Thursday, March 21, 2013

Popular Bank to close? (BBC Rumour)

Just when you thought it was safe…

"Bailing out Cyprus was always going to be tricky. But it didn’t have to be like this". "The euro-zone economy is stagnant. Protest parties are gaining popularity. The euro was supposed to be the manifestation of a grand political project. It feels more like a loveless marriage, in which the cost of breaking up is the only thing keeping the partners together". (is this THE BIG Euro crisis?)

Posted by alan @ 06:02 PM (2127 views)
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6 thoughts on “Popular Bank to close? (BBC Rumour)

  • People need to realise what a complete Frankenstein monster the EU has become.

    Makes think of the Roman Empire, little difference.

    As this goes on, it will get worse.

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  • No such thing as a popular bank …

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  • Cyprus is yet another crack in the dyke. Inevitable is too small a word to describe the final outcome….a fracture of the Eurozone, a 2 or 3 tier Europe? There is not the political or financial will to prop up this failing experiment.

    I was once Europhile, it seemed sensible that after a nearly half a century of European wars that the EEC and then EU would give us peace and prosperity. Brown’s ‘no more boom and bust’ could have been a reality. But no… ‘they’ tried to take it too far. Monetary union without fiscal or true political union. Centralised government without a federal core. Housing speculation. Financial instead of real engineering. Now I see no future for our ineffectual European parliament, top-heavy bureaucracy, half baked legislation and directives that make European manufacturing uncompetitive (RoHS, REACH, WEEE, etc).

    We had our chance, and blew it!

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  • Eternal Sceptic says:

    On down the road I see anarchy, followed by martial law-Welcome to the brave new world. Of course fresh constraints on freedom of speech, especially on the internet are totally un-related’

    Quote from Sir Winston Churchill

    “You see these dictators on their pedestals, surrounded by the bayonets of their soldiers and the truncheons of their police. Yet in their hearts there is unspoken – unspeakable! – fear. They are afraid of words and thoughts! Words spoken abroad, thoughts stirring at home, all the more powerful because they are forbidden. These terrify them. A little mouse – a little tiny mouse! – of thought appears in the room, and even the mightiest potentates are thrown into panic.” .

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  • Eternal Sceptic says:

    Perhaps my previous post was a little cryptic.
    I ask a question: Do you believe the present financial turmoil is the result of chance, or engineered?

    For the former view take the red pill. Continue to graze on coronation street and cheap cans of lager and inhabit your cocoon of false constructed MSM reality.

    For the latter view take the red pill and continue to read:

    “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” – Woodrow Wilson, after signing the Federal Reserve into existence

    Beware the military/Industrial complex:- Dwight Eisenhower on leaving the presidency

    We are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence, on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, upon guerrillas by night instead of armies by day.

    It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.

    Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumour is printed, no secret is revealed. :- President Kennedy(shortly before he was shot)

    “I care not what puppet is placed on the throne of England to rule the Empire. The man who controls Britain’s money supply controls the British Empire and I control the British money supply.” – Nathan Rothschild

    Have a nice day!

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  • WSJ says “Cyprus, in an 11th-hour bid to unlock international aid, reopen the nation’s banking system and preserve membership in the euro, readied a plan that would restructure its second-largest lender (Laiki = popular) and enforce unprecedented restrictions on financial transactions.

    The proposals, if they take effect, would allow authorities to restrict noncash transactions, curtail check cashing, limit withdrawals and even convert checking accounts into fixed-term deposits (dangerous precendents) when banks reopen. They have been closed since March 16.

    Parliament is set to debate the measures later today. If Cyprus can’t pass them, it could find itself with little choice but to leave the euro zone—opening a Pandora’s box that could threaten Spain and Italy”.

    …….Meanwhile, cash is king in Cyprus. 😮

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