Cyprus-Forum.com

[GreekIslandGirl]

If it's a 90 days account, you give 90 days notice if you want to close your account, otherwise you lose 90 days interest. Same as always.

Stop scaremongering with bloggers' gambles.

But can I still draw out money to meet monthly demands and will there be a restriction on the amount i can withdraw each month?

They're just restructuring the banks - that doesn't mean all previous practices are changed. After a few months of blips, it will settle down. Happened when Laiki became Marfin in Greece.

It will be the huge investors they are trying to curb.

- Anyway, we need to wait to get details, and don't let people alarm you.

[Jerry]

Cypriot MP said on BBC last night that the legislation on restricting cash flows was passed so that the Central Bank could apply it as and when it was necessary. They appear to be saying "leave your deposits in our banks or we'll make you". A blanket ban on all capital flows would seize up the economy completely. With no new overseas funds being deposited in Cyprus I think that over the next few years and months the industry will shrink dramatically - which is what Merkel wants

[cyprusgrump]

Cypriot MP said on BBC last night that the legislation on restricting cash flows was passed so that the Central Bank could apply it as and when it was necessary. They appear to be saying "leave your deposits in our banks or we'll make you". A blanket ban on all capital flows would seize up the economy completely. With no new overseas funds being deposited in Cyprus I think that over the next few years and months the industry will shrink dramatically - which is what Merkel wants

Indeed, the queues at ATMs this week have shown them what will happen when the banks open if they don't restrict access to our cash...

If you limit cash people will stop eating out, restaurants will close, etc. It really is a ghastly nightmare...

And of course the UK has stopped pension payments to Cyprus - that will make a huge dent in the banks liquidity...

[Mikiko]

Money comes , goes and come back its not the end of the world as some think.

[GreekIslandGirl]

Money comes , goes and come back its not the end of the world as some think.

Bravo.

[Mikiko]

Money comes , goes and come back its not the end of the world as some think.

Bravo.

There are many of our politicians , they come on TV and scare the public we have been destroyed, its the end of Cyprus and they create more damage with a blame game and catastrophic scenarios , they forget that other countries suffered much more ie Japan hiroshima and atomic bomb.Japan is one country I respect for this.

[GreekIslandGirl]

Money comes , goes and come back its not the end of the world as some think.

Bravo.

There are many of our politicians , they come on TV and scare the public we have been destroyed, its the end of Cyprus and they create more damage with a blame game and catastrophic scenarios , they forget that other countries suffered much more ie Japan hiroshima and atomic bomb.Japan is one country I respect for this.

You're right. It's as if the Germans came and bombed our banks - razed them to the ground. But, they didn't destroy us and we can just start building everything up again. Each time, we get a little stronger.

[Get Real!]

Your banks are toast

I see there were some really clever ones in my absence giving you breaking news!

They must be really concerned about you!

[Jerry]

Money comes , goes and come back its not the end of the world as some think.

Bravo.

There are many of our politicians , they come on TV and scare the public we have been destroyed, its the end of Cyprus and they create more damage with a blame game and catastrophic scenarios , they forget that other countries suffered much more ie Japan hiroshima and atomic bomb.Japan is one country I respect for this.

After such wars wealthy countries willingly give to help repair broken economies, Germany after WW2 itself is an example of this. Unfortunately the Troika and in particular Germany are not prepared to show the same benevolent attitude towards Cyprus for political reasons because, as Lyndon Johnson put it, "Cyprus is a flea"

I'm sure Cyprus will survive but many bank workers will have to put away their suits and take the menial jobs that they expected poor Asians and Europeans to do. It could be lesson for the UK where hundreds of thousands of east Europeans enter the country and do jobs that our unemployed can't be bothered with because they get too much dole money.

[Sonnyboy]

If you limit cash people will stop eating out, restaurants will close, etc. It really is a ghastly nightmare...

Wonder what will happen to "the jewel in the crown" of Ayaia Napa? The season is fast approaching, and people need to make plans. Will the crisis affect the availability of cheap booze and rampant casual sex? We need an official statement, otherwise all the Boozy Brits will go to Mallia, Faliraki, Kavos, etc. and spend their Euros elsewhere!!