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Savers for Popular Bank of Cyprus (Laiki) just rape by troika
- Thread starter singveld
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Can you trust PxP affliated, related & connected organization?? one day, all the contents of your box, will be converted to long term BONDS, 30 years at 4%
Singapore can print money; unlike Cyprus whom are trapped under EU jail cell.
But I am worry........ have you ever wonder who own MAS?
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Spain and Italy owe Euro 1 trillion each.
Why cant Germany past a bit to Cyprus.
I think Germany is trying to break up EU and form a stronger Union with stronger Europe countries like Finland.
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you know what is the moral of the story?
Dun ask for money from germany during election year.
if they asked the money last year they would not have to suffer the total collapse of their banking system, but last year they had a communist government. Their bank is 8 times the size of the GDP of the country. What happen if it disappear in months? What happen to the country.
Dun ask for money from germany during election year.
if they asked the money last year they would not have to suffer the total collapse of their banking system, but last year they had a communist government. Their bank is 8 times the size of the GDP of the country. What happen if it disappear in months? What happen to the country.
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also 100 000 euro in the bank are not rich people
do you know the cost of living in europe.
if you have 100 000 euro, you are not rich. now the bank want to cut 25%-40% of 100 000 euro?
everyone want the european dream, all these countries want to join EU.
it is like winning the lottery, you are shower with money, then they go find new poor member, and they dump you, stop giving money, in the end you end up worse, like those lottery winners who lost everything.
do you know the cost of living in europe.
if you have 100 000 euro, you are not rich. now the bank want to cut 25%-40% of 100 000 euro?
everyone want the european dream, all these countries want to join EU.
it is like winning the lottery, you are shower with money, then they go find new poor member, and they dump you, stop giving money, in the end you end up worse, like those lottery winners who lost everything.
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When the shit hits the fan, your safe box deposits will be confiscated.
Best to have no money and keep in your house with a super safe filled with gold. Defend the house with guns knives and bombs.
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was tivoli implicated also ?
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Bro, Certis Cisco also not safe. Remember sometime ago, several people report missing jewelries from their boxes.
Keep under the bed safer.
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WHY CYPRUS IS BROKE?
RUSSIAN BLACK MONEY
Cyprus is broke. Its banks carry on their books €152 billion in decomposing assets, about 8.5 times the country’s GDP of €17.8 billion. Of these “assets,” €23 billion are nonperforming—130% of GDP! The banks also sit on €26 billion in Russian “black money,” according to a “secret” report by the German version of the CIA, the Bundesnachrichtendienst (BND)
Sergei Magnitsky uncovered Russia-to-Cyprus money laundering, and look what happened to him
http://business.financialpost.com/2...ney-laundering-and-look-what-happened-to-him/
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If the guy who uncover the money laundering was killed, what will happen to cyprus if they take 40% of the mafia money?
WHY CYPRUS IS BROKE?
Sergei Magnitsky uncovered Russia-to-Cyprus money laundering, and look what happened to him
http://business.financialpost.com/2...ney-laundering-and-look-what-happened-to-him/
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Russian expat invasion of Cyprus also has sinister overtones
A mysterious Russian cargo ship limped into the Cypriot port of Limassol, this month, forced to seek shelter from a violent storm.
Hidden on board the MS Chariot were four containers packed with 60 tonnes of ammunition for AK-47s and for rocket launchers. The shipment had come from Moscow's state arms company, Rosoboronexport; its shadowy purchaser was none other than the Syrian government.
Cyprus, an EU member since 2004, was supposed to seize the cargo. The weapons flagrantly breached the EU's strict embargo on military supplies to the Syrian regime, which since last year has been violently engaged in shooting and killing its own citizens and anti-regime protesters.
Instead, Cypriot officials allowed the ship to leave after receiving vague assurances it would alter its route. The captain refuelled, left and then set a brisk course for the Syrian port of Tartus, where he delivered his dubious cargo.
Critics say the murky episode is further evidence of Cyprus's unwillingness to displease – and "embarrassing subservience" to – Moscow. The case is reminiscent of when a Cypriot court in 2010 bailed Christopher Metsos – the alleged leader of a bungling Russian spy ring exposed in the US that included the glamorous Anna Chapman. Metsos promptly escaped.
