Hidden financial system
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Hidden financial system
I shall wear the creditors’ loathing with pride. ~~~ Yanis Varoufakis, Greece’s former finance minister
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Russia Restructures Cyprus Debt; Cyprus Prohibits US Strikes On Syria

Russia Restructures Cyprus Debt; Cyprus Prohibits US Strikes On Syria | Hidden financial system | Scoop.it

 

 

Yesterday afternoon, Russia agreed to restructure Cyprus' EUR 2.5 billion loan terms to a much more affordable 2.5% semi-annual coupon through 2016 and a principal re-payment over the following four years. While probably still out of reach for the desparate economy, it was a positive step.

 

Of course, this 'offer' by Russia has its quid pro quo. This morning, Foreign Minister Ioannis Kasoulides has stated that Cyprus territory will not be used to launch military strikes against Syria, as "Cyprus wants to live up to its responsibility as a shelter if needed for nationals of friendly countries who evacuate from Middle East". It would appear Obama's influence is fading everywhere...


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Bomb from Brussels: Cyprus Model May Guide Future Bank Bailouts - SPIEGEL ONLINE

Bomb from Brussels: Cyprus Model May Guide Future Bank Bailouts - SPIEGEL ONLINE | Hidden financial system | Scoop.it

Should the Cypriot bailout become a model for the future? The mere suggestion sent markets tumbling last week. But increasing numbers of European politicians would like to see bank shareholders and investors bear a greater share of crisis risk.

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Cyprus : 10%... 40%... Now An 80% Confiscation Scheme?

Cyprus : 10%... 40%... Now An 80% Confiscation Scheme? | Hidden financial system | Scoop.it

Investors take note: a major development is at hand. As bankrupt nations and banks continue to spiral downward there will be more and more desperate attempts to plug the holes in their balance sheets by any means necessary.

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List of 132 Names Released of Cyprus Elites and Companies Who Emptied Bank Deposits Ahead Of "Confiscation Day" for Commoners

List of 132 Names Released of Cyprus Elites and Companies Who Emptied Bank Deposits Ahead Of "Confiscation Day" for Commoners | Hidden financial system | Scoop.it
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Cyprus : Oooops...

Cyprus : Oooops... | Hidden financial system | Scoop.it

In the meantime, dear citizens of the world, please enjoy as your central bankers lie to you each and every day, and never forget that everything is under control.

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

Have The Russians Already Quietly Withdrawn All Their Cash From Cyprus? | Hidden financial system | Scoop.it

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 cash.

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