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Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
Fair comment, but your answers for these? So Mekon, why wasn't this implemented for: - Portugal,Ireland,Italy,Greece & Spain? ...interesting that the EU are doing this now....... Trying to step back from the lurid Mail and other press reporting. ...like the BBC. Most of the "interesting" links I've posted are from them. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
It is being reported by the BBC European news. There is no reference as to where they get that information from. If it is true then it makes a difference. BBC report Update for you: - EU Leaders gamble with bank bailout Your one for the law & rule of law, so your post quoted regarding Russian money becomes suspect in light of this comment, which by the way, I fully agree with: - "Politicians punishing prudent savers, to give to a corrupt banking system. If Russian money is being laundered in Cyprus, then it is illegal, and their assets should be ceased throught the courts. The world has gone crazy, when politicians can simply steal money from saving accounts of its citizens. Disgraceful, and another example of the folly of the euro. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30651 Credit: 53,134,872 RAC: 32 |
The world has gone crazy, when politicians can simply steal money from saving accounts of its citizens. It is called an ad valorem tax. Note that it has been around since the Roman Empire, hence it being a Latin phrase in the English language. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
so your post quoted regarding Russian money becomes suspect in light of this comment, which by the way, I fully agree with: - Ah, so law & rule of law is only for the likes of you to bandy about when it suits you? Suspect is NOT the same as PROOF, so the Mekon being the "Fat Comptroller" her word is now law & she can do as she sees fit? Can you at least read? "The 10bn-euro ($13bn; £8.6bn) bailout agreed with the EU and IMF demands that all bank customers pay a one-off levy.".... ...& all because the lady loves....... |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
Ladies & Gentlemen, there are times when it becomes quite apparent, that there is simply no point in banging ones head against a particularly thick brick wall. This evening I have an important Committee meeting to go to as Secretary, so I will bid you farewell until tomorrow. Make sure that the committee does not base their actions on suspicions, there's a good chap! |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
No 3 looks like someone assuming that's the reason. Without any references to that statement.... Of course, once the Cyprus banks take 10% of this supposed laundered money, under the direction of the ECB, then the remainder in these accounts now become legal...small price to pay I'd say. How many other ECM countries banks have accounts holding suspected laundered money...every one of them !!! So what has the ECB done about these dodgy accounts previously, NOTHING, and why? because this money was helping to support the ailing banks around Europe. Cyprus has been picked on unfairly by Brussels here as no other ailing ECM country that has been bailed out suffered under the same draconian measure. It's sequestration, full in the face, of the public's savings and since the ECM can not devalue the Cyprus Euro they have devalued the Cyprian's spending power by around 10% in stead. What the hell is Cyprus doing anyway being part of the ECM....it's economy is just not strong enough. Is this the end of the beginning for the ECM or the beginning of the end of it...well, It's the latter. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
It's the end Nick & about damned time! I'm just wondering who's next? |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
It's the end Nick & about damned time! I'm just wondering who's next? No one, they daren't pull this trick a second time especially against a bigger country like Spain, Italy or Portugal. They might fancy trying it on Ireland if they were to get in to trouble again but I suspect Brussels HQ will have it's windows blown out within a fortnight??? The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
Well Sir Humphrey ran out out with his tail between his legs failing to realise that "International Politics" has finally destroyed what little trust people had in banks. So if this isn't nipped in the bud PDQ, it looks like your remarks on a "Depression" will ring true. Personally I didn't think it would get that low...but now......... ...If it happens, its going to be more brutal than that of the '30s! |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
Well Sir Humphrey ran out out with his tail between his legs failing to realise that "International Politics" has finally destroyed what little trust people had in banks. Certainly will be more brutal than the 20's Sirius primarily because it will be both Public & Private sector debt lead. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
Well I'm hoping that when these "unmentionables" go, the EU goes with them............. Von Rompuy & Ashton to step down |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
Well I'm hoping that when these "unmentionables" go, the EU goes with them............. They will be replaced by two more puppets, so the Muppet show rolls on for a bit longer. But as we know, like any show, the format can only run for so long before it runs out of fans and supporters. I suspect it will all finally come to an end once the money runs out. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
Regardless of what many say, money laundering is occurring in every country, it's fact of modern society. There's a dangerous precedent being set up that can come back to haunt us all.... "There are also perfectly legitimate reasons for a Russian company to want to set up in Cyprus; the 10% corporate tax rate, as well as Russia's tax treaty with Cyprus which means a firm will not be taxed in both places. "Russian business takes great advantage of the low corporate tax rate and favourable tax rates for profit and dividends in Cyprus. But that is also true of western companies wanting to set up in Russia," said Andrey Goltsblat from the Moscow-based law firm Goltsblat BLP." Unless the EU is reined in, it will get to the point where the issues experienced here with the press will be nothing but a sideshow compared to what will happen! |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
One issue arisen from the Cyprus debacle is that mistakes were made..... ..now the question is...who made them & what will be done to rectify them? Cyprus considers 0 tax on smaller savers Damage limitation Who messed up? |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
Cartoon of the year..... |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
Regardless of what many say, money laundering is occurring in every country, it's fact of modern society. With all this in mind then it seems pretty pointless Cyprus being part of the ECM. Especially now that it appears that Russia is going to bail them out financially, though at a cost of the rights to their oil & gas fields. So a smart move by Russia and a poor move by the ECB...the ECB has been userped and to think they wont to tell the UK how to run/regulate it's banking sector...they've got absolutely no idea...have they this ECB bunch of ramshackle lets play "Bankers". The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
This was widely predicted ..... ...and through the back door comes the Russians....with, "Loads-a-money" You could say that this is the first time an ECM member country has told Brussels, "To go and get stuffed"...time we told Brussels to do this over our banking sector. Shame on Cameron for he could have told Brussels to do that but he hasn't got the metal and it's now showing. Of course, none of the other two major political parties leaders have the metal either to stand up to Brussels. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
I would suggest that is a wrong conclusion Nick, the smart Russian money has already gone elsewhere. It's more likely to be Turkish troops through the back door ..... You can suggest this if you like Chris but I see no Turkish delight suddenly appearing in the shops in Cyprus...Goulash at the top of the menu in most Cyprus restaurants I see. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24879 Credit: 3,081,182 RAC: 7 |
Cyprus rescue breaks all the rules This has raised more questions than answers. With the 2 principles of banking broken, just what is left for one to have faith in the banks? |
rob smith Send message Joined: 7 Mar 03 Posts: 22204 Credit: 416,307,556 RAC: 380 |
I have to say the treatment of Cyprus and its population looks remarkably like bullying of one of the EU's smallest countries by a a group of substantially larger countries. OK, the Cypriot banks are in a horrendous mess, but there are no grounds for punishing the average Cypriot for the greed and avarice of a small group of greedy bankers. Yet again we see the bankers "getting away with it", while the ordinary people pay with their hard earned money. Bob Smith Member of Seti PIPPS (Pluto is a Planet Protest Society) Somewhere in the (un)known Universe? |
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