Cyprus-Forum.com

[Kikapu]

Wheres the EU Kikapoo???? your great EU principles appear to causing a great number of the problems for the GCs.

A little knowledge can be very dangerous with you!

What does the EU Principles needed for a settlement in Cyprus has anything to do with the financial crises of the Euro, ECB and the IMF?

[sweetie pie]

How the ECB/EU is treating Cyprus is despicable.

All eurozone members should take note, if you're in trouble, you'll be screwd over by the ECB/EU, your national security is insignificant.

You think they'd treat France this way? Never. Germany? They'd change the rules. Cyprus? Let them hang, threaten them. That's the mentality.

But to any outside financial observer, the EU is negating on its regulations and promises. We're essentially back to multiple currencies, and betting on the strongest country.

To me, this is EU/eurozone defaulting, not Cyprus.

[i][b]The EU has never had any interest in Cyprus other than to expand its base of taxpayers...

Anybody that thinks/thought membership of the EU would in some way protect Cyprus from Turkey is completely mad...

The EU is ONLY interested in one thing - your cash...

As soon as the cash runs out you are finished....

[[i]

Am I wrong or haven't the EU poured millions into Cyprus over the last years to develop the infrastructure to enable it to become part of the EU? Seems to me that the one taking all is Cyprus. Most places where there is development on going there is a sign saying with EU money. So tell me what have the EU had in return? And as for expanding its base of taxpayers that's a laugh considering Cyprus itself cannot get Cypriots to admit that some of them earn more than 19,500 euros. (anything earned over that amount is taxed)

[repulsewarrior]

How the ECB/EU is treating Cyprus is despicable.

All eurozone members should take note, if you're in trouble, you'll be screwd over by the ECB/EU, your national security is insignificant.

You think they'd treat France this way? Never. Germany? They'd change the rules. Cyprus? Let them hang, threaten them. That's the mentality.

But to any outside financial observer, the EU is negating on its regulations and promises. We're essentially back to multiple currencies, and betting on the strongest country.

To me, this is EU/eurozone defaulting, not Cyprus.

...well said.

[sven]

I'm from Iceland and I speak from experience.

Your banks have absolutely no chance of surviving this. Once the pandora's box was opened it's all over.

The same happened in Iceland, and it took the banks a week to all go bust.

Economically, Cyprus is of no significance to the eurozone. It's the precedent that is the most dangerous. If Cyprus leaves the eurozone (or tax deposits) that creates a whole new ball game.

And it will not be long for the rest of the world.

http://www.rbnz.govt.nz/finstab/banking/5014272.pdf

The pdf is the Open Bank Resolution or OBR , Open Bank = OPEN WALLET

This is dated November 2012, they have been planning this, what is described below is exactly what has happened in Cyprus. This is from New Zealand and when you take into account what has been done in Cyprus, exactly as described in the document, means they are planning on doing this to all nations.It can't get anymore obvious.

3. To implement the OBR, it is necessary for banks to amend their internal systems to ensure
that the process is able to be completed before the start of the next business day. These
changes are referred to as pre-positioning for OBR. Once complete, the changes will mean
that banks will be able to close all their access channels (to stop you getting to your account, you will not be able to use debit or credit cards, ATM's etc) at short notice, calculate each
creditors position, freeze a proportion of unsecured creditors’ liabilities (Your deposit), and then re-open
channels to provide access to the unfrozen portion by 9am the following day.

[/quote]

[Demonax]

Am I wrong or haven't the EU poured millions into Cyprus over the last years to develop the infrastructure to enable it to become part of the EU? Seems to me that the one taking all is Cyprus. Most places where there is development on going there is a sign saying with EU money. So tell me what have the EU had in return? And as for expanding its base of taxpayers that's a laugh considering Cyprus itself cannot get Cypriots to admit that some of them earn more than 19,500 euros. (anything earned over that amount is taxed)

Some years, Cyprus has been a net contributor to the EU budget. Unlike some which are just net receivers.

http://www.eu-oplysningen.dk/euo_en/spsv/all/79/

[B0B]

err - according to that table in fact it has TAKEN more than it gives
some 250 million

[repulsewarrior]

Am I wrong or haven't the EU poured millions into Cyprus over the last years to develop the infrastructure to enable it to become part of the EU? Seems to me that the one taking all is Cyprus. Most places where there is development on going there is a sign saying with EU money. So tell me what have the EU had in return? And as for expanding its base of taxpayers that's a laugh considering Cyprus itself cannot get Cypriots to admit that some of them earn more than 19,500 euros. (anything earned over that amount is taxed)

Yes, you're wrong. Since 2004, Cyprus has been a net contributor to the EU budget. It has given more than it receives.

http://www.eu-oplysningen.dk/euo_en/spsv/all/79/

...take note, sweetie pie, the battle in Cyprus is a war, the rest of us are next. easy to dismiss a little island as a puny, corrupt, and lazy place, but look who is saying these untruths. indeed, in 1960 there was no drinking water infrastructure, or network of paved roads, they came far, these people, until '74, when 1/3 of the population was made homeless in less than two weeks, yet they bettered themselves, they became International leaders, in Maritime Trade, Tourism, Banking (although they are caught up in a crisis at the moment), and qualified for membership in 2004 on merit, like any other member. clearly this success over adversity is heroic, not lazy, and these people deserve the respect which seems lacking, with the harsh measures that come from a lack of 'confidence'.

[repulsewarrior]

err - according to that table in fact it has TAKEN more than it gives
some 250 million

i am surprised too, and disappointed because i too, it seems, have taken the facts for granted. however, the graph exposes a great deal more about the EU itself, and in this it is appreciated; thanks, BOB, i would not have looked at it otherwise.

[Demonax]

Here is a breakdown of the figures for 2010:

http://image.guardian.co.uk/sys-files/G ... _Money.pdf

Cyprus is not a big receiver of EU funds. In this particular year, there were 17 countries in the EU which received more funding overall than Cyprus.

[Demonax]

Here's an interesting graph for 2011 which explains how the transfer of funds works.

http://www.economist.com/blogs/charlema ... t-part-iii

Again, Cyprus is roughly in the middle. Lots of other countries get far more EU funding than Cyprus which receives almost as much as it contributes. The point is that it's a transfer mechanism from rich countries to poor ones. The big gainers are Poland, Greece, Hungary, Lithuania.