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Cyprus banks shut until Tuesday amid scramble for Plan B
BBC News [UK], by Staff
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Original Article
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Posted By:Attercliffe, 3/20/2013 1:44:29 PM
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| Cypriot officials have said the country´s banks, which were closed to prevent mass withdrawals, will remain shut until at least Tuesday. On Wednesday afternoon the cabinet began an emergency meeting to discuss alternatives to an EU-IMF bailout deal rejected by parliament on Tuesday. Germany says banks in Cyprus may never reopen if a bailout is not agreed. [Snip] Reports say the government is considering imposing capital controls to prevent funds leaving Cyprus when banks are reopened. Monday 25 March is a scheduled bank holiday, and Thursday and Friday have also been declared bank holidays. The stock exchange also remains closed.
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Comments: Just wanted to be sure you saw the part that says, "Germany says banks in Cyprus may never reopen if a bailout is not agreed."
Beware precedents or even the possibility of a precedent like that one.
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Reply 1 - Posted by:
ida Lou Pino, 3/20/2013 1:52:38 PM (No. 9235230)
Plan B? Hmmm - - Plan B? What could that possibly be?
Maybe a free, market-based economy - - with government power limited to protecting lives and property - - and no confiscating money from one citizen and handing it to another?
Well - - ummm, no. No - - that would NEVER work.
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Reply 2 - Posted by:
mickturn, 3/20/2013 1:55:18 PM (No. 9235235)
Plan B: Remember citizens, it is NOT your money, we, the govt. just let you use it and now we want it back.
Have a nice day suckers!
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Reply 3 - Posted by:
Teleologicus, 3/20/2013 1:57:09 PM (No. 9235240)
Only a PhD economist, an Ivy League grad, or a career Democrat politician could think that a government grab of people´s bank accounts could result in anything besides financial chaos. The old saw about too much book larnin´ and not enough common sense applies here with a vengeance. What in the world did the bureaucrats who dreamed up this scheme think that ordinary people were going to do? Sit still and let their money be stolen from them without doing anything to hold on to it? Cyprus may be a nothing country in the eyes of many Americans - but a money grab like this has worldwide reverberations. Now people everywhere are starting to wonder even more if their deposits will be safe, wherever they are.
The people responsible for this fiasco really ought to be charged with a crime and prosecuted if there is something on the books to use against them. In any event they should be removed from positions of public authority and responsibility and never allowed to acquire them again. They are a menace to the financial and social stability of the entire world.
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Reply 4 - Posted by:
JonR, 3/20/2013 2:00:13 PM (No. 9235247)
It is time to recognize that the European Union is totally without ideas or direction on how to solve their financial mess. Perhaps this will serve as a wake-up call to all of us that a government big enough to give us everything we want is a government big enough to take everything away!
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Reply 5 - Posted by:
Nevadadad46, 3/20/2013 2:51:02 PM (No. 9235356)
Never re-open the banks? Would that mean the state (The EU) will just take everything rather than allow the citizens to run on the banks and get nothing anyway? What a lunatic mess they have created and now they have no way to clean it up.
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Reply 6 - Posted by:
glcinpdx, 3/20/2013 3:18:51 PM (No. 9235404)
This must be the part that Maggie Thatcher warned about....Socialists running out of other peoples money...
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Reply 7 - Posted by:
horacer, 3/20/2013 3:28:39 PM (No. 9235416)
Once the banks re-open they collapse. The run will be a stampede. Depositors all over Southern Europe are fools to leave their money in Banks.
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Reply 8 - Posted by:
wws, 3/20/2013 3:34:08 PM (No. 9235428)
I wonder when the geniuses in charge will figure out that the longer the banks stay closed, the more freaked out the depositors will get?
They have now guaranteed the financial collapse of Cyprus no matter what they do. Good job, guys.
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Reply 9 - Posted by:
provide, 3/20/2013 4:09:25 PM (No. 9235506)
Headline: "Cypriot Hookers Now Accept Livestock"
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Reply 10 - Posted by:
bob913, 3/20/2013 4:38:24 PM (No. 9235567)
The people will break into banks to open them!
