- Prison Planet.com - http://www.prisonplanet.com -

Visualizing The Cypriot Deposit Confiscation

Posted By admin On April 3, 2013 @ 4:57 am In Money Watch | Comments Disabled

Zero Hedge [1]
April 3, 2013

From ‘why Cyprus could not bail out its banks’ to its failed financing needs and the road to confiscation, Demonocracy provides the ‘everything you wanted to know about Cyprus’ infograph ‘but were afraid to read’.

Via Demonocracy, [2]

The big depositors will get hit harder than expected [3], because a lot of money left the banks right before the banks went into lock-down.

Cyprus’ Banks are the first during the last 147 banking crises [4] that will not get a single Euro from EU to bail out the banks. Greek branches of Cyprus banks had €15 Billion in deposits, they were sold last minute to another bank [4], by so they will not be included in sharing the losses- obviously suspicious.Some people are offering depositors to get their money out of Cyprus for a 20% fee [5]. Cyprus officials are throwing around slogans such as “time for responsibility [6]‘ (to pay up) just to turn around a week later and oppose it.

With the lack of backbone, the next political move is rather unpredictable. EU officials say Cyprus is a unique case, but EU has many countries with over-sized banking sectors [7].

The crash of Cyprus financial sector and government bailout sentences Cyprus to a long period of recession and debt [8]. The list of demands by EU to Cyprus for accepting the €10 billion bailout includes things such as freeze on pensions, massive tax increase on just about everything and more taxes [9].

For America: Bernanke Fails to Answer Concerns about a Cyprus-Style Seizure of American Bank Deposits [10]

 

Visualizing The Cypriot Deposit Confiscation 20130402 cyprus [2]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/visualizing-the-cypriot-deposit-confiscation.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-04-02/visualizing-cypriot-deposit-confiscation

[2] Via Demonocracy,: http://demonocracy.info/infographics/eu/cyprus_crisis/cyprus_crisis.html

[3] get hit harder than expected: http://articles.chicagotribune.com/2013-03-29/news/sns-rt-us-cyprus-parliamentbre92g03i-20130317_1_laiki-bank-cyprus-popular-bank-depositors

[4] first during the last 147 banking crises: http://www.zerohedge.com/news/2013-03-31/guest-post-how-big-bailout-cyprus-hint-trick-question

[5] Some people are offering depositors to get their money out of Cyprus for a 20% fee: http://www.zerohedge.com/news/2013-03-31/new-cyprus-business-model-20-fee-move-millions-offshore

[6] time for responsibility: http://www.zerohedge.com/news/2013-03-31/cyprus-parliament-president-says-no-future-under-troika-calls-iceland-solution

[7] EU has many countries with over-sized banking sectors: http://demonocracy.info/infographics/eu/cyprus_crisis/www.zerohedge.com/news/2013-03-30/isnt-cyprus-unique

[8] sentences Cyprus to a long period of recession and debt: http://www.zerohedge.com/news/2013-04-01/tragic-cyprus-contagion-cripple-1600-greek-businesses

[9] freeze on pensions, massive tax increase on just about everything and more taxes: http://www.zerohedge.com/news/2013-04-01/cyprus-pain-only-just-starting

[10] Bernanke Fails to Answer Concerns about a Cyprus-Style Seizure of American Bank Deposits: http://demonocracy.info/infographics/eu/cyprus_crisis/www.zerohedge.com/contributed/2013-03-21/bernanke-fails-answer-concerns-about-cyprus-style-seizure-american-bank-depos

[11] IT’S OFFICIAL: Banks In Europe May Now Seize Deposits To Cover Their Gambling Losses: http://www.prisonplanet.com/its-official-banks-in-europe-may-now-seize-deposits-to-cover-their-gambling-losses.html

[12] Cyprus may raise deposit levy to 12.5% for large accounts – report: http://www.prisonplanet.com/cyprus-may-raise-deposit-levy-to-12-5-for-large-accounts-%e2%80%93-report.html

[13] Land Of The Rising Bail In: Deposit Confiscation Coming To Japan Next: http://www.prisonplanet.com/land-of-the-rising-bail-in-deposit-confiscation-coming-to-japan-next.html

[14] Putin describes Cyprus deposit levy as ‘dangerous’: http://www.prisonplanet.com/putin-describes-cyprus-deposit-levy-as-dangerous.html

[15] Bank of Cyprus depositors could lose up to 60% of their savings: http://www.prisonplanet.com/bank-of-cyprus-depositors-could-lose-up-to-60-of-their-savings.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.