Author

Topic: Dijsselbloem: Uninsured EU bank deposit holders at risk if necessary (Read 1145 times)

sr. member
Activity: 379
Merit: 250
Bail-once-around Smiley
legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
It's too late to agree with him - he's changed his mind:

"Cyprus bailout: Dijsselbloem's U-turn creates chaos in the markets

The island has been left in a near-impossible situation by the terms of its rescue, and is likely to require another bailout"

http://www.guardian.co.uk/world/2013/mar/25/cyprus-bailout-dijsselbloem-chaos-markets
legendary
Activity: 1974
Merit: 1029
bail off u bastards!
sr. member
Activity: 379
Merit: 250
bail 'em down yeah!
newbie
Activity: 28
Merit: 0

how bout:


announce-bail-but-put-capital-control-in-place-then-hang-em-out-to-dry
sr. member
Activity: 379
Merit: 250
Ha ha ha !!!

so far we heard about "bail-out" now we have "bail-in".

several next variants are:
bail-onto,
bail-not-in,
bail-if-possbile,
bail if relevant,
bail-from-neighbour,
bail-if-you-can

any more variants?
legendary
Activity: 1764
Merit: 1002
so if wealthy uninsured depositors can't hide their money in banks anymore worldwide, by extension, where do they hide it?

btw, the US repealed their unlimited deposit coverage late last year.
hero member
Activity: 868
Merit: 1000
Can't they withdraw their money, those with accounts above 100.000eur before the shit hits the fan?

Not a chance in Cyprus.

It's gonna get tough in the rest of the EU, but maybe.  The bribes ("Withdrawal Assistance Fees") will probably be pretty stiff.

Haha - I love the term 'Withdrawal Assistance Fees'. Haha.
member
Activity: 84
Merit: 10
Can't they withdraw their money, those with accounts above 100.000eur before the shit hits the fan?

Not a chance in Cyprus.

It's gonna get tough in the rest of the EU, but maybe.  The bribes ("Withdrawal Assistance Fees") will probably be pretty stiff.
full member
Activity: 125
Merit: 100
"Cyprus a Template For EU" - D-boom
newbie
Activity: 28
Merit: 0

da fuq?  Angry

u believe your "insured" holdings are worth a damn, unless in bitcoin?  Roll Eyes

They are safe against small crises. Eg. insured Icesave customers did get bailed out by the UK gov.

yeah, but they might just as well not have been bailed out.
it was all kinda arbitrary.

so much for the meaning of "guarantuees".
hero member
Activity: 490
Merit: 500
Can't they withdraw their money, those with accounts above 100.000eur before the shit hits the fan?
legendary
Activity: 938
Merit: 1001
bitcoin - the aerogel of money

da fuq?  Angry

u believe your "insured" holdings are worth a damn, unless in bitcoin?  Roll Eyes

They are safe against small crises. Eg. insured Icesave customers did get bailed out by the UK gov.
hero member
Activity: 868
Merit: 1000

da fuq?  Angry


u believe your "insured" holdings are worth a damn, unless in bitcoin?  Roll Eyes

Imagine how happy russian mafia will be when deposits are reduced with 40%...
newbie
Activity: 28
Merit: 0

da fuq?  Angry


u believe your "insured" holdings are worth a damn, unless in bitcoin?  Roll Eyes
legendary
Activity: 1764
Merit: 1002
i smell something BIG...

and it ain't fiat.
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