Cyprus-Forum.com

[Get Real!]

I am sure it is not true but my Financial Advisor (my gardener) has just told me Laiki Bank has 'gone under'...just another rumour I am sure

Bit of advice,get another gardener or financial adviser

I must seek his advice on my Love Life, it seems...

What love life?

[Tim Drayton]

Our banks are toast? Not really.
I have just been down to witness the opening of the two bank branches in our fairly heavily populated Limassol suburb of Agios Athanasios. At about five to twelve I estimated there were 35 people waiting in front of the Bank of Cyprus branch, and 25 in front of the Co-Op branch. There was a lot of heated chatter to be heard from the crowds. I witnessed the Bank of Cyprus open its doors, according to my watch bang on noon. There was no mad rush for the door; no jostling or fighting. Instead, I witnessed some people who were closer to the door stand back and beckon others to enter. Even if they were standing in a throng, they had obviously worked out who was first in line and were respecting that order. A single security staff member (or perhaps a policeman) was on duty at the door, and he admitted about 5-6 people then closed the door again. The policy was obviously only to admit a few people at a time. So, there we have it. No panic, no scuffles, and the banks are open again. No doubt if, in the whole of Cyprus, there is a fight in front of one single bank branch,the international media will pick on that event so as to sensationalise events. Well, I saw it with my own eyes.
Another point that I never saw made in the international media, with all its sensationalism, was that over the past week and a half, queues in front of ATMs (normally numbered in twos and threes, not the throngs of panic stricken people the international media would have us believe) were exceptionally orderly. People stood in line, leaving a bit of space between one another and patiently waited their turns. That must be a positive indicator that Cypriot politeness and decency has not been dented by this crisis.

[CBBB]

Our banks are toast? Not really.
I have just been down to witness the opening of the two bank branches in our fairly heavily populated Limassol suburb of Agios Athanasios. At about five to twelve I estimated there were 35 people waiting in front of the Bank of Cyprus branch, and 25 in front of the Co-Op branch. There was a lot of heated chatter to be heard from the crowds. I witnessed the Bank of Cyprus open its doors, according to my watch bang on noon. There was no mad rush for the door; no jostling or fighting. Instead, I witnessed some people who were closer to the door stand back and beckon others to enter. Even if they were standing in a throng, they had obviously worked out who was first in line and were respecting that order. A single security staff member (or perhaps a policeman) was on duty at the door, and he admitted about 5-6 people then closed the door again. The policy was obviously only to admit a few people at a time. So, there we have it. No panic, no scuffles, and the banks are open again. No doubt if, in the whole of Cyprus, there is a fight in front of one single bank branch,the international media will pick on that event so as to sensationalise events. Well, I saw it with my own eyes.
Another point that I never saw made in the international media, with all its sensationalism, was that over the past week and a half, queues in front of ATMs (normally numbered in twos and threes, not the throngs of panic stricken people the international media would have us believe) were exceptionally orderly. People stood in line, leaving a bit of space between one another and patiently waited their turns. That must be a positive indicator that Cypriot politeness and decency has not been dented by this crisis.

I can see a Co-op and a Laiki branch from my office in Mesa Geitonia, and the scene is exactly the same as you describe Tim.

[Tim Drayton]

Our banks are toast? Not really.
I have just been down to witness the opening of the two bank branches in our fairly heavily populated Limassol suburb of Agios Athanasios. At about five to twelve I estimated there were 35 people waiting in front of the Bank of Cyprus branch, and 25 in front of the Co-Op branch. There was a lot of heated chatter to be heard from the crowds. I witnessed the Bank of Cyprus open its doors, according to my watch bang on noon. There was no mad rush for the door; no jostling or fighting. Instead, I witnessed some people who were closer to the door stand back and beckon others to enter. Even if they were standing in a throng, they had obviously worked out who was first in line and were respecting that order. A single security staff member (or perhaps a policeman) was on duty at the door, and he admitted about 5-6 people then closed the door again. The policy was obviously only to admit a few people at a time. So, there we have it. No panic, no scuffles, and the banks are open again. No doubt if, in the whole of Cyprus, there is a fight in front of one single bank branch,the international media will pick on that event so as to sensationalise events. Well, I saw it with my own eyes.
Another point that I never saw made in the international media, with all its sensationalism, was that over the past week and a half, queues in front of ATMs (normally numbered in twos and threes, not the throngs of panic stricken people the international media would have us believe) were exceptionally orderly. People stood in line, leaving a bit of space between one another and patiently waited their turns. That must be a positive indicator that Cypriot politeness and decency has not been dented by this crisis.

I can see a Co-op and a Laiki branch from my office in Mesa Geitonia, and the scene is exactly the same as you describe Tim.

Excellent. I am curious to see how this will be reported by the international media.

