Cyprus-Forum.com

[kurupetos]

... well, the Greeks have certainly made a lot of CYs Very Poor...!!!

...and tonight they will make some Brits very sad!

2-0 little Bill... G'nite!

[supporttheunderdog]

I understand one of major bit coin exchanges has been robbed of usd 350 million.

On Cyprus banking it is not yet back from the dead as it still has to resolve the massive domestic NPL issue, which has already dealt a major blow to the coop sector, and may still cause problems in the commercial banks. That has little to do with The Greek debt except froth are a manifestation of the lack of prudence in leading and investing by Cypriot bankers. Except for Marfin Laiki.

As for Laiki they had 4.4 billion in bonds and took a 3 billion loss what the bonds got hit. Bearing in mind it was under Greek ownership and control at material times, during in which it bought large amounts of Greek bonds later affected by the haircut, and made some very risky loans in Greece, the blame must be laid at the door of the Greek ownership.

[Get Real!]

I understand one of major bit coin exchanges has been robbed of usd 350 million.

On Cyprus banking it is not yet back from the dead as it still has to resolve the massive domestic NPL issue, which has already dealt a major blow to the coop sector, and may still cause problems in the commercial banks. That has little to do with The Greek debt except froth are a manifestation of the lack of prudence in leading and investing by Cypriot bankers. Except for Marfin Laiki.

As for Laiki they had 4.4 billion in bonds and took a 3 billion loss what the bonds got hit. Bearing in mind it was under Greek ownership and control at material times, during in which it bought large amounts of Greek bonds later affected by the haircut, and made some very risky loans in Greece, the blame must be laid at the door of the Greek ownership.

Mind you… had it gone the other way that guy would’ve been crowned a financial genius today!

[Paphitis]

Never forget, banks are JUST businesses

True.
But we chose them simply because they're GREEK banks/businesses.
We'll never take poison, unless it's Greek.

*WE* didn't choose anything (unless you are one of those bankers?).

[In your haste to politicize bankers' decisions, you appear to me to be a simpleton, also.]

They (bankers) are businessmen/women - they chose Greek bonds because there was the possibility of making a killing because the Greek people were kidnapped and forced to pay the highest interest rates.

"We" chose them because they were trading at great discounts offering greater yields. Since the haircut bond managers have returned performances of 100%~110% from 2012 -2013 purely from Greek debt.

Well, there you go!

Yes and these interest rates were available to other countries and Bankers in North America, Asia and Australia but they chose to stay away and stick to lower risk investments. They knew Greece was going down.

[Paphitis]

Never forget, banks are JUST businesses

True.
But we chose them simply because they're GREEK banks/businesses.
We'll never take poison, unless it's Greek.

*WE* didn't choose anything (unless you are one of those bankers?).

[In your haste to politicize bankers' decisions, you appear to me to be a simpleton, also.]

They (bankers) are businessmen/women - they chose Greek bonds because there was the possibility of making a killing because the Greek people were kidnapped and forced to pay the highest interest rates.

"We" chose them because they were trading at great discounts offering greater yields. Since the haircut bond managers have returned performances of 100%~110% from 2012 -2013 purely from Greek debt.

Ah but the question that has to answered is the point raised by Cap...

Given similar circumstances, rates of return, risks etc, did "we" buy 4 Billion Euros of, say, Irish or Spanish bonds...???

Because they are not Greeks Bill.

[bill cobbett]

... well, the Greeks have certainly made a lot of CYs Very Poor...!!!

...and tonight they will make some Brits very sad!

2-0 little Bill... G'nite!

Piss off...!!! You sad Greek Gits!

[Paphitis]

So what you are saying is that Cypriots are greedy bastards because Bankers from other countries would NOT touch Greek Bonds at all!

Anyone with old Bonds were looking to get rid of them but there were no buyers except for Cypriot Banks that is!

[Paphitis]

... well, the Greeks have certainly made a lot of CYs Very Poor...!!!

Really? Not the GC bankers who made the investments (made lots of money) and then got bailed out (and made even more money) ?

Cypriot Banks are bankrupt!

It doesn't look like they made any money but lost shit loads!

[bill cobbett]

"We" chose them because they were trading at great discounts offering greater yields. Since the haircut bond managers have returned performances of 100%~110% from 2012 -2013 purely from Greek debt.

Ah but the question that has to answered is the point raised by Cap...

Given similar circumstances, rates of return, risks etc, did "we" buy 4 Billion Euros of, say, Irish or Spanish bonds...???

Because they are not Greeks Bill.

Absolutely... and whilst the prudent money was getting out of Greek Bonds, the traitors at greek-run Laiki were throwing hard-earned CY money in to the bottomless Greek Pit.

... and leaving aside for a mo the massive personal problems this has caused CYs, there's the matter of the tremendous and perhaps irrecoverable damage it's done to the National Struggle.

[DT.]

There were 206bn Euros worth of Greek bonds that were involved in the PSI. I don't think Cypriot banks were the only ones left holding the parcel.