|
|
Post by JohnP on Mar 18, 2013 8:44:38 GMT 1
I find what is going on in Cyprus quite bizarre. The Government proposes to plunder resident's bank accounts and take up to 10% of their savings.
This is nothing short of theft and if it goes ahead will surely destroy the banking system within Cyprus as residents will move their accounts abroad.
The Banks screw up and the Government steals resident's savings to bail themselves out, quite remarkable and worrying. If this goes ahead, how many other countries will follow suit? The speculation alone could de-stablise markets, very worrying situation.
|
|
|
|
Post by lib on Mar 18, 2013 10:06:27 GMT 1
I too find it a bizarre situation.
Could part of the Governments thinking be triggered by by the lack of people willing to pay their legitimate taxes.
Having spent time in Cyprus over the last few years, I have found that the wealthier you are the less tax so end up paying.
Ps On that basis would France be contemplating it.
Would like to see a full blown revolution ............
|
|
|
|
Post by 4STIX on Mar 18, 2013 21:38:07 GMT 1
IMF & EU Bankers testing the water me thinks beware Spain & portugal  |
|
|
|
Post by meldrew on Mar 19, 2013 10:49:18 GMT 1
Suspect you are all correct. - Looks like the Cyprus Government will duck out of the crucial vote anyway.
|
|
|
|
Post by rainbowchaser10 on Mar 19, 2013 16:05:18 GMT 1
|
|
|
|
Post by Cheeky Chops on Mar 19, 2013 19:45:14 GMT 1
Very scary...
|
|
