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Cyprus Extends "Bank Holiday" Blocks Transfers From Depositor's Accounts

Yesterday the European Union ministers agreed to bail out Cyprus in part by imposing a tax on money held on deposit by Cypriots.

A bank holiday was declared for Monday and the depositors would wake up Tuesday with their banks open and part of their money gone- no matter this would be a one time charge and Cyprus would be saved- so said the EU masters and the media.

More details here: Cyprus Bank Depositors Forced to Forfeit Money To Fund Bailout

Yesterday the Cypriot legisature was supposed to hastily meet to rubber stamp the bailout terms, but cancelled the meeting when it was realized that the measure might not pass.

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_17/03...

The status now is the bank holiday has been extended and depositors have been blocked from their money until the Cypriot legislature can get the votes for the bailout to pass.

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_17/03...

Stay tuned for dire warnings and threats if Cyprus doesn't agree to take it bank depositors' money to pay for the bailout.



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SteveMT's picture

Cyprus bank holiday extended again until Thursday.

Which Thursday is the next question?
http://www.zerohedge.com/news/2013-03-18/cyprus-bank-holiday...

The Worst Case For Big Depositors In Cyprus: 15.26% Haircut
http://www.zerohedge.com/news/2013-03-18/worst-case-big-depo...

Are the bankers purposefully trying to start a revolution?

"Oh, we'll let you have your

"Oh, we'll let you have your money (-10%, maybe more), sometime."

Darth Vader: I am altering the deal. Pray I don't alter it any further.

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

SteveMT's picture

Yup. You guessed it, MaxK. Now 15.6% tax for >€100,000.

<€100,000 = 0% tax. The Russians won't like this "altered deal" at all.

http://www.zerohedge.com/news/2013-03-18/eurogroup-folds-tel...

Cyril's picture

Are the bankers purposefully trying to start a revolution?

"Are the bankers purposefully trying to start a revolution?"

Not even ! I'm pretty sure these freakos find this absolutely normal "people-screwing procedure" and don't expect folks getting infuriated, as they have politicians in their pocket anyway.

They just don't care. They just go through their planned agenda.

ROUTINE.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

No representation? Then it's time for mob rule.

The people of Cyprus need to use this "Holiday" to march-on Nicosia. They need to surround the capital and demand their "representatives" change course immediately. If they don't prevent the vote from taking place, they will be robbed blind.

While this is terrible, something good from this is possible.

If, as others have said, these bank accounts (or at the minimum, some of) are held by Russian oligarchs, let's just hope at least a few are KGB/FSB interwoven/connected. Stupid bankers and politicians setting themselves up for assassination. Rejoice. :)

Mr Putin is not amused. He will attend to your concern.

Immediately.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Hopefully the govt idiots that agreed to this theft

will be thrown out on their asses next election..

Screw the Euro anyway -the whole continant is a basket case waiting to happen -no natural resources -overpriced cars -$11 dollar a gallon gas. Hopefully helicopter Ben doesn't give them more of our money? I'd short the Euro if the markets were not rigged. The pound sterling has been selling off hard lately..

I'll guess the Greenback, the Loonie, and the Aussie remain safe havens although the Loonie could drop a point or two this week on jobs data.

Government is supposed to protect our freedom, our property, our privacy, not invade it. Ron Paul 2007

Pound Sterling is used in Britain & Northern Ireland.

History of the Pound Sterling
The pound sterling of the United Kingdom was originally the value of one Troy pound of sterling silver, hence the name: Pound Sterling. The Pound Sterling was adopted as the Royal Chartered Bank of England's currency in 1694. England's national debt increased exponentially from 1700 to the mid 1790's thus making it extremely difficult to exchange banknotes for gold. ...

The pound sterling is [now] only used in the United Kingdom of Great Britain and Northern Ireland and the following British dependencies outside the UK: The Isle of Man, the States of Jersey and the States of Guernsey. The Bank of England prints and distributes money for England and Wales. The Bank of Ireland, the First Trust Bank, the Northern Bank, and the Ulster Bank print the notes for Northern Ireland. The Bank of Scotland, the Royal Bank of Scotland, and the Clydesdale Bank print and distribute the notes for Scotland.