Cyprus's reluctance to offend Vladimir Putin is understandable. The Kremlin has pledged – but not yet handed over – a ¤2.5bn (£2.1bn) loan to bail out Cyprus's economy. Russia has also been a staunch supporter of Cyprus in the UN security council, and an opponent of the unrecognised Ankara-backed Turkish Cypriot "state" in the divided island's north.
So many Russians now live in Limassol, an attractive port with an old city and crusader castle, that the resort has been dubbed "Limassolgrad". There is a Russian-language newspaper, two Russian schools and a radio station. On Sundays Russians flock to Debenhams; the resort's tourist strip features stores selling fur coats, kefir – a sour Russian yoghurt drink, and Baltika, Russia's popular beer.
And then there are Limassol's teeming bars and clubs. There is a seamy eastern dimension, with Ukrainian, Belarussian and Moldovan prostitutes working the beachside drinking spots.
Cyprus's Russian-speaking population is put at 35,000-40,000. It includes many "Pontian" Russians of Greek descent, who grew up in the Soviet Union and migrated here in the 1990s from the Black Sea region.
"Limassol is a part of the Russian Federation," said Artyom, a 25-year-old waiter in the Taras Bulba restaurant, named after the novelist Nikolai Gogol's Cossack hero. Nearby a group of Russian women were celebrating. Why did so many Russians come here? "First, taxes are low. Second, it's easy for Russians to get a visa," he explained.
Natalia Kardash, the editor-in-chief of the Russian weekly Vestnik Kipra, said: "Cyprus is very comfortable. Put yourself in the position of a Russian businessman who wants to work here. He brings his family. His wife can go shopping. She doesn't need to know English. Everyone speaks Russian. There are dozens of Russian hair salons and nail parlours."
She added: "Cyprus has always lived with foreigners. They don't treat foreigners here like foreigners. Russians feel very welcome. Even the mayor of Limassol speaks our language. In eastern Europe they don't like Russians very much – although they do like our money."
Indeed, vast amounts of Russian money are stashed offshore in Cyprus. More than 25% of bank deposits and about one-third of foreign investments come from Russia.
Typically, Russian investors create "brass-plate" companies to take advantage of Cyprus's low 10% corporate tax rate. Many of these funds are reinvested back in Russia – ¤1.4bn in 2008 – avoiding Russian tax. The Cypriot authorities angrily deny that the island is a haven for money laundering. They also point out that Russians invest more cash in Austria and the UK.
But many analysts are sceptical: "We are talking about Russian money laundered through Cyprus. The Russian mafia uses Cyprus extensively," said Hubert Faustmann, associate professor of European studies at Nicosia University. "This is why Russia has no interest in Cyprus going down economically."
The hills above Limassol are home to numerous luxury villas with stunning sea views. Many of these are Russian-owned, and bought via opaque offshore investment vehicles. Others belong to wealthy Cypriots. Locals complain that the influx of Russian cash has driven prices up. The architecture is often classically naff; many villas are empty for much of the year.
Ordinary Russians living in Cyprus say that the island offers what Russia does not: protection from rampant bureaucratic corruption. They also point out that most Russians resident on the island are not gangsters.
Life in sunny Cyprus, they add, is preferable to life in Putin's chilly kleptocratic Russia, where there is little security and no legal protection or redress.
Cyprus's foreign minister, meanwhile, denies that the country has become, in effect, an offshore colony of Russia. Erato Kozakou-Marcoullis said that Cyprus had had a close strategic partnership with Moscow dating back to Soviet times, based on a shared Orthodox faith and a cold war history of non-alignment under Archbishop Makarios, who led Cyprus in the 1970s.
Cyprus's president, Demetris Christofias, heads the communist Akel party. He was educated in Soviet Moscow and is a fluent Russian speaker. WikiLeaks cables written by US diplomats capture him displaying a "passion for Nato-bashing"; he proudly described himself during a nostalgia-fuelled 2008 visit to Moscow as "Europe's red sheep".
