How Much Further Will The Eu Be Prepared To Go In Their Failing Dream?

[anotheoldgit]

http://www.dailymail.co.uk/news/article-2298337/Cyprus-Russia-savages-EU-island-gets-8-5billion-bailout-deal-richest-investors-losing-40-savings.html

[jake-the-peg]

'Thieves'?

That's hillarious

So thieves like when the bank asks you for a downplayment on a loan

lets remember who's coughing up here

The Eu could just refuse to help let the banks go bust and they'd lose the lot!

[Noth43]

Everyone else says its theft.

[Gromit]

I have been wondering how much Roman Abramovich stands to loses

http://www.businessinsider.com/abramov-abramovic-cyprus-investments-2013-3

[anotheoldgit]

I would class anyone who took 40% of my money as 'thieves'.

[jake-the-peg]

Well you better post that to the Cyprus government

The EU told them they wanted a 5 billion contribution - the decision of how to raise it was up to the Cyprus government.

They decided to reject the suggestion for smaller depositers

[Noth43]

Everyone except jake says its theft.

[DangerUXD]

Come on jake this is theft plain and simple. To rip off people directly from their own accounts can have no other description. This is not comparable to a down payment on a loan. Yes the country needs a loan and yes they need to come up with something as an LTV themselves but from a private individual's perspective this is theft. Can you imagine this even being attempted on say Spain or Italy? No?

To answer the original question though, a lot further, to the EU ideoligists the EU must work at any cost. The fact that it is a totally flawed corrupt institution is irrelevant to them, any "problem" is merley a hiccup in the march to the EUSSR.

[youngmafbog]

Thieves, maybe not totally as Jake does have a point that they 'could' end up worse off. However they have chose to only hit the rich which is probably why Comrade Jake is so happy. As this is obviously the EU masters effectively taking control of Cyprus then it does rather seem like thievery to many. And all without a goose step in sight.

If they were going to do this then it should have been across the board, even if varying %. Other than that maybe they should have sold out to Russia. EUSSR vs USSSR II ?

[bazwillrun]

and now theyve been told they dont need parliamentary agreement to ok the thefts

you couldnt make it up

[DangerUXD]

No wonder Asil Nadir Came back!

[Gromit]

Asil Nadir came back from Turkish Northern Cyprus. Not in the EU, not affected by the bank bailout and raid on davings.

[DangerUXD]

glad the davings are safe Gromit!

[pdq1]

I bet Turkey are pleased they wasn't allowed to join the EU and subsequently the Euro.

[carolegif]

Cyprus was told by the EU to help bail out Greece. Until then, their economy was stable. Now the EUnare punishing them again. This will have repercussions.
Firstly, the Cypriot economy will collapse anyway as companies will lose 40% of their assets and fail, putting people out of work.
Secondly, don't underestimate the Russians. They are already threatening to freeze German assets, and punish the euro zone by not giving them contracts.
On the bright side, think of all that money now coming into Britain!