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Visualizing The Cypriot Deposit Confiscation
Posted By admin On April 3, 2013 @ 4:57 am In Money Watch | Comments Disabled
Zero Hedge 
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, 
The big depositors will get hit harder than expected , 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  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 , 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 . Cyprus officials are throwing around slogans such as “time for responsibility ‘ (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 .
The crash of Cyprus financial sector and government bailout sentences Cyprus to a long period of recession and debt . 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 .
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URLs in this post:
 Zero Hedge: http://www.zerohedge.com/news/2013-04-02/visualizing-cypriot-deposit-confiscation
 Via Demonocracy,: http://demonocracy.info/infographics/eu/cyprus_crisis/cyprus_crisis.html
 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
 first during the last 147 banking crises: http://www.zerohedge.com/news/2013-03-31/guest-post-how-big-bailout-cyprus-hint-trick-question
 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
 time for responsibility: http://www.zerohedge.com/news/2013-03-31/cyprus-parliament-president-says-no-future-under-troika-calls-iceland-solution
 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
 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
 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
 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
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