alexalonso wrote:If you live in Cypress, the country is taking money out of people bank account to take care of their deficit problems. And if you go to the bank to withdraw it, you cant. IMagine that?
Cypress made a huge mistake in their policy. Tehy created a almost non regulated banking sector in order to attract lots of money to the country. They only charged like 10-20%. They also attracted lots of fortunes made in organized crime, many russians among them, because they had let everybody know that they wouldnt check up on where the money comes from and how it was made. Thats why the presidet odf cypress first went to Moscow to find solutions.
Their banks went bankrupt partially because of Greece being bankrupt. They bouhgt lots of greek government bonds, which are worth shit right now and that way they lost billions.
Then the politicians of cypress came up with the idea of getting that money from their people through a mandatory fee of 10% on all savings in bank accounts.
They blamed the whole thing on the EU, even though it was their own idea in order gain favour among their voters and heat up anti EU resentments in Crypess....
Thats a lot of foul play on the part of cypress government.