Tell us about this proposed theft you mentionntb said:The bailouts and proposed theft in Cyprus
Who do you allege is stealing?
(ntb fails to answer the question)
Tell us about this proposed theft you mentionntb said:The bailouts and proposed theft in Cyprus
Who do you allege is stealing?
They are the people who created a broken system in the first place. They are the people who made a half-assed attempt at merging europe economically by centralising the organisation with the authority to "print" money but not centralising the organisation with the responsibility for protecting deposits.What sane person would blame the people who are providing the money to save the Cypriots?
If I had deposits in a bankrupt bank, which was unable to repay its depositors, I would know that I was at risk of losing some or all of the money I had deposited. If I had the advantage of a depositors protection scheme which was willing and able to compensate me in part or in whole for my loss, then I would have received an advantage.If you, as an account holder didn't know who was taking it or why, would you consider it any less than theft?
Because Iceland was never liable for the debt in the first place, no interest was payable...Why do you post a link showing we are screwed over for the interest, and then argue we haven't been screwed.
Because Iceland was never liable for the debt in the first place
I know what i'm saying is true - you just don't seem to understand the legal position!Because Iceland was never liable for the debt in the first place
Just to clarify what you think you are saying, are you telling us that Iceland never had a depositors protection scheme?
The European Free Trade Association (EFTA) court on Monday ruled that Iceland did not break European free trade laws on deposit guarantee schemes by refusing to compensate foreign depositors after Icesave’s owner, Lansbanki, collapsed in 2008.
Tell us about this proposed theft you mentionntb said:The bailouts and proposed theft in Cyprus
Who do you allege is stealing?
(ntb fails to answer the question)
I think you need to dumb it down even further for JD to understand....The answer is obvious from what I wrote. The dumbed down version is that the ECB has pressured the Cypriot government to steal from depositors and give it to the the shareholders and bondholders.
I think you need to dumb it down even further for JD to understand....The answer is obvious from what I wrote. The dumbed down version is that the ECB has pressured the Cypriot government to steal from depositors and give it to the the shareholders and bondholders.
Because Iceland was never liable for the debt in the first place
Just to clarify what you think you are saying, are you telling us that Iceland never had a depositors protection scheme?
you just don't seem to understand the legal position!
But they are paying up anyway...
I'm the only one giving honest answers, and also not skewing quotes...Poor old ellal refuses to give an honest answer.
Because Iceland was never liable for the debt in the first place
Just to clarify what you think you are saying, are you telling us that Iceland never had a depositors protection scheme?
Note that I said "never"
We all know they subsequently reneged.
We have got 95% of the money back even though Iceland has been proved in law not to be liable...We haven't had the money back, we won't be paid interest.
Seems pretty screwed to me.