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Reply 11 - Posted by:
Hammock, 3/20/2013 5:54:32 PM (No. 9235710)
Maybe the only hope for the Cypriots is to become a Russian sattelite - the EU can´t do anything for them, their major industry is international banking and their banks are more insolvent than the usual insolvent banks.
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Reply 12 - Posted by:
KTWO, 3/20/2013 6:26:06 PM (No. 9235749)
So do credit cards still work on Cyprus?
A perfect storm from overly complex and lazy governments. The EU, the ECB, the bank guarantee funds, and individual national governments are all involved.
And each has some independence but different goals.
After three years or so they have not solved anything for Greece or Spain or Italy. Ireland? Cyprus? Who is next?
The plan of the day? Penalize savers while confusing everyone and paralyze commerce by closing the banks.
The plan for everyday? Blame others.
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Below, you will find ...
Most Recent Articles posted by "Attercliffe"
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Most Active Articles (last 48 hours)
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Most Recent Articles posted by "Attercliffe"
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Former British prime minister Baroness Thatcher dies peacefully at the age of 87 after suffering a massive stroke
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Daily Mail [UK], by James Nye
Original Article
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Posted By: Attercliffe- 4/8/2013 8:55:39 AM
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Margaret Thatcher, the first female British Prime Minister who gained worldwide renown as the Iron Lady has died aged 87. Developing a formidable partnership with President Ronald Reagan during the 1980s, Mrs. Thatcher stood up to the ´Evil Empire´ of the Soviet Union, eventually witnessing its collapse. [Snip] Responding to her death, Buckingham Palace said, ´The Queen is sad to hear the news of the death of Baroness Thatcher and Her Majesty will be sending a private message of sympathy to the family, Buckingham Palace said today.´ British Prime Minster David Cameron said on hearing of her passing, ´It was
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Margaret Thatcher dies of stroke aged 87
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Telegraph [UK], by Gordon Raynor, Steven Swinford
Original Article
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Posted By: Attercliffe- 4/8/2013 8:46:23 AM
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Baroness Thatcher, Britain´s greatest post-war prime minister, has died at the age of 87 after suffering a stroke, her family has announced. Her son, Sir Mark, and daughter Carol confirmed that she died this morning. Lord Bell, her spokesman, said: "It is with great sadness that Mark and Carol Thatcher announced that their mother Baroness Thatcher died peacefully following a stroke this morning.A further statement will be made later." [Snip] She will go down in history not only as Britain´s first female prime minister, but as the woman who transformed Britain´s economy in addition to being a formidable rival
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An English class for trolls, professional offence-takers and climate activists
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Telegraph [UK], by James Delingpole
Original Article
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Posted By: Attercliffe- 4/7/2013 10:38:34 PM
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Should Michael Mann be given the electric chair for having concocted arguably the most risibly inept, misleading, cherry-picking, worthless and mendacious graph--the Hockey Stick--in the history of junk science? Should George Monbiot be hanged by the neck for his decade or so´s hysterical promulgation of the great climate change scam and other idiocies too numerous to mention? Should Tim Flannery be fed to the crocodiles for the role he has played in the fleecing of the Australian taxpayer and the diversion of scarce resources into pointless projects like all the eyewateringly expensive desalination plants built as a result of his
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Call illegals ‘irregulars’ says Eurocrat
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Daily Express [UK], by Staff
Original Article
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Posted By: Attercliffe- 4/6/2013 9:11:37 AM
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A senior Eurocrat sparked outrage last night after calling for the phrase “illegal immigrant” to be banned from the European Union.[Snip] She has instructed EU Commission staff to refer to foreigners who break border control laws as “irregular migrants” or simply “people” instead. But her attempt to dictate how the issue of immigration is discussed was savaged last night. UK Independence Party leader Nigel Farage said: “Now the EU is even trying to change the language. “This sounds like something straight out of the pages of George Orwell’s Animal Farm. It shows that what we are dealing with here
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Michael Philpott is a perfect parable for our age: His story shows the pervasiveness of evil born out of welfare dependency
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Daily Mail [UK], by A. N. Wilson
Original Article
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Posted By: Attercliffe- 4/6/2013 8:56:04 AM
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His house, his booze, his drugs, his women and his 17 children were paid for by a benefits system meant to be a safety net for the truly needy.[Snip] This was one of the most horrible crimes committed against children in Britain in recent years. It was cynical. It was calculating. And it was done out of malice in a ham-fisted plot which went wrong. The trial spoke volumes about the sheer nastiness of the individuals involved. But it also lifted the lid on the bleak and often grotesque world of the welfare benefit scroungers--of whom there are not dozens,
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The reef that regenerated: Researchers find corals in Northern Australia healed themselves in just 12 years
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Daily Mail [UK], by Mark Prigg
Original Article
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Posted By: Attercliffe- 4/6/2013 8:07:06 AM
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A coral reef in Northern Australia severely damaged by warming seas has managed to completely heal itself in just 12 years, stunned researchers have found. The team found that being left alone to breed on its own was key. The discovery raises hope that other damaged reefs could ´regenerate´. The new research shows that an isolated reef off the northwest coast of Australia that was severely damaged by a period of warming in 1998. It was hit by coral bleaching, caused by higher water temperatures that break down the coral´s symbiotic relationship with algae that provide food for coral growth.