Of Russia's Cyprus bailout, Kozakou-Marcoullis said: "It was a good loan on good terms. We will pay back every rouble. We are grateful." She added: "Russia has always been supportive of our independence, sovereignty and territorial integrity."
Britain's support for Turkey's EU accession, by contrast, makes it a more problematic ally, despite the presence on the island of two British military bases, at Akrotiri and Dhekelia.
Russia's spy agencies are also believed to be active in Cyprus, which is of strategic importance because of its proximity to the Middle East, an area of traditional influence by Moscow. The MS Chariot is not an isolated example of weapons-smuggling. Russia is involved in running a huge weapons trade via Cyprus to the countries of the Middle East, particularly to Syria, Lebanon, Iran and Iran – and even to China and India, some Russian sources allege.
Not surprisingly, some wonder whether Cyprus's reliance on Moscow has overstepped the boundaries of propriety. Writing in Cyprus's Sunday Mail, the anonymous columnist Patroclos complained that officials didn't bother to check the contents of the MS Chariot "lest our Russian masters took offence".
The columnist said that the official excuse – that the containers were "too narrow" for inspection was frankly laughable. "Do we expect anyone to believe these pathetically lame excuses which are of the type used by schoolkids who do not do their homework?"
He added: "I thought it was only other countries that put their interests above international legality, conventional obligations and principles."
A mysterious Russian cargo ship limped into the Cypriot port of Limassol, this month, forced to seek shelter from a violent storm.
Hidden on board the MS Chariot were four containers packed with 60 tonnes of ammunition for AK-47s and for rocket launchers. The shipment had come from Moscow's state arms company, Rosoboronexport; its shadowy purchaser was none other than the Syrian government.
Cyprus, an EU member since 2004, was supposed to seize the cargo. The weapons flagrantly breached the EU's strict embargo on military supplies to the Syrian regime, which since last year has been violently engaged in shooting and killing its own citizens and anti-regime protesters.
Instead, Cypriot officials allowed the ship to leave after receiving vague assurances it would alter its route. The captain refuelled, left and then set a brisk course for the Syrian port of Tartus, where he delivered his dubious cargo.
Critics say the murky episode is further evidence of Cyprus's unwillingness to displease – and "embarrassing subservience" to – Moscow. The case is reminiscent of when a Cypriot court in 2010 bailed Christopher Metsos – the alleged leader of a bungling Russian spy ring exposed in the US that included the glamorous Anna Chapman. Metsos promptly escaped.
Cyprus's reluctance to offend Vladimir Putin is understandable. The Kremlin has pledged – but not yet handed over – a ¤2.5bn (£2.1bn) loan to bail out Cyprus's economy. Russia has also been a staunch supporter of Cyprus in the UN security council, and an opponent of the unrecognised Ankara-backed Turkish Cypriot "state" in the divided island's north.
So many Russians now live in Limassol, an attractive port with an old city and crusader castle, that the resort has been dubbed "Limassolgrad". There is a Russian-language newspaper, two Russian schools and a radio station. On Sundays Russians flock to Debenhams; the resort's tourist strip features stores selling fur coats, kefir – a sour Russian yoghurt drink, and Baltika, Russia's popular beer.
And then there are Limassol's teeming bars and clubs. There is a seamy eastern dimension, with Ukrainian, Belarussian and Moldovan prostitutes working the beachside drinking spots.
Cyprus's Russian-speaking population is put at 35,000-40,000. It includes many "Pontian" Russians of Greek descent, who grew up in the Soviet Union and migrated here in the 1990s from the Black Sea region.
"Limassol is a part of the Russian Federation," said Artyom, a 25-year-old waiter in the Taras Bulba restaurant, named after the novelist Nikolai Gogol's Cossack hero. Nearby a group of Russian women were celebrating. Why did so many Russians come here? "First, taxes are low. Second, it's easy for Russians to get a visa," he explained.
Natalia Kardash, the editor-in-chief of the Russian weekly Vestnik Kipra, said: "Cyprus is very comfortable. Put yourself in the position of a Russian businessman who wants to work here. He brings his family. His wife can go shopping. She doesn't need to know English. Everyone speaks Russian. There are dozens of Russian hair salons and nail parlours."
