Is this the future if your bank fecks up?

We (AAD) bank with Bank of Cyprus

But have sod all cash in the account so not too bad

Tis a worry though - not sure whether I should move mine abroad

[SXGuy]

Re: Cyprus- Is this the future if your bank fecks up?

Just goes to show, the floorboards are still the safest place for your money.

Obviously you cant shove 10 or 20k under the matress, but ill tell you now, i only bank money that i know gets paid out, i never stick anything extra in any account.

Its criminal what they have done, its like a double tax, taxed on their income, taxed on money left in their account.

Well the tax man is not getting any of mine, never has though LOL

[Deepie]

Re: Cyprus- Is this the future if your bank fecks up?

Cypriot bank customers reactions to savings levy

http://www.bbc.co.uk/news/world-europe-21821029

[ken100464]

Re: Cyprus- Is this the future if your bank fecks up?

Thats what people in the know are already saying.

Both those countries are struggling

All you need is savers to get nervous this will apply to them and whooooosh lovely bank run.

Dunno as you say why penalise your own savers. The money launderers will just get the washing machine out again but move the money to some other seriously hidden tax haven.

[MrsD]

Re: Cyprus- Is this the future if your bank fecks up?

I think you can now but it was fast and horrible at the time.

I just can't get over the fact that any government would have the audacity to sign away it's citizen's personal money without even asking, they are asking for trouble. Do you think they would get away with this if Spain or Italy goes?

[Never-In-Doubt]

Re: Cyprus- Is this the future if your bank fecks up?

Here it is --> http://en.m.wikipedia.org/wiki/Unite...Zone_in_Cyprus

[Never-In-Doubt]

Re: Cyprus- Is this the future if your bank fecks up?

When we went to Cyprus years ago we were up the Woolworths tower and wanted to go to Famigousta for the day. Ermm nope. The soldiers at the border made it clear if we went from Cyprus to the North that we'd not get back through.

What a waste. Yet again the Turks are the primary fault.

[ken100464]

Re: Cyprus- Is this the future if your bank fecks up?

Blimey.

This is really topical then.

Its borderline criminal.

i would be seriously seriously peed off if I was a saver. Money launderer or not.

My compound interest rates calculating brain aint the best but a 6% and nearly 10% levy is a few years wiped out.

Feel for the taxpayer too but seems the public just goes on getting shafted for it all.

And yet banks still think million pound bonus still ok. And being a bonus that dont include the day wage.

Barking.