[CBBB]

Our banks are toast? Not really.
I have just been down to witness the opening of the two bank branches in our fairly heavily populated Limassol suburb of Agios Athanasios. At about five to twelve I estimated there were 35 people waiting in front of the Bank of Cyprus branch, and 25 in front of the Co-Op branch. There was a lot of heated chatter to be heard from the crowds. I witnessed the Bank of Cyprus open its doors, according to my watch bang on noon. There was no mad rush for the door; no jostling or fighting. Instead, I witnessed some people who were closer to the door stand back and beckon others to enter. Even if they were standing in a throng, they had obviously worked out who was first in line and were respecting that order. A single security staff member (or perhaps a policeman) was on duty at the door, and he admitted about 5-6 people then closed the door again. The policy was obviously only to admit a few people at a time. So, there we have it. No panic, no scuffles, and the banks are open again. No doubt if, in the whole of Cyprus, there is a fight in front of one single bank branch,the international media will pick on that event so as to sensationalise events. Well, I saw it with my own eyes.
Another point that I never saw made in the international media, with all its sensationalism, was that over the past week and a half, queues in front of ATMs (normally numbered in twos and threes, not the throngs of panic stricken people the international media would have us believe) were exceptionally orderly. People stood in line, leaving a bit of space between one another and patiently waited their turns. That must be a positive indicator that Cypriot politeness and decency has not been dented by this crisis.

I can see a Co-op and a Laiki branch from my office in Mesa Geitonia, and the scene is exactly the same as you describe Tim.

Excellent. I am curious to see how this will be reported by the international media.

I am watching Sigma TV and the shots they are showing of Nicosia are just as peaceful.

[CBBB]

The are now no queues at all outside the two banks I can see.

[Cap]

Our banks are toast? Not really.
I have just been down to witness the opening of the two bank branches in our fairly heavily populated Limassol suburb of Agios Athanasios. At about five to twelve I estimated there were 35 people waiting in front of the Bank of Cyprus branch, and 25 in front of the Co-Op branch. There was a lot of heated chatter to be heard from the crowds. I witnessed the Bank of Cyprus open its doors, according to my watch bang on noon. There was no mad rush for the door; no jostling or fighting. Instead, I witnessed some people who were closer to the door stand back and beckon others to enter. Even if they were standing in a throng, they had obviously worked out who was first in line and were respecting that order. A single security staff member (or perhaps a policeman) was on duty at the door, and he admitted about 5-6 people then closed the door again. The policy was obviously only to admit a few people at a time. So, there we have it. No panic, no scuffles, and the banks are open again. No doubt if, in the whole of Cyprus, there is a fight in front of one single bank branch,the international media will pick on that event so as to sensationalise events. Well, I saw it with my own eyes.
Another point that I never saw made in the international media, with all its sensationalism, was that over the past week and a half, queues in front of ATMs (normally numbered in twos and threes, not the throngs of panic stricken people the international media would have us believe) were exceptionally orderly. People stood in line, leaving a bit of space between one another and patiently waited their turns. That must be a positive indicator that Cypriot politeness and decency has not been dented by this crisis.

Hit the nail on the head dude.
The foreign media made it out be Armageddon.

CYPRUS BANK RUN

What the foreign media said:



What really happened:

[Tim Drayton]

Our banks are toast? Not really.
I have just been down to witness the opening of the two bank branches in our fairly heavily populated Limassol suburb of Agios Athanasios. At about five to twelve I estimated there were 35 people waiting in front of the Bank of Cyprus branch, and 25 in front of the Co-Op branch. There was a lot of heated chatter to be heard from the crowds. I witnessed the Bank of Cyprus open its doors, according to my watch bang on noon. There was no mad rush for the door; no jostling or fighting. Instead, I witnessed some people who were closer to the door stand back and beckon others to enter. Even if they were standing in a throng, they had obviously worked out who was first in line and were respecting that order. A single security staff member (or perhaps a policeman) was on duty at the door, and he admitted about 5-6 people then closed the door again. The policy was obviously only to admit a few people at a time. So, there we have it. No panic, no scuffles, and the banks are open again. No doubt if, in the whole of Cyprus, there is a fight in front of one single bank branch,the international media will pick on that event so as to sensationalise events. Well, I saw it with my own eyes.
Another point that I never saw made in the international media, with all its sensationalism, was that over the past week and a half, queues in front of ATMs (normally numbered in twos and threes, not the throngs of panic stricken people the international media would have us believe) were exceptionally orderly. People stood in line, leaving a bit of space between one another and patiently waited their turns. That must be a positive indicator that Cypriot politeness and decency has not been dented by this crisis.

Hit the nail on the head dude.
The foreign media made it out be Armageddon.

CYPRUS BANK RUN

What the foreign media said:



What really happened:

Thanks. Study the bottom picture carefully.This is what I observed at ATMs everywhere - orderly queues, no shoving, no place jumping. A bliss to behold.

[Tim Drayton]

I have just been down to the local banks to look at the situation again. Nobody outside now; about six people in the queue inside at Bank of Cyprus and eight at the Co-Op, standing in line with the usual bored expression on their faces that one sees in such situations.
I noticed there was quite a high proportion of elderly people waiting outside the banks this morning. I saw one sad, very elderly sole sitting on the steps in front of the Co-Op bank at 9 this morning. Sadly, some older people are probably not used to bank cards and have never applied for them. Some of these people may have suffered with the banks closed and no access to their cash. However, nobody with plastic in their wallet has been severely inconvenienced over the past 12 days.
Let us hope the people who went to the banks were just those in need of some cash to meet their daily needs, or even that some of them were small traders desperate to bank their takings.There does not seem to be much sign of panic withdrawals going on.

[Viewpoint]

Of course as you have done to us in the past when we gave you first hand accounts we dont believe a word of what you say, most banks experienced a tension and verbal abuse how could you not when you lose 40%-60% of your money...reminds me of when the GCs used to try and ridicule us about the banks collapsing in the TRNC...karma is a bitch.