It isn't as simple as that

The alternative would be hitting taxpayers the whole amount. And a lot of the money comes from Russian money launderers who use Cypriot banks for that purpose (partly why Cypriot banks are so huge). It isn't obvious that taxpayers should bail them out.

Posted By: Tricky Hawes on March 16th 2013 at 16:14:18

Message Thread

For anyone interested in the EU IMF and such (General Chat) - phrankin, Mar 16, 15:55:28
- That is completely indefensible (General Chat) - King, Mar 16, 16:04:49
  - It isn't as simple as that (General Chat) - Tricky Hawes, Mar 16, 16:14:18
    - But they're taxpayers too (General Chat) - King, Mar 16, 16:25:22
    - If I had savings in an Italian / Greek / Spanish bank (General Chat) - phrankin, Mar 16, 16:17:29
- What does that mean exactly (n/m) (General Chat) - ghostof barry butler, Mar 16, 15:58:13
  - If you lived in cyprus and had ?30,000 in the bank, it would now be ?27,975 (n/m) (General Chat) - phrankin, Mar 16, 16:03:59
    - I guess the way forward for the people in Cyprus (General Chat) - ghostof barry butler, Mar 16, 16:13:29
      - This is bound to lead to a run on the banks of Italy etc surely? (n/m) (General Chat) - UtterlyHuckerby, Mar 16, 16:15:02
  - it's geek talk - some sort of computer code I reckon (n/m) (General Chat) - Jumbo1, Mar 16, 16:01:46
  - Cypriots can only draw 93% of their cash out of the bank (General Chat) - phrankin, Mar 16, 16:01:44
    - thats what happens to me when I dip into my overdraft, fucking bankers! (n/m) (General Chat) - Jumbo1, Mar 16, 16:02:45
- savers? you mean anyone with any money banked? (n/m) (General Chat) - UtterlyHuckerby, Mar 16, 15:56:59

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.