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FAO, CAIN: The Germans don't even TRY to hide it, anymore.

Started by The Good Reverend Roger, March 18, 2013, 08:19:46 PM

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Elder Iptuous

wait... so is it all current accounts that will be converted to time savings accounts? (CDs here in the states, i had to look that up)
and they are mandatory to renew as such upon maturity? just this once, or from now on?
wtf.  that's crazy.

Junkenstein

Either way, I'm sure more than a few folk will die in the meantime. I wonder who gets to hold on to the cash? Banks in the bset of times have been reluctant to release funds to beneficiaries.


It's also an interesting way to lock money in a country. I can't work out the benefit of that exactly though.
Nine naked Men just walking down the road will cause a heap of trouble for all concerned.

P3nT4gR4m

Quote from: Junkenstein on March 27, 2013, 02:11:26 PM
Either way, I'm sure more than a few folk will die in the meantime. I wonder who gets to hold on to the cash? Banks in the bset of times have been reluctant to release funds to beneficiaries.


It's also an interesting way to lock money in a country. I can't work out the benefit of that exactly though.

Triage?

I'm up to my arse in Brexit Numpties, but I want more.  Target-rich environments are the new sexy.
Not actually a meat product.
Ass-Kicking & Foot-Stomping Ancient Master of SHIT FUCK FUCK FUCK
Awful and Bent Behemothic Results of Last Night's Painful Squat.
High Altitude Haggis-Filled Sex Bucket From Beyond Time and Space.
Internet Monkey Person of Filthy and Immoral Pygmy-Porn Wart Contagion
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walking the fine line line between genius and batshit fucking crazy

"computation is a pattern in the spacetime arrangement of particles, and it's not the particles but the pattern that really matters! Matter doesn't matter." -- Max Tegmark

The Good Reverend Roger

Quote from: P3nT4gR4m on March 27, 2013, 09:07:38 PM
Quote from: Junkenstein on March 27, 2013, 02:11:26 PM
Either way, I'm sure more than a few folk will die in the meantime. I wonder who gets to hold on to the cash? Banks in the bset of times have been reluctant to release funds to beneficiaries.


It's also an interesting way to lock money in a country. I can't work out the benefit of that exactly though.

Triage?

Optimist.

It's peonage on a national scale.
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

P3nT4gR4m


I'm up to my arse in Brexit Numpties, but I want more.  Target-rich environments are the new sexy.
Not actually a meat product.
Ass-Kicking & Foot-Stomping Ancient Master of SHIT FUCK FUCK FUCK
Awful and Bent Behemothic Results of Last Night's Painful Squat.
High Altitude Haggis-Filled Sex Bucket From Beyond Time and Space.
Internet Monkey Person of Filthy and Immoral Pygmy-Porn Wart Contagion
Octomom Auxillary Heat Exchanger Repairman
walking the fine line line between genius and batshit fucking crazy

"computation is a pattern in the spacetime arrangement of particles, and it's not the particles but the pattern that really matters! Matter doesn't matter." -- Max Tegmark

The Good Reverend Roger

" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

Cain

Well well welll....

QuoteUnder conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.

The toughening of the terms will send a clear signal that the bailout means the end of Cyprus as a hub for offshore finance and could accelerate economic decline on the island and bring steeper job losses.

Officials had previously spoken of a loss to big depositors of 30 to 40 percent.

The Good Reverend Roger

Quote from: Cain on March 31, 2013, 02:16:31 PM
Well well welll....

QuoteUnder conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.

The toughening of the terms will send a clear signal that the bailout means the end of Cyprus as a hub for offshore finance and could accelerate economic decline on the island and bring steeper job losses.

Officials had previously spoken of a loss to big depositors of 30 to 40 percent.

Wow.

You Brits didn't happen to keep any of those Lancaster bombers handy, did you?  You might be needing them again.

We're due for a gigantic fucking war in Europe.  I called this 5 years ago, IIRC.
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

Cain

Yeah, but we need French permission to use our armed forces.  Since someone thought scrapping our only aircraft carrier would be a great idea.

The Good Reverend Roger

Quote from: Cain on April 01, 2013, 08:34:13 PM
Yeah, but we need French permission to use our armed forces.  Since someone thought scrapping our only aircraft carrier would be a great idea.

Carriers aren't really necessary in Europe, are they?  There's not enough ocean.

And I recall the last time you guys allowed those baguette eaters to run your army around.  Ended with Dunkirk, IIRC.
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

The Good Reverend Roger

I'm going to make a prediction, right now.

Within 90 days, either German troops, or troops at the beck & call of Germany, will be in Cyprus, protecting the Germans' investment.

Not invading, so much, at least not in WWII style1.  More as police with artillery.



1  Why annex it when you can just rape it?
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

Cain

Quote from: The Good Reverend Roger on April 01, 2013, 08:39:40 PM
Quote from: Cain on April 01, 2013, 08:34:13 PM
Yeah, but we need French permission to use our armed forces.  Since someone thought scrapping our only aircraft carrier would be a great idea.

Carriers aren't really necessary in Europe, are they?  There's not enough ocean.

And I recall the last time you guys allowed those baguette eaters to run your army around.  Ended with Dunkirk, IIRC.

Depending how badly we have to dive into the mothballed reserves, we might be.  I mean, there is a reason Prince William was able to do so well in that branch.  By their standard's, he's practically a rocket scientist, and by his standards, everyone else is a rocket scientist.  I don't rate the RAF lasting five minutes against anyone more competent than a former goat-herder turned jihadi...which they haven't exactly done too well against, either.  When shit gets real, the flyboys can't handle it.  And anyone who can has been sent to the Falklands, in case the Argentinians get another case of Teh Stoopid.

Roly Poly Oly-Garch

Quote from: Cain on March 31, 2013, 02:16:31 PM
Well well welll....

QuoteUnder conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.

The toughening of the terms will send a clear signal that the bailout means the end of Cyprus as a hub for offshore finance and could accelerate economic decline on the island and bring steeper job losses.

Officials had previously spoken of a loss to big depositors of 30 to 40 percent.

This only mentions the Bank of Cyprus. What about the other one? Laika?
Back to the fecal matter in the pool

Golden Applesauce

I still don't get how this benefits anybody overall. Is Cyprus really that frightening to the rest of the EU/Germany that they need to scare every European into pulling their money out of their bank? Feels more like a comic book supervillain plot than economic policy.

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Cain

And the band marched on:

QuoteCypriot politicians have reacted with fury to news that the crisis-hit country will be forced to find an extra €6bn (£5bn) to contribute to its own bailout, much of which is expected to come from savers at its struggling banks.

A leaked draft of the updated rescue plan, which emerged late on Wednesday night, revealed that the total bill for the bailout has risen to €23bn, from an original estimate of €17bn, less than a month after the deal was agreed – and the entire extra cost will be imposed on Nicosia.