Eurozone will collapse...

[Sirius]

Originally Posted by Damien

They're trying to save a currency and economic union whose collapse would damage their economy. They're not interested in 'ruling Europe' and World War 2 was over 65 years ago.

That is correct.

I personaly don't trust the Germans and i certainly don't like the way they have thrust themselves into the position they are in within the EU. It seems that nothing gets the ok unless they say so.

Originally Posted by Sirius

I personaly don't trust the Germans and i certainly don't like the way they have thrust themselves into the position they are in within the EU. It seems that nothing gets the ok unless they say so.

That's because there quite engaged in it. We can't sit on the sidelines sneering at the whole thing and then complain when it moves on with issues without our input. We don't want anything to do with the Eurozone crisis either and since they're the ones stumping up the money then I can see why they want to attach conditions to it.

[Sirius]

Originally Posted by Damien

That's because there quite engaged in it. We can't sit on the sidelines sneering at the whole thing and then complain when it moves on with issues without our input. We don't want anything to do with the Eurozone crisis either and since they're the ones stumping up the money then I can see why they want to attach conditions to it.

But we are about to be involved in it financially.

Our Government is going to have to compensate our people in Cyprus who are there as part of the Military or diplomatic core. Who gave the EU the right to take money from the accounts of those NOT in the Euro ie soldiers posted to Cyprus and if TAX payers money is then to be used to compensate members of the military and diplomatic core will the EU pay back that money they have in effect stolen from peoples bank accounts.

I also feel that what they are about to do is wrong and is legally wrong as well.

Thankfully this just shows people what the EU are capable of and will i hope encourage more of them to vote ukip at the next election.

Originally Posted by Sirius

.Who gave the EU the right to take money from the accounts of those NOT in the Euro ie soldiers posted to Cyprus and if TAX payers money is then to be used to compensate members of the military and diplomatic core will the EU pay back that money they have in effect stolen from peoples bank accounts.

The Cypriot Parliament will give them the right to take money from accounts if they pass the bill tomorrow. When you keep your money in another country those accounts are governed by the law of that country.

[Sirius]

Originally Posted by Damien

The Cypriot Parliament will give them the right to take money from accounts if they pass the bill tomorrow. When you keep your money in another country those accounts are governed by the law of that country.

Well i just hope that the tax payers money that will be used to compensate our people for the money removed from there accounts is repaid to the British people. Lets face it our soldiers are there because the UN requires us to be there to stop Cyprus from fighting with Greece. The Cypriot government will not survive the subsequent trouble that this will start in there country. Blood will be shed mark my words because this will raise tensions. The Cypriots in the south will blame the Greeks in the North for bringing this down on them.

I would imagine with the prevalence of online banking, there will be quite a few new British bank accounts being opened by the forces personnel and their families, with inter-account transfers happening as we speak....

[Sirius]

Originally Posted by Hugh

I would imagine with the prevalence of online banking, there will be quite a few new British bank accounts being opened by the forces personnel and their families, with inter-account transfers happening as we speak....

From what i have read they have placed a ban on all electronic transfers since Friday

Electronic transfers were blocked and the country's cooperative banks had to shut their doors after seeing a rush of savers keen to protect their money.

http://news.sky.com/story/1065753/cy...s-raid-bailout

[Osem]

Anyone who thought shoehorning so many different peoples and cultures into a Euro-jackboot would work must have been insane. If it continues to spread and intensify, the unrest we are seeing could, ironically, be the cause of major European conflict rather than the preventive.

[Sirius]

I was going to change £400 in to Euro's at the end of the month for my holiday to Malta in June. I might hold off now because i think this issue with Cyprus might be the start of the end for the Euro or at least i hope it will be.

[Osem]

Sadly, we are far from immune from the plight of the Eurozone. The fact that Sterling has recently lost so much ground to the Euro and the Dollar doesn't bode well for ordinary people but does at least offer the prospect of our exports becoming more competitive. Something which the Germans have benefited from greatly since they ditched the Deutschmark in favour of the Euro. Yes, like us, they've had to bail out the likes of Spain but they've also benefited from the relative weakness of the Euro.

---------- Post added at 18:33 ---------- Previous post was at 18:32 ----------

Originally Posted by Sirius

I was going to change £400 in to Euro's at the end of the month for my holiday to Malta in June. I might hold off now because i think this issue with Cyprus might be the start of the end for the Euro or at least i hope it will be.

Given what's been happening in Cyprus, I'd withdraw your life savings and keep them under your bed....

[Sirius]

Originally Posted by Osem

Sadly, we are far from immune from the plight of the Eurozone. The fact that Sterling has recently lost so much ground to the Euro and the Dollar doesn't bode well for ordinary people but does at least offer the prospect of our exports becoming more competitive. Something which the Germans have benefited from greatly since they ditched the Deutschmark in favour of the Euro. Yes, like us, they've had to bail out the likes of Spain but they've also benefited from the relative weakness of the Euro.

---------- Post added at 18:33 ---------- Previous post was at 18:32 ----------



Given what's been happening in Cyprus, I'd withdraw your life savings and keep them under your bed....

i have a safe i can put the £400 in for now

---------- Post added at 19:40 ---------- Previous post was at 18:37 ----------

There has been an update from Germany

The speaker of the European Parliament, Germany's Martin Schulz, has called for the levy to be revised to protect small-scale bank customers.

It is now clear that negotiators of the bailout in Brussels drastically underestimated the reaction there would be here in Cyprus, the BBC's Mark Lowen reports.

Oh really they did not expect a backlash from the average joe in Cyprus over the wholesale robbery of there bank accounts

A tiny eurozone economy feels it is being blackmailed by the most powerful and the growing resentment will do nothing to foster the much-vaunted European solidarity, our correspondent says.

that's the feeling you get when you are bullied

I think any Germans on holiday in Cyprus at the moment should keep a low profile after Tuesday

http://www.bbc.co.uk/news/world-europe-21824495

[Osem]

So who was it exactly who didn't think stealing people's savings so blatantly would create a backlash? Out of touch or what!!

[Sirius]

Originally Posted by Osem

So who was it exactly who didn't think stealing people's savings so blatantly would create a backlash? Out of touch or what!!

That's the glorious EU for you

[Osem]

Originally Posted by Sirius

i have a safe i can put the £400 in for now

Nah, give it to me and I'll give you -25% interest. Can't say fairer than that.... lol

[idi banashapan]

http://www.liveleak.com/view?i=ebe_1363460771

gotta love this guy. he always talks sense.