The IMF/EU bank heist is being put on hold because the president can’t get the votes to approve the theft. Zerohedge reports:
Moments ago the state-run CYBC media reported perhaps the most material news ahead of tomorrow’s Cyprus parliamentary vote, which at this point will likely be rescheduled once more, for the simple reason that yet another key Cypriot party, DIKO, has come out and decided to vote against the depositor-loss law on the Parliament’s docket tomorrow. This is notable because while yesterday JPM, in its „bazooka” assessment speculated that DIKO would vote for the law which made sense previously as DIKO had supported president Anastasiades in his election bid, which gave a pro-bailout vote a one vote margin. As a result of today’s flip, the party’s 9 votes will now be aligned with the „anti” votes of AKEL and EDEK, whose combined 33 votes mean the proposed bailout law has no chance of passing as they have the needed 29 votes to block any bail-in out proposal!
That’s 33 against and 20 for. It should be interesting to learn to what extent the EU and the Cypriot president were bluffing when they claimed a financial armageddon would result from a failure of the bailout plan. I suspect it’s going to look at lot more like the consequences of the US sequester, which absolutely no one in the USA appears to have even noticed.
Jim Sinclair notes: „The government leaders in Cyprus are trying to back-pedal right now in order to save their lives. Let me say it again, they are trying to save their own lives. Remember, ‘revenge is best served cold.’ This means the revenge never comes at the moment of the miscreant act. But it will come in time. To take money from the leading economic entities in Russia, is to take money from the former KGB officers, and taking money from them is extremely dangerous. I think the reality has quickly set in for the leaders of Cyprus that they have aided in the confiscation of the most serious and dangerous money you could possibly touch. It has these leaders more afraid for their lives than their bank accounts.”
UPDATE: „the Eurogroup will give Cyprus more flexibility on bank levy, and that Cyprus should safeguard depositors under €100,000, even as the full €5.8 billion deposit goal must still be hit.”
Perhaps my math skills are insufficient to grok the sense, but I don’t see how increasing the hit Russian depositors are going to take from 10% to 15.6% is going to make frightened parliamentarians any more sanguine about voting for the $75 billion bank heist.
S-a votat contra planului. Să vedem ce urmează 😀
Hahah, Min. de Finante cipiriot, chemat la ordine la Moscova! Putin le explica cum e cu capitalismul 🙂
E o nationalizare de 10%. Distractiv, a ajuns Medveedev sa le aduca aminte ca asta e agresiune la proprietatea privata si ca asa ceva numai sovieticii mai faceau 🙂
Eu ma intreb cind o sa faca Obama acelasi lucru 2015? 2016? Acuma doar a permis CIA-ului sa caste gura in orice cont privat. Toti se bat cu patul armei in piept: ca or sa-si apere banii cu arma-n mina 🙂 Nu-si dau seama ca intreaga tranzactie se face in 1.3 secunde 🙂
DanCanada Dacă Obama rezolvă al II-lea amendament, cu arma-n mînă devine o frumoasă amintire, iar industria cinematografică va scoate bani serioşi din vechile filme cu gangsteri.
Io-s curioasă cu cît vor contribui de alde ai noştri la, chipurile, salvarea Ciprului.
Strict on topic, mi-e greu să cred că milionari ruşi, foşti ofiţeri KGB, nu au avut informaţii la timp asupra a ceea ce urmează să se întîmple. Cred că trebuie săpat mai adînc.
Florina Citii in Telegraph si pe Breitbart ca n-ar fi stiut……
Canadiana
Apăi dacă nici măcar ăştia, uite cum mi se zdruncină încrederea în instituţii. 🙂
Florina Io ma intreb daca Voiculescu mai avea banii acolo. Sper ca da.
Iar băncile rămân închise până joi.