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North Korea moves second missile as UN chief warns ´nuclear threat is not a game´
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Daily Express [UK], by Charlotte Meredith
Original Article
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Posted By: Attercliffe- 4/5/2013 5:36:43 AM
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North Korea has transported two more missiles to the east coast, Seoul military sources have revealed, triggering speculation that it is ready for an abrupt missile launch. North Korea has loaded two intermediate-range missiles onto mobile launchers and hidden them in an unidentified facility near the east coast, South Korea´s Yonhap news agency has said. "It has been confirmed that North Korea, early this week, transported two Musudan mid-range missiles by train to the east coast and loaded them on vehicles equipped with launch pads," Yonhap quoted the official as saying. The official said the mobile launchers had since
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Is North Korea really looking to start a war?
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Telegraph [UK], by Shashank Joshi
Original Article
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Posted By: Attercliffe- 4/4/2013 3:47:13 PM
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As the US and China grow increasingly involved, Kim Jong-un must be brought into line if war is not to be triggered by an act of recklessness. There are two schools of thought about what lies behind North Korea’s increasingly frenzied posturing. The first goes like this: the rhetoric emanating from Pyongyang--including calls to “break the waists of the crazy enemies [and] totally cut their windpipes”--is no worse than their decades-old ritualistic promises to turn South Korea into a “sea of fire”. What we are witnessing, according to this theory, is nothing more than an inexperienced leader
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Islamism is winning the cognitive war – thanks to manipulative and gullible journalists
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Telegraph [UK], by Richard Landes
Original Article
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Posted By: Attercliffe- 4/4/2013 3:43:17 PM
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Anyone who remembers the halcyon dreams of the 1990s, of civil society spreading the world over, heralding a new peaceful, global millennium, must marvel at the path the young 21st century has taken. Even those who paid attention to global Jihad before the millennium could not imagine how vulnerable the West would prove in the coming, wildly asymmetrical war. Those who, over the course of the last 13 years, have awakened to the ever-growing danger of Islamism and to the astonishing inability of decent people--Muslims and non-Muslims--to effectively oppose its aggressions, owe themselves a brief lesson in cognitive warfare, and
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Most Active Articles (last 48 hours)
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McCain: ´I don´t understand´ GOP filibuster on guns
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Politico, by Jennifer Epstein
Original Article
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Posted By: JoniTx- 4/7/2013 12:18:14 PM
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Sen. John McCain says he doesn´t understand the threats from some of his Republican colleagues to filibuster a bill on background checks to buy guns. "I don´t understand it," the Arizona Republican said on Sunday of the threat coming from Sen. Rand Paul,Sen. Ted Cruz, Sen. Mike Lee and nine other Republicans. "The purpose of the United States Senate is to debate and to vote and to let the people know where we stand.” "What are we afraid of? ... If this issue is as important as we all think it is, why not take ... it up and debate?"
