Cyprus-Forum.com

[CBBB]

Quite frankly, my kids could afford to lose 12 million if I had millions more....

You are buying the beers next time we meet!

[supporttheunderdog]

there was a lot of gossip in the few weks leading up to the debacle and anyone who moved their money can with the benefit of hindsight probably describe how they cast the rune stones or looked at sheep entrails, saw the auspices for Cyprus *anking was bad and decided to get their cash out.

In the meantime - and this source of information is almost as good as Svetlana's gardner- in the is case the Wife's clippie - I heard that on Friday our beloved deputies are going to vote us out of the Euro back to the pound... passed on as is, where is, without guarantee or responsibility for accuracy....

[petros_produce]

I agree with Paphitis. Cyprus needs to diversify its economic activity

[GreekIslandGirl]

Nobody pulled money out of the Cypriot banks prior to the haircuts/restructuring, except some "core" Eurozone banks:

http://www.oftwominds.com/blogapr13/Cyp ... e4-13.html

[GreekIslandGirl]

there was a lot of gossip in the few weks leading up to the debacle and anyone who moved their money can with the benefit of hindsight probably describe how they cast the rune stones or looked at sheep entrails, saw the auspices for Cyprus *anking was bad and decided to get their cash out.

In the meantime - and this source of information is almost as good as Svetlana's gardner- in the is case the Wife's clippie - I heard that on Friday our beloved deputies are going to vote us out of the Euro back to the pound... passed on as is, where is, without guarantee or responsibility for accuracy....

Stop spreading rumours. There's no way anyone is giving up the Euro. It's going from strenght to strength:

Sterling has fallen about 6pc against the dollar since the start of the year, and 5pc versus the euro.

Telegraph today

[Paphitis]

Politicians are not above the law. Now it doesn't really matter what we know about the outflow of their money from Cyprus because it is irrelevant! It is what can be proven by prosecutors and I don't think any politician will admit to anything which means we can't prosecute!

They clearly are... and you agree that should be the case... and you confirm that you would do the same in their shoes....

No I do not agree that this should be the case.

Yes I would probably do the same if I was in their shoes. Still, it can't be proven that they had knowledge when they withdrew their money and they certainly won't admit to it which then means it is difficult to do anything about it.

I am a pragmatic realist CG, and I simply just tell it the way I feel it is with heart on sleeve.

I think most people would remove their money. It is just the way it is. It is Human Nature.

You said you would leave it which means your kids would disinherit 12 million.

If I had been elected to a position of power...

...and if I had top make difficult decisions for the benefit of the country... like a haircut on savings....

...then I would bloody well expect to suffer the same consequences as those that elected me....

It is not as if politicians live life on the breadline is it...?

Quite frankly, my kids could afford to lose 12 million if I had millions more....

What is difficult for you to understand?

Cypriot Politicians did leave their money in Cypriot Banks and I am sure that most of them would pay the levy.

But in some cases when dealing with 20 million as some reports say, then that is completely a different ball game. 12 million is really a lot of money.

I can't blame any Cypriot Politician from doing it, because I would probably do the same in the same position. We are not dealing with a deposit of 100,000 or 200,000 but 20 million as is alleged.

The only Cypriots that would have that kind of money in the Bank would be large business, the extremely wealthy or some filthy Russian criminals so I don't think they would weigh heavy in their hearts. Cypriot Pensioners and retirees would, but losing a few thousand is one thing and 12 million is quite another.

Nah! No way! I think I would remove the money even if I was President and accept the Political Cost.

[repulsewarrior]

...cynically speaking, i would let my money be taken along with the masses, becoming the hero, it would be easy to recoup the loss, given that politicians are in it together lining their pockets of course.

[Oceanside50]

RW, with the bureaucracy of Cyprus in such shambles due to neglect coupled with the crisis, what headway do you expect? Without serious reforms , not a thing will change.

[cyprusgrump]

What is difficult for you to understand?

Cypriot Politicians did leave their money in Cypriot Banks and I am sure that most of them would pay the levy.

But in some cases when dealing with 20 million as some reports say, then that is completely a different ball game. 12 million is really a lot of money.

I can't blame any Cypriot Politician from doing it, because I would probably do the same in the same position. We are not dealing with a deposit of 100,000 or 200,000 but 20 million as is alleged.

The only Cypriots that would have that kind of money in the Bank would be large business, the extremely wealthy or some filthy Russian criminals so I don't think they would weigh heavy in their hearts. Cypriot Pensioners and retirees would, but losing a few thousand is one thing and 12 million is quite another.

Nah! No way! I think I would remove the money even if I was President and accept the Political Cost.

Clearly, the bit that is difficult for you to understand is the bit about honesty and integrity!

[repulsewarrior]

...i wouldn't be so quick to dis Cyprus. only a few years ago, it was the EU that was saying that the Banks they are sinking (good or bad) today, were some of Europe's finest. the talents that serve international clients are still their, so too a Rule of Law that is Internationally held in high esteem. i don't doubt that some of the worst Civil Servants in the world exist in Cyprus, it is one of the marvels when you meet one of the best. i think you are getting at the meaning of normal not being with these extremes; something like Germany is going to impose with their austerity, where in a little while, on way or another we will be better from it. Cyprus has become a kind of a navel for the rest of the Financial world of which we are all affected. still, the benefits of it as a System we hope will hold, without seemingly another alternative. however, Laws like Entropy, and the process of evolution which necessarily implies a change, come to mind. ironically, it may be that Cyprus is well placed, given its roots and association to Communist thinking. what is after-all, what replaces Capitalism after the movements of Social-Democracy are expired to its complete exploitation?

...short term, casinos bring money, but with it dependendcies, medium term the youth with new thinking take their plaice at driving the economy, long term we focus on developing the ability to exploit the Gaz (and other natural resources) in a rational manner; a beginning i'd say.