Cypriot Austerity Measures

[Judgeneo]

Sense at last from the powers that be


http://www.zerohedge.com/news/2013-...no-future-under-troika-calls-iceland-solution

There is no other alternative but to free Cyprus from the bonds of the troika and the memorandum, House of Representatives President Yiannakis Omirou has said.

Omirou also expressed his conviction that no Attorney General would dream of not following through with the results of an investigation led by an independent committee to apportion blame on those responsible for bringing the country’s economy and banking sector near collapse.

Omirou talked about the troika demands, which according to him will multiply and will turn Cyprus to a colony of the worst possible type and warned “I would like to send a message to the Cyprus people that there is no other way, there is no alternative apart from freeing (the country) from the troika’s and the memorandum’s bonds”.

He noted that certainly, “this road will demand sacrifices”, adding that “by leaving the troika and the EMS behind us, we will ensure our national independence, our national sovereignty, our moral integrity and our economic independence”.

“If we remain bound by the Troika and the memorandum Cyprus’ destiny is already foretold and there will be no future”, he pointed

 

[Stretch]

Cyprus bailout rises to 23bn euros

So the Cypriot government need to raise another 5bn euros on top of the 7.5 they scraped together last month.

Not a chance.

 

[M1k3H]

Just when you thought things couldn't get any more worse.

Now I am guessing, they will say, okay we'll give you some money, if you sell all your gold (which has been denied two days ago by the President, and we all know what that means), and put your gas as mortgage.

And they will say: "Thank you", and bend over.


They said if the haircut would be more than a figure of 50-60% then yes defaulting is better, but now, they silently pushed for a 60%+ figure, and now that the Eurogroup saw that they can get more, they'll get everything.

And still, they will insist of blaming everybody else than their selves, and say that staying in the Euro is good for us and all the other crap they usually say.

 

[Tbid]

I found this whilst browsing late the other night - http://nextnewsnetwork.com/cpt_news/ceo-of-italys-largest-bank-calls-for-deposit-confiscation/

This is wrong on so so many levels, I can't even begin to imagine what would happen if this was put into action!

 

[Iraklis F.C.]

I found this whilst browsing late the other night - http://nextnewsnetwork.com/cpt_news/ceo-of-italys-largest-bank-calls-for-deposit-confiscation/

This is wrong on so so many levels, I can't even begin to imagine what would happen if this was put into action!

it might, you never know...brilliant ides like this spread fast

 

[Judgeneo]

I found this whilst browsing late the other night - http://nextnewsnetwork.com/cpt_news/ceo-of-italys-largest-bank-calls-for-deposit-confiscation/

This is wrong on so so many levels, I can't even begin to imagine what would happen if this was put into action!

Astounding....

 

[Nate--IRL--]

This might seem like comedy.... But that Italian only reinforces the concept that monkey's are are at the helm.

Nate

 

[Kutter]

I found this whilst browsing late the other night - http://nextnewsnetwork.com/cpt_news/ceo-of-italys-largest-bank-calls-for-deposit-confiscation/

This is wrong on so so many levels, I can't even begin to imagine what would happen if this was put into action!

Who the **** do they think they are?

 

[Freakbro]

Who the **** do they think they are?

The people holding your money

 

[GAC]

wonder if that has hit any mainstream media in italy, and if it has how much moneys left the country's banking system.