Have The Russians Already Quietly Withdrawn All Their Cash From Cyprus?

Submitted by Tyler Durden on 03/25/2013 Yesterday, we first reported on something very disturbing (at least to Cyprus' citizens): despite the closed banks (which will mostly reopen tomorrow, while the two biggest soon to be liquidated banks Laiki and BoC will be shuttered until Thursday) and the capital controls, the local financial system has been leaking cash. Lots and lots of …

Cyprus: Savage Austerity Measures and Economic Dictatorship

By Jordan Shilton and Chris Marsden Global Research, March 24, 2013 Cyprus’ fate illustrates how the European Union imposes the dictatorship of the global speculators, banks and corporations on the working class. The EU yesterday continued to demand massive austerity in Cyprus to raise €6 billion ($7.8 billion) in return for a €10 billion bank bailout. The island …

NEVER ENDING MISTAKES OF AN INCOMPETENT EU MAY BE LEADING TO ITS DISSOLUTION

In the morning hours of March 16,2013 the Eurogroup issued its infamous statement which could precipitate the dissolution of the eurozone and perhaps of the EU. It starts with words of welcome. ”The Eurogroup welcomes the political agreement reached with the Cypriot authorities on the cornerstones of the policy conditionality underlying a future macroeconomic adjustment …

WΑKEUPCyprus: Η αλήθεια για τη μνημονιακή σύμβαση

Το WAKEUPCyprus αποτελεί μια συλλογική ιδιωτική πρωτοβουλία με έναν και μόνο σκοπό: την ΕΝΗΜΕΡΩΣΗ όλων των πολιτών της Κυπριακής Δημοκρατίας για ένα πολύ σημαντικό θέμα που θα αλλάξει για πάντα το συνολικό αλλά και ατομικό βιοτικό επίπεδο στην Κύπρο και μάλιστα για πολλές δεκαετίες. Κάνουμε έκκληση σε όλους τους συμπολίτες μας να βρουν ΑΜΕΣΑ χρόνο και …

Que signifie-t-il le ‘NON’ du Parlement Chypriote?

Le secrétaire général de l'EPAM, Mr. Kazakis, avait bien prévu l'écroulement des banques chypriotes. La vidéo où il conseille dès le 10.12.2012 les dépositaires grecs de retirer leur argent des banques chypriotes tant en Grèce qu'en Chypre fait le tour de l'internet. Selon l'annonce de l'EPAM la crise en Chypre fut magnifiquement bien orchestrée par …

Cyprus rejects bailout deal leaving eurozone facing fresh crisis

Cash-strapped nation expected to seek funding lifeline from Russia after dramatic no vote in country's parliament Angelique Chrisafis in Nicosia and Jill Treanor The Guardian, Tuesday 19 March 2013 21.09 GMT A Cypriot protester outside the country's parliament after hearing news that MPs had rejected the bailout deal. Photograph: Filip Singer/EPA  The Cypriot parliament has thrown out a …

Cyprus Banking Crisis for Dummies

Posted on March 18, 2013 by WashingtonsBlog Bank Customer Trying to Get His Honey Out of His Bank During Cyprus Bank Holiday Ground Zero of Financial Repression You’ve heard that the tiny European country Cyprus is threatening to grab between 3 and 13% of bank depositors’ funds in return for a bailout of the country by the European Union. Zero …

Savers across Europe will look on in horror at the Troika’s raid on Cyprus

It's now become clear: the threat to European savers and banks isn't anti-austerity parties but the Troika Michael Burke The Guardian, Sunday 17 March 2013 17.06 GMT Account-holders withdraw money from a cash machine in the Cyprus capital, Nicosia. Photograph: Barbara Laborde/AFP/Getty Images  The imposition of a levy on savers in Cypriot banks marks a new turn in …

Insane EU: Bank depositors in panic as they pay for Cyprus €10bn bailout

Posted by keeptalkinggreece in Economy Bank depositors will have to finance 60% of  the 10-billion-euro bailout for Cyprus agreed between European Union and International Monetary Fund in Brussels in the early morning hours of Saturday. Eurozone ministers force depositors at Cypriot banks to pay a one time levy to raise  6 billion euros. The so-called “emergency solidarity contribution” will …