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Rabih Gabriel

  107 months ago

Unprecedented step: Enough is Enough!

During the week of March 10 to 15, 2013 .. an extraordinary event occurred at the meeting of European leaders in Brussels.

As we all know, five European countries: Greece, Ireland, Portugal, Spain and Cyprus have requested financial aid from the EU / ECB / IMF .. so that these countries can meet their commitments to creditors. otherwise .. they could be facing bankruptcy .. and consequently .. the financial system as a whole, not only in Europe but throughout the world may collapse.


During the SUMMIT .. bureaucrats have decided to take from all savers and depositors in banks in Cyprus, 7% of their funds (those with up to 100 000 euros and 9% in those with more than 100 000 euros).

After this decision, can you imagine our money safe in our banks .. thank you for policymakers in Brussels! With what powers, these officials can take our money without our permission? We live in a democracy yes or no? The people of Cyprus proceeded to withdraw their funds before the deadline of such measure taken place. Imagine that this process occurs in France, Britain, Italy or Germany or the USA .. that trigger a revolution! .. As far as I know .. this is the first time such a procedure is implemented in one of our Western developed countries ... In 2014 .. we have European elections .. People must manifest their dismay at these high salaries Bureaucrats. I am disgusted by such interference in our savings. If we can not trust the banks to keep our money .. who should we trust or put our confidence where our savings are saved and not taken without permission? an unprecedented step: enough is enough!
Reply
Post

Suskulita

  107 months ago
Leave and run....it is my opinion ! I agree with you in this ...enough is enough ! Reply
0 comments

davidclee

  107 months ago
I bet UKIP must have doubled their membership overnight...... Reply
0 comments

davidclee

  107 months ago
The UK has been doing the equivalent for years in the UK, but much more cleverly. The UK Government has kept the bank rate low and has been printing money via Quantitative Easing. The inflation rate has been higher than interest rates that ordinary people can get on the High Street, which means that prudent savers have been milked of their savings for years to an extent which is a damn sight higher than the mere 10% that the Greek Government want to take from those with more than 100k Euros in Cypriot banks. The Cypriot Government should have learnt from the UK - you can transfer money from ordinary people to the banking sector and the Treasury by stealth so that very few people notice. Simples !!!! Reply
0 comments

PoohBah

  107 months ago
... and if that's not bad enough, His Tonyness the Blair is now waving his willie again and saying there should be military intervention in Syria. (Does he have shares in any military suppliers, I wonder?) Reply
0 comments

carames2009_6578

  107 months ago
Eso mismo digo yo basta ya , cada vez estamos peor y lo peor de todo es que nos estan chupando todod nuestros derechos . Reply
0 comments

trevjohn

  107 months ago
Daft. I gather the Russians treat Cyprus as a tax haven (~$10bn invested) and thus will be taking the biggest whack? Yet still, for the residents there has to be a legal way to stop this madness I hope. Reply
2 comments

Mistirose

  107 months ago
They should not be allowed to do this, these people haven't caused the financial crisis! If money is taken out of any bank accounts it should be from the likes of Sir Fred Goodwin and all the other bankers who created this mess and who are now living lives of luxury while the rest of us suffer. Reply
0 comments

steppenwolf_a_558

  107 months ago
When I heard this on the radio I mentioned to my sister that this seemed a calculated means to cause a run on the banks... so I wasn't particularly surprised when a day later they were reporting a run on the banks. It was reported on Radio 4, however, that this was a unilateral decision by the Cypriot government rather than a EU directive... or so it seemed to me. I can't imagine even the EU coming up with such a stupid plan, given as it was inevitably going to screw over the Cypriot banks. Reply
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