Re: Eurozone will collapse...
 

Ve Haf Vays of making you agree :LOL:


http://www.bbc.co.uk/news/world-europe-21842966

I don't call it blackmail i call it bullying.

http://news.sky.com/story/1066871/cy...ejected-by-mps

Looks like Germany has a competitor

Re: Eurozone will collapse...
 

Sensible choice. I wonder what will happen now. I imagine they will all go back to the table and try and find a compromise or something more drastic.

Re: Eurozone will collapse...
 

Mmm. Cyprus is driven into the hands of a Klingonist regime ...

Re: Eurozone will collapse...
 

They may do but Cyprus can vote no again. It's hard to see them accepting these terms ever as their banking system would be screwed either way. However I don't think the EU will be that concerned if Cyprus simply reject the bailout. None of the other countries seem to be that exposed to Cypriot debt and the worst that can happen, from the EU point of view, is a precedent for exiting the Euro being set.

---------- Post added at 19:21 ---------- Previous post was at 19:17 ----------

Urmm Star Trek...:confused:

Re: Eurozone will collapse...
 

And about time to. :D

Re: Eurozone will collapse...
 

Sorry, it was an extremely oblique reference to a famous, but very, very old edition of New Internationalist, which was published as a series of Star Trek cartoons (called Starve Trek and illustrated by P J Polyp). Quite funny and well worth a read - they have an online archive of it here: http://newint.org/features/1991/04/01/starve-trek/

Re: Eurozone will collapse...
 

I think they would let it, begrudgingly, happen. They don't want a precedent to be set but equally Cyprus is not going to bring down the Eurozone if they leave or go bust. Germany would want them to say but political pressure not to be seen to be caving in and simply giving Cyprus the bailout, i.e Germans money, would stop them from making a generous offer.

Either Cyprus accept a revised bailout (most likely)
Germany give them a bailout with no strings attached (unlikely)
Cyprus get money from Russia (dunno)
Cyprus leave Euro (dunno)

I think Cyprus' position at the table is weaker than any of the other bailouts thus far to be honest.

Re: Eurozone will collapse...
 

I think this will move very quickly and by tomorrow night Cyprus will have lots and lots of Ruble's to play with :)

Re: Eurozone will collapse...
 

Whatever happens tomorrow in Cyprus i think faith in banks and governments has taken a severe blow ,simply knowing that a government was prepared to do this is scary and knowing a bank was willing to go along with it without putting up a fight on behalf of it's customers is even scarier

Re: Eurozone will collapse...
 

Yep, Paul Krugman (economist) is supposed to have observed, it was as if the EU erected a great big sign saying "time to stage a run on your bank".

Goodness only knows how long they're going to try to keep the banks closed in Cyprus, but I wouldn't want to be a bank manager when they do finally open.

Re: Eurozone will collapse...
 

Indeed ,

Jeremy Vine was discussing this today and a fireman listener sent a text in saying that if we are all going to put our money under the mattress we should be aware that it is a serious fire hazard as money is very combustible .......... ,i believe he was serious as well :D

Re: Eurozone will collapse...
 

I feel the new currency in Cyprus will be the Ruble :LOL:

Re: Eurozone will collapse...
 

Might be time to go for gold ...

http://www.bullionbypost.co.uk/gold-bars/

Re: Eurozone will collapse...
 

the fake fifties burn really well ........just what i heard ......honest :angel:

Re: Eurozone will collapse...
 

Put the money in American banks! They're on the up and they would overthrown the Government if they tried to take their money in such a way.

Re: Eurozone will collapse...
 

Yep ,they got loads of guns to do it with as well

Re: Eurozone will collapse...
 

Worth the risk of converting money to bitcoins. Rate varies but no government can tax those.

Too many people behind the scenes trying to keep the euro zone together no matter what. As much as I would like the EU to fall apart, don't think those with commercial/monetary interests will let it happen.

Re: Eurozone will collapse...
 

Martin Lewis was saying the same on 'This Morning' yesterday, he also said that any insurance payouts in the event of a fire would be at best around £1K.

So, either keep it in a UK bank or get a fire safe :p:

Re: Eurozone will collapse...
 

UK Banks will be ok I think. Unless a crisis happens.

Re: Eurozone will collapse...
 

Welfare Benefits ,it's the only sure bet :)

---------- Post added at 21:26 ---------- Previous post was at 21:25 ----------

Some how i'm not filled with confidence :(

Re: Eurozone will collapse...
 