Since Pound Sterling bank notes are printed in different parts of the UK, the design differs depending on where they are printed. Regardless of the region where the notes are printed, they should be accepted anywhere in the United Kingdom as legal tender. However, some people often do not recognise a 'different' looking note from elsewhere in the UK and subsequently consider it to be a foreign currency.
http://www.advfn.com/currencies/gbp/about/BritishPound.html

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Cyprus

Government employees make 2.5 times more than private sector employees.

donvino

Cyril's picture

BUMP. Re-read Proverbs 16:11, people.

BUMP.

Stack on PHYSICAL silver as much as you can, people. It's not too late yet. Spread the word.

Re-read Proverbs 16:11.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Bible qoutes

When it comes to Bible quotes I prefer:

Revelation 3:18

Cyril's picture

Isaiah 13:14-18 and Luke 14:28-35

Yes.

Isaiah 13:14-18 and Luke 14:28-35 are interesting, too.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Gold over $1600; Silver over $29 now

Cyprus effect...

Please subscribe to smaulgld.com

Cyril's picture

Folks, "we ain't seen nothing yet", that's the bottom line

Folks, "we ain't see nothing yet", that's the bottom line, right there:

http://www.dailypaul.com/278536/interview-of-the-algerian-jo...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Saw on twitter-Bailout Logic

Charge your largest and longest standing customers the most because you are in financial difficulties

Imagine a financially troubled Starbucks telling its customers Lattes now cost $20 for infrequent customers and $50 for frequent customers- hey we need the money

Only governments think this way

Please subscribe to smaulgld.com

Many small hopelessly in debt nations pay large ones. Why?

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Yeah sure we'll help you out

Yeah sure we'll help you out we'll just steal your money to pay for any insolvency... LOL Gotta make sure the share holders and execs get their bonuses you know...

Funny but sad as it shows ho much these criminals believe they have the hearts and minds of the majority of people in their control. Unfortunately they are probably right about home much control they have and people will bitch and moan and nothing will change. Just like the American bailouts...

Face it the majority are a bunch of castrated sheep bleating a little bit here and there but continuing to go where ever the herding dogs push them...

-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

Was looking for video

Was looking for video interview. I think knife muggings in the alley is about the only thing the banksters haven't tried yet.

https://www.facebook.com/permalink.php?story_fbid=4969124070...

Nigel Farage:
This 10% levy on Cypriot bank deposits is theft, pure and simple. The Cypriot government have the choice of asking the people if they want to pay or want to leave the single currency

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

Done deal. Toxic assets & bodies dumped in Maiden Lane, NY NY.

Right behind NY Fed is Maiden Lane, where toxic assets go to their final resting place. See Maiden Lane & Maiden Lane II, the sequel.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Much of the Manhattan toxic assets were dumped in Maiden Lane.

What alley will Russian... [Telegraph line drop].
-----------------------------------------------------------------------
"Maiden Lane" after reading a passage from the story where the author walks civilians down Maiden Lane (a street in the [Manhattan NY, NY] Financial District) in order to put them to bed by candle light in his own apartment. As they walked down Maiden Lane, he was struck by the silence and heaviness in the air. My song looks to alleviate the heaviness of that day and bring hope to our future.

"Maiden Lane" is an original composition by A. Lemke. Magic Pinecone Productions, 2011.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

Merkel: Cypriot depositors must share responsibility

[This is not a joke.]
"German Chancellor Angela Merkel stated that all depositors in Cypriot banks should share the responsibility of bailing out the state."

"Addressing an election rally on Saturday night, Merkel said that “anyone having their money in Cypriot banks must contribute in the Cypriot bailout. That way those responsible will contribute in it, not only the taxpayers of other countries, and that is what’s right.”
http://ekathimerini.com/4dcgi/_w_articles_wsite1_1_17/03/201...

She doth portest too much. Why doth tiny states send her money?

Why must small hopelessly in debt nations pay large hopelessly in debt nations?

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

By that logic if Charles Swab mismanages its business

they should be allowed to raid your personal funds to help them out

Only governments can make idiotic arguments like that

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SteveMT's picture

That is exactly what Corzine did.

So far, he walks freely.

anyone want to take a guess how many points

the dow will drop by close of business on monday?

I a guessing 300 to 500 points.

Russians

Saw a clip that lots of Russians have money there.

They are going to freak lol

We know how out of contol they can get :P

donvino

Cyril's picture

BUMP. Depicts it faithfully,

BUMP.

Depicts it faithfully, IMO.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius