Albeniz Turbocharged March 18, 2013 Share March 18, 2013 Was watching Channel 8 news. Today's stock market tumbled because of Cyprus's new policy. Wait, did I hear wrongly? Instead of earning interest, you need to pay money to deposit money in the bank. Looks like my great grandma's saving method is still the best - keep the money under the pillow. ↡ Advertisement Link to post Share on other sites More sharing options...
Lotr 6th Gear March 18, 2013 Share March 18, 2013 basically they are taking away 6 to 9.9 percent of bank deposits as condition for a bailout Link to post Share on other sites More sharing options...
Nhyone 4th Gear March 18, 2013 Share March 18, 2013 It is a one-time levy to save the insolvent banks from bankruptcy. Would you trust banks after this? Link to post Share on other sites More sharing options...
Lala81 Hypersonic March 18, 2013 Share March 18, 2013 it's theft on a national level. How to trust the banks/people like that? Link to post Share on other sites More sharing options...
Mockngbrd Supersonic March 18, 2013 Share March 18, 2013 It is a one-time levy to save the insolvent banks from bankruptcy. Would you trust banks after this? i wouldn't even bother... keep in milo tin better. Link to post Share on other sites More sharing options...
Watwheels Supersonic March 18, 2013 Share March 18, 2013 The 6%-9.9% of the ppl's bank deposits is to be used for the exchange of 10billion euro bailout. It's the finance ministers of the eurozone who wanted this from their banks. Can imagine the country is totally broke, with nothing to use as leverage. I feel that their bailouts are just dumping good money in a bottomless pit. How some of these European countries are going to get out of debt is anyone's guess. Italy dun even have a gahment.....LoL. Jialat man, Europe. I wonder whether this crisis will root out those weak countries. It's big fish eat small fish for the banks again. Link to post Share on other sites More sharing options...
Mllcg 3rd Gear March 18, 2013 Share March 18, 2013 The 6%-9.9% of the ppl's bank deposits is to be used for the exchange of 10billion euro bailout. It's the finance ministers of the eurozone who wanted this from their banks. Can imagine the country is totally broke, with nothing to use as leverage. I feel that their bailouts are just dumping good money in a bottomless pit. How some of these European countries are going to get out of debt is anyone's guess. Italy dun even have a gahment.....LoL. Jialat man, Europe. I wonder whether this crisis will root out those weak countries. It's big fish eat small fish for the banks again. write off all bad debts just this once. start fresh Link to post Share on other sites More sharing options...
Kusje Supersonic March 18, 2013 Share March 18, 2013 write off all bad debts just this once. start fresh Split the bank's assets among its debtors. Link to post Share on other sites More sharing options...
Aimnfire 4th Gear March 18, 2013 Share March 18, 2013 oh ok what about compare to sg bank deduct $2 every month if falls below certain amt let say 1 million singaporean having below the required amt thus kena $2 charge the bank earn $2 million free money every month? Link to post Share on other sites More sharing options...
The_Bear Turbocharged March 19, 2013 Share March 19, 2013 it's theft on a national level. How to trust the banks/people like that? Lease out the whole island for 99 years. It worked for Hong Kong. Link to post Share on other sites More sharing options...
Mustank Hypersonic March 19, 2013 Share March 19, 2013 pay kee pay low hai, ang mo jiat kow sai Link to post Share on other sites More sharing options...
Adrianli Hypersonic March 19, 2013 Share March 19, 2013 Lease out the whole island for 99 years. It worked for Hong Kong. U been to their Consulate in SG before??? I've been to there and it was located in a warehouse!!! https://plus.google.com/1087224420666035654...gl=sg&hl=en But now located in CBD liao lah. http://embassy.goabroad.com/embassies-in/singapore Link to post Share on other sites More sharing options...
Mustank Hypersonic March 19, 2013 Share March 19, 2013 Lease out the whole island for 99 years. It worked for Hong Kong. cannot like that say, these people may not have marnie but they are asset rich to help them improve their lives, i propose the lease and buyback scheme SG also got lease and buyback scheme mah you see: Link to post Share on other sites More sharing options...
Boringchap Turbocharged February 3, 2015 Share February 3, 2015 They (Cyprus) are in a very bad shape with no end in sight. http://en.wikipedia.org/wiki/2012%E2%80%9313_Cypriot_financial_crisis Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 3, 2015 Share February 3, 2015 They (Cyprus) are in a very bad shape with no end in sight. http://en.wikipedia.org/wiki/2012%E2%80%9313_Cypriot_financial_crisis They spend too much money and Europe keeps sending them more. What kind of crisis is that? Its only a crisis when you spend a lot of money and non one gives you any more. 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic February 3, 2015 Share February 3, 2015 Greece is joining Cyprus party soon ..... ↡ Advertisement Link to post Share on other sites More sharing options...
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