She added: "Cyprus has always lived with foreigners. They don't treat foreigners here like foreigners. Russians feel very welcome. Even the mayor of Limassol speaks our language. In eastern Europe they don't like Russians very much – although they do like our money."
Indeed, vast amounts of Russian money are stashed offshore in Cyprus. More than 25% of bank deposits and about one-third of foreign investments come from Russia.
Typically, Russian investors create "brass-plate" companies to take advantage of Cyprus's low 10% corporate tax rate. Many of these funds are reinvested back in Russia – ¤1.4bn in 2008 – avoiding Russian tax. The Cypriot authorities angrily deny that the island is a haven for money laundering. They also point out that Russians invest more cash in Austria and the UK.
But many analysts are sceptical: "We are talking about Russian money laundered through Cyprus. The Russian mafia uses Cyprus extensively," said Hubert Faustmann, associate professor of European studies at Nicosia University. "This is why Russia has no interest in Cyprus going down economically."
The hills above Limassol are home to numerous luxury villas with stunning sea views. Many of these are Russian-owned, and bought via opaque offshore investment vehicles. Others belong to wealthy Cypriots. Locals complain that the influx of Russian cash has driven prices up. The architecture is often classically naff; many villas are empty for much of the year.
Ordinary Russians living in Cyprus say that the island offers what Russia does not: protection from rampant bureaucratic corruption. They also point out that most Russians resident on the island are not gangsters.
Life in sunny Cyprus, they add, is preferable to life in Putin's chilly kleptocratic Russia, where there is little security and no legal protection or redress.
Cyprus's foreign minister, meanwhile, denies that the country has become, in effect, an offshore colony of Russia. Erato Kozakou-Marcoullis said that Cyprus had had a close strategic partnership with Moscow dating back to Soviet times, based on a shared Orthodox faith and a cold war history of non-alignment under Archbishop Makarios, who led Cyprus in the 1970s.
Cyprus's president, Demetris Christofias, heads the communist Akel party. He was educated in Soviet Moscow and is a fluent Russian speaker. WikiLeaks cables written by US diplomats capture him displaying a "passion for Nato-bashing"; he proudly described himself during a nostalgia-fuelled 2008 visit to Moscow as "Europe's red sheep".
Of Russia's Cyprus bailout, Kozakou-Marcoullis said: "It was a good loan on good terms. We will pay back every rouble. We are grateful." She added: "Russia has always been supportive of our independence, sovereignty and territorial integrity."
Britain's support for Turkey's EU accession, by contrast, makes it a more problematic ally, despite the presence on the island of two British military bases, at Akrotiri and Dhekelia.
Russia's spy agencies are also believed to be active in Cyprus, which is of strategic importance because of its proximity to the Middle East, an area of traditional influence by Moscow. The MS Chariot is not an isolated example of weapons-smuggling. Russia is involved in running a huge weapons trade via Cyprus to the countries of the Middle East, particularly to Syria, Lebanon, Iran and Iran – and even to China and India, some Russian sources allege.
Not surprisingly, some wonder whether Cyprus's reliance on Moscow has overstepped the boundaries of propriety. Writing in Cyprus's Sunday Mail, the anonymous columnist Patroclos complained that officials didn't bother to check the contents of the MS Chariot "lest our Russian masters took offence".
The columnist said that the official excuse – that the containers were "too narrow" for inspection was frankly laughable. "Do we expect anyone to believe these pathetically lame excuses which are of the type used by schoolkids who do not do their homework?"
He added: "I thought it was only other countries that put their interests above international legality, conventional obligations and principles."
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The mafia money is cleaned by Cypriot banks and then lent out to GREECE. Now, Greece is broke so how is the mafia going to be repaid. Citizens of Cyprus, German, EU and eventually, anyone worldwide who has savings in the banks will help the rich elites pay their bills.
Remember, there are many ways to take savers' money, tax, steal or through inflation.
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do you think australian saver affected?
Australians are fucked! because the govt is giving "loans" to IMF and the troika so that these countries will give a seat to Australia in the UN Security Council. Bye-bye money.
Also, there are too many Greeks and Cypriots borned Aussie here. Mafia land. There are too many financial dealings by immigrants and their home countries.
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