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I bet they wish they had put their
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Porkie_Pie | Report | 17 Mar 2013 12:24 |
Perspective has nothing to do with it, |
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PatinCyprus | Report | 17 Mar 2013 12:36 |
Vague rumours of problems and knowledge that the Germans were against giving money to the banks here. Cyprus is always alive with all sorts of rumours, last summer it was we were being poisoned in a Western Government plot by the vapour trails of the planes that cross high over the country. No comment. |
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PatinCyprus | Report | 17 Mar 2013 12:50 |
John it's no good doing a run on a bank, from the moment the agreement went through that money to be taxed was blocked and you can't withdraw it. As I wrote before fait accompli Friday evening / early Saturday morning. |
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Muffyxx | Report | 18 Mar 2013 13:00 |
I don't know if anyone else is following this closely on here...but as time goes on this whole situation is making me feel more and more uncomfortable. Whatever the circumstances it HAS to be illegal to make money grabs like this and I'm truly concerned that if this is allowed to happen it's crossing a HUGE red line...... |
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GinN | Report | 18 Mar 2013 13:39 |
It does worry you. I am soon to receive a substantial legacy, for which I feel very fortunate .It will be under the inheritance tax level, but makes me wonder how best to deal with it. Investments give very little interest, and the way things are in the world at the moment, the mattress seems very tempting! I'd rather spend it on travelling , my family, and good causes rather than give a penny to bail out ailing economies! :-| |
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Merlin | Report | 18 Mar 2013 13:52 |
Its setting a very dangerous Precedent,if Cyprus gets away with it whats to stop other Euro Countries from doing it? I gather it was forced upon the Cypriot Government by Germany who refused to give any more cash unless this was instigated. The Fuhrer would be pleased,they lost 2 World Wars but are winning the Financial one. :-| |
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Muffyxx | Report | 18 Mar 2013 15:21 |
Just read on a blog that the banks in Cyprus are staying closed until Thursday? So that'll be nearly a week where people are unable to access THEIR OWN MONEY. That's just disgraceful. |
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PollyinBrum | Report | 18 Mar 2013 16:07 |
Pat thank you for keeping us in the picture, sometimes it is difficult to get the true perspective from media reporting. It may sound very simplistic but it was the Banks who created these problems in the first place. Taking it directly from personal accounts without their permission, that just sounds llike stealing to me. |
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PatinCyprus | Report | 18 Mar 2013 16:55 |
Why do you think as the banks are closed people can't access their money? Card transaction are going through and ATMs are working. The ATMs only stopped because of the run on them that emptied them. Staff went in on their holiday to refill them this morning. |
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Muffyxx | Report | 18 Mar 2013 17:05 |
Possibly thought it Pat because that's what our papers are still reporting re the ATMs..but thank you for putting me straight on that point...... can only go on what's being reported by our useless press sadly so appreciate the insights. |
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PatinCyprus | Report | 18 Mar 2013 17:24 |
The media always work on the dramatic and so only give part of the story. |
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ChrisofWessex | Report | 18 Mar 2013 17:35 |
Well Geordie - try Premium Bonds - safe and you may win. |
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GinN | Report | 18 Mar 2013 20:06 |
Got some, thanks, Chris. Do occaisionally have a small win! :-) |
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BrianW | Report | 18 Mar 2013 23:02 |
To impose an tax on monetary assets only is immoral and unfair. |
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