I don't see it happening here. It's such a drastic measure and it will kill banking in this country. It would take something extraordinary...

Re: Eurozone will collapse...
 

Hmmm... Fireman?... Mattresses?... Sounds like Tim Deegan :D

Re: Eurozone will collapse...
 

like the collapse of all our major banks ......again ? ;)

hopefully though there are plenty of safeguards in place to prevent that happening again and we aren't in the Eurozone so that's a bonus

Re: Eurozone will collapse...
 

The EU can no longer be trusted to follow the laws of the land if it is to there benefit financially to break them.

Re: Eurozone will collapse...
 

In the words of Hong Kong Fooey ......could be :D

Re: Eurozone will collapse...
 

http://www.guardian.co.uk/business/2...trading-losses

http://en.wikipedia.org/wiki/2012_JP...e_trading_loss

Some are more on the up than others. ;)

Re: Eurozone will collapse...
 

Probably a few countries hoping the bank account tax works in Cyprus so they can do the same in their own. Free money from nowhere and a tax they can claim is in our best interest, like most other tax schemes.

Re: Eurozone will collapse...
 

The banks are already making money out of savers by paying them such poor rates.

Re: Eurozone will collapse...
 

Well that's a point. It's kind of happening with low interest rates...

Re: Eurozone will collapse...
 

So, thinking about what happens to Cypriot banks when they reopen, which at some point they will have to. Will the vote in the parliament quell depositors' concerns, or is the country about to experience the great granddaddy of all bank runs?

Re: Eurozone will collapse...
 

I'll go for option B. if I worked in a Cypriot bank I think Thursday might be the best day ever to throw a sickie.

Re: Eurozone will collapse...
 

Surely they won't reopen them until they've made it clear the deposits are safe? It would be brutal if they opened tomorrow as normal.

Re: Eurozone will collapse...
 

Well I hope the RAF airfield is well-defended in that case. That plane carrying a million Euros has just landed. :erm:

---------- Post added at 22:33 ---------- Previous post was at 22:31 ----------

Sooner or later they will have to open, or else they'll collapse the economy through people simply not being able to buy anything.

It's a tough call. You're right, they may want to take some time to try to calm things down, but conversely the longer they string out the crisis, the more rational it becomes to withdraw all your cash as soon as you can.

Re: Eurozone will collapse...
 

Or perhaps they won't be opening again after all

http://news.uk.msn.com/world/cyprus-banks-may-never-reopen

Re: Eurozone will collapse...
 

I might have guessed Schaeuble would be behind comments like that. The man's a complete idiot. He really should know better than to talk up a crisis like that - he could actually end up making it worse.

Re: Eurozone will collapse...
 

How and why can Germany make statements like that. Its not there place to say that banks might NEVER reopen.

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/world-europe-21855163

Re: Eurozone will collapse...
 

Probably going to keep them shut until Russia comes up with the cash.

Re: Eurozone will collapse...
 

There is a danger here that Cyprus could end up with Russian financial aid in exchange for Russian access to gas fields in Cypriot waters. I will be utterly amazed if the EUro-idiots in Brussels and Berlin are so stupid and short sighted that they allow Russia to take effective control of yet more gas, especially when that gas is currently within the territory of a European country and as things stand there is absolutely no need for it to become subject to Vladimir Putin and his penchant for turning the taps off when things don't go his way.

But then, this entire crisis is the result of EUro-stupidity anyway, so perhaps there's nothing left that is genuinely amazing or shocking.

Re: Eurozone will collapse...
 

I honestly hope that Cyprus pulls out of the Eurowreck and sets a precedent.

Re: Eurozone will collapse...
 

Me too. Genuinely, I think the only way out for Europe is for it to be demonstrated that the Euro is just a construct, not an inevitable, irreversible process of history. Great, a lot of people had fun with it while the times were good, but now they're not good and the Euro is not fit for the task. It's not sacrosanct, so it should go. Let Cyprus show that dumping the Euro is not the end of the world, then hopefully more will follow.

Re: Eurozone will collapse...
 

Thats exactly what i want to see happen.

Re: Eurozone will collapse...
 

[img]Download Failed (1)[/img]

Re: Eurozone will collapse...
 

:clap:

Excellent

Re: Eurozone will collapse...
 

This could get quite bad for Cyprus. They're still struggling to get a deal done with Russia and all savings may be at risk of being lost on Monday if a deal isn't a reached with either the EU or Russia.