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´My bangs are getting a little irritating´: Michelle Obama admits she already regrets her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
Original Article
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Posted By: pineledger- 4/7/2013 7:43:42 AM
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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Christians, here´s why we´re losing our religion
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Fox News, by Craig Groeschel
Original Article
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Posted By: STLstudent- 4/7/2013 5:13:55 PM
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Recent research indicates that the number of people who do not consider themselves a part of an organized religion is steadily on the rise. Interestingly enough, though the number of those religiously unaffiliated is increasing, there is little to no trend in the number of those who express atheist or agnostic beliefs. People aren’t saying they don’t believe in God. They’re saying they don’t believe in religion. They are not rejecting Christ. They are rejecting the church. This begs the question, “Why are we losing our religion?”
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Broadcasters worry about ´Zero TV´ homes
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Associated Press, by Ryan Nakashima
Original Article
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Posted By: Ribicon- 4/7/2013 2:43:40 PM
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Los Angeles — Some people have had it with TV. They´ve had enough of the 100-plus channel universe. They don´t like timing their lives around network show schedules. They´re tired of $100-plus monthly bills. A growing number of them have stopped paying for cable and satellite TV service, and don´t even use an antenna to get free signals over the air. (Snip) Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from
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Mother Of Slain Benghazi Officer To Sean Hannity: ‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Vanishing workforce weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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Former British prime minister Baroness Thatcher dies peacefully at the age of 87 after suffering a massive stroke
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Daily Mail [UK], by James Nye
Original Article
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Posted By: Attercliffe- 4/8/2013 8:55:39 AM
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Margaret Thatcher, the first female British Prime Minister who gained worldwide renown as the Iron Lady has died aged 87. Developing a formidable partnership with President Ronald Reagan during the 1980s, Mrs. Thatcher stood up to the ´Evil Empire´ of the Soviet Union, eventually witnessing its collapse. [Snip] Responding to her death, Buckingham Palace said, ´The Queen is sad to hear the news of the death of Baroness Thatcher and Her Majesty will be sending a private message of sympathy to the family, Buckingham Palace said today.´ British Prime Minster David Cameron said on hearing of her passing, ´It was
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Obama critic apologizes for his ´poorly chosen words´ on gay marriage
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The Hill [Washington DC], by Alexandra Jaffe
Original Article
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Posted By: JoniTx- 4/6/2013 12:18:19 PM
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Neurosurgeon Ben Carson, considered by some to be a potential Republican contender for president, apologized to Johns Hopkins University for the "poorly chosen words" he used in expressing his opposition to gay marriage last month.“I am sorry for any embarrassment this has caused,” Carson said in the letter, reported in New York Magazine.(Snip) "Although I do believe marriage is between a man and a woman, there are much less offensive ways to make that point. I hope all will look at a lifetime of service over some poorly chosen words.” Carson will remain as commencement speaker at Johns Hopkins,
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The Secrets of Princeton
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New York Times, by Ross Douthat
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Posted By: Oblio- 4/7/2013 8:08:09 AM
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Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
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Kim Jong-un Wants Phone Call from Obama - report
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Korea Broadcast Service, by Staff
Original Article
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Posted By: Desert Fox- 4/8/2013 6:56:50 AM
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North Korea’s young leader Kim Jong-un is waiting for United States President Barack Obama to make a phone call to Pyongyang to discuss easing tensions on the Korean peninsula, according to Russia’s news agency Itar-Tass. The report cited United Kingdom diplomats, saying Pyongyang was demanding the U.S. president personally call Kim Jong-un as one of the conditions to relieve the current conflict at hand. Itar-Tass also quoted the U.K.’s Sky News as saying North Korea currently has eight nuclear warheads.
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Is going gluten-free healthier for everybody?
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The Week, by Staff
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Posted By: NorthernDog- 4/7/2013 11:28:27 AM
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Gluten-free diets are all the rage, but they can be dangerous if not done right. What is gluten? It´s the spongy complex of proteins, found naturally in wheat, rye, and barley, that gives elasticity to dough and allows it to rise. When flour is moistened and either kneaded or mixed into dough, gluten molecules form an elastic, microscopic latticework that traps the carbon dioxide produced when yeast ferments, causing dough to inflate like a hot air balloon. Baking hardens the gluten, which helps the finished product keep its shape. Wheat — and gluten — is ubiquitous in the American diet.
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