The levy will see deposits of more than 100,000 euros in Cypriot banks hit with a 9.9 percent charge when lenders re-open their doors on Tuesday after a scheduled bank holiday on Monday. Under that threshold and the levy drops to 6.75 percent.
Oh yes, this is truly proof of the stability and safety of the Euro and banking in Europe!
The only real question: If they get away with this, and they probably will, who gets fleeced next?
“It’s something that compared to other possible outcomes, is the least onerous,” said finance minister Sarris
The least onerous…since government employees had to be spared…? What? We’re having a real breakdown right now about which came first, the People or the Government; and the Governments are using the powers given them by the People to claim it the wrong way around.
World's Only Rational Man 
You see, I live.
Though why it says by MG by MG I do not know.
Yep, that’s more money down the drain. More money we’ll never see again. Because it won’t stop there. It didn’t stop at Greece, or Portugal, or Spain or….
The EUSSR is nothing else but a re-distribution union. Take from “the rich”, give to the poor until we’re all poor.
And they will get away with it. Why? Because the big countries in this lovely EU “parliament” will always steamroll the small countries. Germany and France, the two who were pushing most for “saving the Euro”, can always force the rest to fall in line. Don’t like it? Tough luck! That and all those lovely EU “commissioners” who haven’t been elected by anyone, but keep calling the shots.
And if the people of those small countries dare to vote for politicians who speak out against this or aren’t gobbling up the EUSSR crap sandwich? Well, we’ve seen it in Austria and Hungary. Sanctions!
I can’t wait for this Moloch to self-destruct, because that’s what it is. This is modern child sacrifice in the name of these people’s god. Okay, so we’re not throwing the kids into a fiery pit, but we’re doing exactly that not only with their futures, but also with our own.
Where the rich and poor are defined not by monetary values but by etherial political choices which seem overwhelmingly based on ‘in’ and ‘out’ group definitions.
I thought this was by Worme! Didn’t put it together till I read the comments.
The Moloch analogy is well drawn, too.
You and Edo should be posting more. It’s quite a brain pool.
I tell myself I will now and then. The question is if it happens!
I wrote a longer 3-11 post on facebook, basically “remember, remember” and how Germany betrayed the people of Japan who needed help.
While everybody else helped. The German team ran away. A day after they fled, the Turks came and helped.
I’m so anti-German by now, it’s insane.
Talk about being done Greek style, at least the old Cypriot gangsters would look you in the face as they did you in.
Wonder how many are looking as to how much they can transfer out via wire transfer between now and Tuesday morning, and which banks are going to accept them as well
Cyprus isn’t even the issue.
The Euro could possibly work, if it was Germany, Austria, Switzerland, you know, countries with such work ethics and mentalities.
But Greece? Italy? Spain? Cyprus? Those are places we go on vacation to. For a week or two. But we don’t take them seriously, never did.
See, the German stereotype is “Schaffe, schaffe, Häusle baue”. Literally translated “work, work, build home”.
The southern stereotype is “siesta”
Or take Italy. If you go to South Tyrol it’s pretty much like Austria (as it should be, Italian thieves!), but the farther south you go, the worst it gets.
People condemn stereotypes as racist and what not, but let’s face it, they tend to convey the truth of things.
Anyway. You want to blame someone? Blame Brussels for letting these lazy f*ckers in! It all boils down to the unelected bastards in Brussels, that Barroso fellow and his goons, all those “commissioners” (as I’ve said some time ago the German term for them is commissars and it fits a whole lot better) and the EU “parliament”.
Admittedly, I’m a leftist at heart, but my mind knows that, no matter how great it may sound, reality and human nature effectively prohibits this approach. Mind > matter. Logic > emotion. Facts > heart.
The fault lies with in the EUSSR. And, frankly, and since I’m a bit tipsy, the EUSSR’s “leaders” would really deserve a proper Stalinist purge at this point.
As many as can, will. But then comes the problem with precedents; who really thinks that if this falls short they won’t simply hit another group of depositors elsewhere?
They’re encouraging people to go all cash or leave the EU systems’ reach, neither of which is really good for the Euro!