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

Re: Eurozone will collapse...
 

[img]Download Failed (1)[/img]

Into a game of chicken now. Will the EU allow its main game to fail?

Re: Eurozone will collapse...
 

It's probably best for Cyprus if they go bust and start anew.... having said that I think that may be the best option for a good few countries and their people on planet earth.

Re: Eurozone will collapse...
 

Its not a game of chicken, its bullying by the main country's in the Euro-wreck against a small little country. The EU will twist this in such a way that Cyprus will be forced into complying or be forced out. Then if they are forced out they have not set a precedence that shows you can leave of your own accord.

Breaking news at this time on Sky news is that Cyprus have said there will be NO levy on bank accounts in any new deal.

Re: Eurozone will collapse...
 

Everyone involved is holding out as long as possible to get the best political deal they can.

Re: Eurozone will collapse...
 

Cyprus need a bailout. They don't have a automatic right to one. Any deal, from Russia or the EU, will come with conditions attached and they won't be popular either way. :shrug:

Re: Eurozone will collapse...
 

Oh dear, seems like Eurolalaland's streets aren't paved with gold after all.

Let's be real, they were so keen to admit 'members' into their club that they didn't think too hard about whether those members were in a position to meet their obligations and survive the conditions. Now it's become apparent that states like Cyprus can't do so, the gloves are well and truly off. Quelle surprise! :rolleyes:

Whatever happens now a nasty taste will linger in the mouths of all those who think they've been sold a pup. I don't see how that can ever translate into the sort of trust and commonality required to make the EU function in the manner the Eurocrats seem hell bent on.

Cyprus needs to be a line in the sand for the EU and the self obssessed, unelected, megalomaniacs who've created this mess.

Re: Eurozone will collapse...
 

I don't disagree with you on the need for a bailout.

However why should Cyprus be the first country to break the rules on bank deposits, Why have the EU decided to test this scenario on a small country. If they had tried that trick with Italy or Spain you can bet that the brown stuff would have seriously hit the fan. If this money grab from peoples bank accounts had been allowed to progress not a single person in Europe could put there hand on there heart and say my money is 100% safe from a grab by the EU. Rules and laws are being walked all over by the EU over this push for a money grab and i for one don't think they should be allowed to do it.

If they get to do it how long before they deem it necessary AGAIN to dip into personal bank accounts.

Re: Eurozone will collapse...
 

It seems a little unfair, as part of the problem is that the Cypriot Banks lent money to the Greek Government and therefore made losses in the plan to relieve Greek debt. They have already helped prop up the Euro. It is equivalent to the current practice of EU countries(eg UK, Germany) borrowing at lower rates and lending it to other EU countries(eg Greece, Spain, Italy) at those low rates.
Link

Re: Eurozone will collapse...
 

IMF dont care dont trust her especially now there issue on sakorsky and her. Flat been raided surely she should be suspended from her role IMF.

One big sham the whole thing stinks. Cyprus situation shows there know upper motive to all this.

Re: Eurozone will collapse...
 

They are being raided to save their own banks, and therefore maybe their savings anyway. It's a bad decision and it's good they've ditched it and are exploring alternatives but it is a bad decision caused by an impending disaster. The consequences of no action at all could result in depositors losing far more than 10%, their savings could be wiped if the two banks go under.

The way people are portraying this is that Germany wants some money and decided to bully the poor Cypriots out of their hard-earned savings. Cyprus is in serious trouble and the idea from the EU is that they'll bail Cyprus out but effectively wanted depositors to take some of the hit, to write off some of their money instead of more of it. This was a bad idea for all the reasons given (causing a bank-run, setting a dangerous precedent) but it's not really corruption.

Re: Eurozone will collapse...
 

No, it is corruption of the worst kind. If the banks in Cyprus go under, then the deposit guarantee scheme reimburses all savers with up to €100,000. But the EUrocrats have throughout this crisis sought to make it look like no banks are actually defaulting or going under, because of the financial and political costs of it. The haircuts taken by creditors in Greece, for example, were defaults in all but name. But the lack of the name prevented default insurance schemes from paying out (and possibly being unable to pay out, precipitating a greater calamity).

Now in Cyprus, where depositors were entitled to expect their savings to be safe even if the bank went bust, they were told their savings were being tapped to rescue the bank. That is utterly perverse. It subverts an agreed procedure designed to protect private individuals from bank failure with a cobbled together procedure that made them liable for bank failure. And the snakes in Brussels have done nothing but point out that, because this scheme was devised to be delivered via the Cyprus government as a tax, it was in no way a default and so the deposit guarantee could not be invoked.

It was weaseling about with the rules in the worst possible way.

Re: Eurozone will collapse...
 

@ Damien

Aside from imposing an economic straightjacket on countries which could not survive it, isn't this the reason the Euro could never work as intended by its archtiects? To suppose that when times got tough (as they inevitably would), there'd be no surfacing of national rivalries, no blame game (whether rational or not), no breakdown of trust, no hatred, no anger, no retaliation, no extremism etc. on the part of the suffering populations is either naive in the extreme or something the Eurocrats were willing to gamble on avoiding to get their way.

What we're seeing here is basic human nature in action and I dare say the Eurocrats believed they could even control that, along with the shape of our bananas...

The Germans should know better than most what can happen when there's simmering resentment amongst a population. It only takes a few charismatic extremists to come out from under their stones and suddenly there's a tinderbox of hatred. Whether that hatred is rational or not, justified or not, doesn't matter and if it's further fuelled by historic grievances, so much the worse.

Re: Eurozone will collapse...
 

In the past before Countries joined the Eurozone they could deal with there currency and try to sort out there problems by devaluing or other options. Now there are so restricted in what they can do in there own country by the rules of the Eurozone that they are on a hiding to nothing.

The way i see it is that as soon as the EU started messing with the issues in Greece any country that had financial involvement with them would be just as badly affected.

The Eurozone is just one big pile of dominoes and as soon as one finally goes the lot will go and the sooner that happens the better. At the moment there is Germany and the other couple of elite countries who have all the control in the EU and they are growing off the back of the other lower cast countries, sooner or latter its going to BLOW.


Meanwhile

http://news.sky.com/story/1068020/cy...ls-amid-crisis

So the pressure is starting to be slowly exerted to acquire the YES answer the EU elite require.

http://www.bbc.co.uk/news/world-europe-21875246

The EU have a lot to answer for as well in this

and who planned that one ?

Re: Eurozone will collapse...
 

hazard guess sirius bankers, bond holders, IMF, those mega rich who just incase not bond holders. Although not all mega rich abuse there position/wealth believe read its only minority who do it for ultimate power. Sadly they very powerful and able to be draft people to follow there model. I fully expect this just big game they laughing as I write.

Sadly governments fell for the bailout hook line sinker ultimately which left them vunerable. Who adviced this openly IMF that women got alot skeletons.

Now getting punished by the same ones created the 2008 banking crisis. Thats the thanks they get for bailing out those banks in trouble.

This why think whole charade been orchastrated from day 1 sirius. It might sound bit of conspiracy but fits the timelines they way those who got vested interest acting. Why force countries into spirals when mainly it was bailing out banks caused the problem.

If I am right its been clever poker hand for sure now upto governments to fight back get power back. The whole mess needs investigating people should goto jail for long long time if my feelings correct..

I have wondered if the ultimate goal is only conclusion is a war but why. Then say why in age nucleur would they want a war.

Re: Eurozone will collapse...
 

Wide-scale nationalisation of private property is every bit as insidious as expropriation of private bank deposits.

On the plus side, however, the population of Cyprus is now two-to-one in favour of outright withdrawl not just from the Screw-ro, but the whole stinking "Union"

Re: Eurozone will collapse...
 

The pensions thing seem to be proposed by the Government and not the EU. Again this is all because the EU isn't going as far to bail the entire country out as the debt would be so high the bailout would be pretty much equal to the countries entire GDP. Cyprus let it's banks get so big, inflated by Russian money, that it now threatens to bring them all down. The EU haven't dealt with this well but they share the blame with Cyprus in the first place.

Looks like Moscow isn't going to help either according to reports this morning so Cyprus' hope for a goldilocks solution is off the table. They're going to take a hit. Let the banks go under but protect the €100,000 and under depositors. Cyprus didn't like that because it would kill their offshore banking industry but if Moscow isn't willing to save their own tax-dodging millionaires then why should the EU?

Re: Eurozone will collapse...
 

Makes you wonder why was Cyprus ever admitted into the Euro-club doesn't it. The empire builders well and truly took their eyes off the ball for some strange reason... :rolleyes:

http://www.bloomberg.com/news/2013-0...euro-area.html

Re: Eurozone will collapse...
 

..

It helped that they basically screwed over Foreign depositors.

Re: Eurozone will collapse...
 

Yes, being free from the Euro shackles clearly has its advantages and Iceland did what they needed to do in their own best interests.

Re: Eurozone will collapse...
 

What I mean is that he missed the part where Iceland didn't bother to protect being who saved money in Icelandic banks who were not from Iceland. It's not clear if such an option is on the table for Cyprus...

Re: Eurozone will collapse...
 

I know what you meant. I can't see how that option could be open to Cyprus given that the 100k deposit protection scheme is supposed to guarantee securtity for all investors below that amount, which would be the vast majority I'm sure.

IIRC Iceland has repaid much of the debts owed but is doing so at its own pace.

http://uk.reuters.com/article/2013/0...90R0I720130128

Re: Eurozone will collapse...
 

The 100k can probably be swung. It's those in the minority who have huge amounts in the banks that would be the problem and a industry Cyprus presumably wants to keep....

Re: Eurozone will collapse...
 

Excellent :)

Re: Eurozone will collapse...
 

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

Re: Eurozone will collapse...
 

Rumours circulating that the Troika has increased the amount it demands Cyprus to raise by a whopping €0.9bn. They're havin a giraffe.

Meanwhile, Cypriot satirists are hard at it:

https://www.cableforum.co.uk/images/...2013/03/34.jpg

Re: Eurozone will collapse...
 

Why is the Union Jack/Flag/whatever doing there? What have we done?

Re: Eurozone will collapse...
 

British bases :)

Re: Eurozone will collapse...
 

The problems in Cyprus stem from Greece being allowed into the Euro. Cyprus was doing ok.
Link
The Cypriot banks and it's savers have already been taxed by the 'haircut' imposed by the EU.

Re: Eurozone will collapse...
 

Thats what the Euro does to you unless your in the elite controlling group ;)

The Euro wreck elite will not be happy till they have total domination over Cyprus. Then there will be even more money flooding into there coffers over the next year or so.

Re: Eurozone will collapse...
 

Well I dare say you can substitute a number of names into the list of those allowed to join a club they weren't capable of sustaining membership of.

Re: Eurozone will collapse...
 

Looks like the Euro zone elite have got what they wanted in the end. Now no bank account is safe from the EU dipping if they want to.

http://news.sky.com/story/1068912/cy...-deposits-deal

So i ask the question again. If a soldiers bank account is raided and the British Government aka the tax payer refunds the soldier. Will the EU refund the British tax payer that money that is refunded.

Re: Eurozone will collapse...
 

This the principle of expropriation of private bank funds is established. A line has been crossed.

Re: Eurozone will collapse...
 

Don't worry - it'll only be a one-off... :rolleyes:

Re: Eurozone will collapse...
 

It's only over €100,000 Euros this isn't it? Thus avoiding breaking the ECB's deposit protection. It was either that or people lose their entire savings as the banks collapse.

---------- Post added at 18:48 ---------- Previous post was at 18:46 ----------

The banks weren't safe in the first place. If Tuesday had arrived with no deal there was a high chance the banks would have gone under. UK Banks are only protected up to £85,000.

Re: Eurozone will collapse...
 

They have crossed that line, and they know what they can get away with now.

Re: Eurozone will collapse...
 

Yes but these banks and deposits were at risk anyway. Another way to put it would be that the EU will only fund a partial bailout that protects everyone's savings under €100,000 and around 80% of those over €100,000. It's the banks themselves which were on the brink of going under, the banks themselves were the ones who the Cypriots needed to bail out.

Re: Eurozone will collapse...
 

However they now know that if they need to they can force a country to dip into peoples bank accounts, now they have crossed this line what will be next ?

I am so glad we are not in the Eurozone. Its a poison chalice unless you are one of the elite members.

The Euro elite will be rubbing there hands together in glee now. All that extra money coming in via interest on the bailout.

Re: Eurozone will collapse...
 

which is 100,000 euros .The ecb deposit protection is the same across europe .

Re: Eurozone will collapse...
 

So it's bank deposits now, how long before (if this economic mess endures) it's other investments or assets? Pensions, homes, shareholdings etc. It's long been obvious to me that when Brown's economic muck finally hit the fan and the inevitable bust happened, it'd ultimately be those who'd been prudent and saved who'd bail out those who were living the high life, spending what they didn't have and running up debt.

