Any saver with over €100,000 will be hit with a 9.9% one-of levy and those below will be hit with a 6.75% levy...BBC News
Downright theft!
Downright theft!
+4
Topdog
Perfectspecimen
3rdforum
Campbell Brodie
8 posters
Cyprus government "steals" saver's money...
Campbell Brodie-
Posts : 59106
Join date : 2011-08-13
Age : 69
Location : Scotland
3rdforum-
Posts : 22953
Join date : 2011-08-30
Age : 54
Location : Ireland
Viva la revolucion!
Perfectspecimen-
Posts : 14451
Join date : 2011-08-15
Age : 70
Location : Cambs / Golf del Sur
I have a slightly different view on this,,,,,,,well feck me theres a surprise 
No, seriously, they are gonna take the money off people with SAVINGS. ie: Bods who have so much money they dont know how to spend it! Hmmmm, I could mention Russians who own 40% of said money but that might be construed as racist....Guess this, IMO refreshingly sensible plan, will probably go belly up....
No, seriously, they are gonna take the money off people with SAVINGS. ie: Bods who have so much money they dont know how to spend it! Hmmmm, I could mention Russians who own 40% of said money but that might be construed as racist....Guess this, IMO refreshingly sensible plan, will probably go belly up....
Topdog-
Posts : 21262
Join date : 2011-08-13
Age : 65
Location : England
If that was so Mince I would agree but the ones that should be taxed will have all the money illegally stashed, as they do in the UK.
People have massive mansions and have earned millions, they die and their estate is worth 123k, yeah right.
People have massive mansions and have earned millions, they die and their estate is worth 123k, yeah right.
3rdforum-
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Location : Ireland
I'd agree with Vince if it was just the oiligarchs and multi millionaires who got taxed but they are intending to tax everyone including those retired whose life savings are in these accounts. Also, a lot of Cypriots spend their lives saving to educate their kids ( no free educational system after 2nd level). Some of these people have taken loans out and put the money in their kids names to fund them over 4 years. This will get hit as well. ( also a load of ex-pats living there will have their savings taxed.
Adam Mint-
- Posts : 23101
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Age : 59
Just been on the radio, it don’t look like the vote is going to happen today, the politicians have all fallen out over the issue, plus the UK military is flying out £1 million Euros for armed forces staff based there (get a few beers with that), plus a local guy took matters in to his own hands when his bank failed to open, he ram raided it with a JCB to get his own money...
Thought banks were a place your put your money to protect it........................
Thought banks were a place your put your money to protect it........................
Topdog-
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Age : 65
Location : England
Banker used to be a slang tem for wanker.
Wanker is now a real term for banker.
Wanker is now a real term for banker.
Mcqueen-
- Posts : 30546
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Age : 70
Location : England
I dont trust anybody like banks and that, tell them nothing,
Topdog-
- Posts : 21262
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Age : 65
Location : England
Give em Nothing.
Adam Mint-
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Age : 59
OK sack plan A, we’ll go for plan B, what’s plan B, oh we’ll make it up soon, we’ve got till Monday............
http://www.bbc.co.uk/news/world-europe-21875246
http://www.bbc.co.uk/news/world-europe-21875246
searcher-
- Posts : 7625
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Age : 80
Location : edinburgh
What they don,t tell you is that while all bank customers throughout europe have been getting next to nothing in interest on their bank accounts the good people of Cyprus have been pocketing up to 6% on their accounts for ages now, and that the tax threshhold is almost£ 20,000 before they pay tax
Topdog-
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Location : England
It is all Greek to me, well most of it.
3rdforum-
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Location : Ireland
The tax threshold is 20K?? Wow!
searcher-
- Posts : 7625
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Age : 80
Location : edinburgh
Yes and according to most folks I know who are mainly ex pats they all earn£19,999 ,the rest is put in tax free accounts
Campbell Brodie-
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Age : 69
Location : Scotland
- Post n°15
Re: Cyprus government "steals" saver's money...
by Campbell Brodie Mon 25 Mar 2013 - 19:01
Seems like it is going ahead with some changes...BBC News
Perfectspecimen-
- Posts : 14451
Join date : 2011-08-15
Age : 70
Location : Cambs / Golf del Sur
- Post n°16
Re: Cyprus government "steals" saver's money...
by Perfectspecimen Mon 25 Mar 2013 - 19:43
Oh dear, looks like the rich are going to lose their last five years interest then. Shame. 
3rdforum-
- Posts : 22953
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Location : Ireland
I've said it before and I'll say it again, let the ECB act as a central bank not just an overseer of anti-inflation policies. The ECB should buy a stafe , at hugely over the market prices in every troubled bank in Europe ( including RBS etc). The ECB should then sell back its stake in these banks 20 or 30 years down the line and get it's money back that way. All we are doing now is propping up a failed business model.
searcher-
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Age : 80
Location : edinburgh
One of the officials involved in this fiasco has made a statement saying that this is now a TEMPLATE for handling further bailouts , bet there will be lots of monies exiting the Eurozone
Topdog-
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Location : England
Russia calling them thieves 
3rdforum-
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Location : Ireland
searcher wrote:One of the officials involved in this fiasco has made a statement saying that this is now a TEMPLATE for handling further bailouts , bet there will be lots of monies exiting the Eurozone
He rowed back on that a few minutes later. Mmmmmm......
Perfectspecimen-
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- Post n°21
Re: Cyprus government "steals" saver's money...
by Perfectspecimen Mon 25 Mar 2013 - 20:57
Topdog wrote:Russia calling them thieves
The Russians are fast taking over Tenerife, thats where all the new money is.
Followed one of these off the M11 the other day, a Skoda 1000MB, stuffed to overflowing with foreigners it was. Long time since I have seen an old Skoda. From the 1960s it is.
Topdog-
- Posts : 21262
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Bloody tanks, like those fso's
Daryn-
Posts : 656
Join date : 2011-09-05
Age : 57
Location : South Tyneside UK
Thick matress is what you need hehehe.
The world is upside down now, no one is making any money its such a shame. When will it end, they say these things come round every 10 years but Im thinking maybe I will never see this end in my lifetime.
The world is upside down now, no one is making any money its such a shame. When will it end, they say these things come round every 10 years but Im thinking maybe I will never see this end in my lifetime.
Adam Mint-
- Posts : 23101
Join date : 2011-10-07
Age : 59
Now talking about converting “40%” of peoples savings in to Bank Shares, to apply to savers with over 100,000 euros...
Irrespective of how the money got in to the banks, its still wrong...
Irrespective of how the money got in to the banks, its still wrong...
Campbell Brodie-
- Posts : 59106
Join date : 2011-08-13
Age : 69
Location : Scotland
- Post n°25
Re: Cyprus government "steals" saver's money...
by Campbell Brodie Wed 27 Mar 2013 - 21:22
Pensioners in Cyprus starting to suffer financially...BBC News