Where are all those people who used to bang on about how the UK should join the Euro now? I recall people calling me a little Englander and telling me it'd be great. So much simpler not having to change currency on their hols. etc. The facts about a common exchange rate and one-size-fits-all interest rates seemed to elude them... What a total crock!...

Re: Eurozone will collapse...
 

maybe the EU are covering up the fact that they have no money left for bailouts so dipping into bank accounts is all that is left

Re: Eurozone will collapse...
 

OK so what would you have preferred to happen?

Re: Eurozone will collapse...
 

I think we should get some perspective here


we are screwed :(

---------- Post added at 19:11 ---------- Previous post was at 19:09 ----------

let cyprus go bust .Let the people move their money to safer banks

Re: Eurozone will collapse...
 

Where would they get the money from? The banks were about to go under?

Re: Eurozone will collapse...
 

This. Presumably, most affected people would have lost a lot more than this 20% if Cyprus had gone bust?

Re: Eurozone will collapse...
 

Well that's my understanding. It's possible I've misunderstood but the majority of the bailout was to save the country's two lagest banks.

Re: Eurozone will collapse...
 

Yes, this is my understanding as well. At least it's a lot more consistent with the banking guarantee. Deposits over 100,000 euros are always at risk from bank failure, and those who have more should therefore spread it. Those who haven't or couldn't will have to cough up, but things could/would have been worse for them if the banks had failed.

Re: Eurozone will collapse...
 

my understanding was that it was the government that needed the bailout from the EU ,the EU said yes you can have one but only if there is a levy on deposits held in Cypriot banks .What has been mentioned on news reports is that the cypriot banks where/are awash with money from Russian billionairs who used the banks to launder their money so i don't think the banks where skint or where would the levy on deposits come from

Re: Eurozone will collapse...
 

Hmm, fair point on the cash. However, the point of the levy (as I understand it) was to stop the deficit exceeding 100% of GDP. With a full bailout it would have topped 140%. I'm not sure if Europe insisted on the levy per se. Europe did require Cyprus to find 5 billion Euros.

Re: Eurozone will collapse...
 

I am pretty sure they need the bailout to save the two banks. The banks are certainly not awash with money and are only still going because they've been getting "emergency liquidity", i.e cash for day to day operations, from the European Central Bank.

They were liable for a lot of Russian money. The Eurozone didn't want to be seen to be bailout out rich Russians so said that some of the bailout, which would have amounted to more than the entire GDP of Cyprus, would have to come from Cyprus itself. However if the bailout is being used to save the banks then you could just as easily they say that the EU is only bailing them out to a point. That point as been changed to protect those savings under €100,000 and 80% of those over €100,000.

---------- Post added at 19:37 ---------- Previous post was at 19:36 ----------

The thing is, if the bailout didn't happen and the ECB stopped the emergency liquidity then the banks would have collapsed and people under €100,000 would have been refunded but everything over €100,000 would have been lost.

So again. What was the alternative?

Re: Eurozone will collapse...
 

So having done it once, what is to stop Cyprus doing it again to those with over 100000 in the bank.

What would be the result of most major depositors withdrawing what they have left after this levy?

My guess is that the banks will likely fail....

If 5bn had to be raised and that is 20% of savings that means the savings are worth 25bn. OUCH.

Re: Eurozone will collapse...
 

I would have preferred Cyprus to grow a pair and leave the Euro wreak, then other would see it was something they could do as well and the house of cards would fall.

---------- Post added at 19:43 ---------- Previous post was at 19:42 ----------

Well hang on, where is Germany getting its blood money from if the banks were about to go under ?

Re: Eurozone will collapse...
 

OK but then a lot more depositors would have lost their money. It's just a bit disingenuous to be angry at the Eurozone for not saving all the depositors money when ou would rather they didn't anything at all. Can't have it both ways.

Re: Eurozone will collapse...
 

There WILL be a run on the banks after this, Cyprus is now well and truly screwed and the Euro elite know that. The likes of Germany and France will have a strangle hold on Cyprus after this and i would expect preferential trade deals to boot ;)

I give it 2 months for all the money to disappear out of the Cypriot banks and then BANG down they go again.

Re: Eurozone will collapse...
 

Germany isn't getting any of the levy money, the levy money is still going to Cyprus.

Re: Eurozone will collapse...
 

So Germany does not get any of the interest that will be charged on the loan. ?