tag:blogger.com,1999:blog-8764541874043694159.post5250535795471730249..comments2024-03-29T10:48:38.142+00:00Comments on Coppola Comment: Cyprus banks and UK depositsFrances Coppolahttp://www.blogger.com/profile/09399390283774592713noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-8764541874043694159.post-81682765933517080942014-09-15T08:56:33.799+01:002014-09-15T08:56:33.799+01:00Thanks to share deposits information of Cyprus ban...Thanks to share deposits information of Cyprus bank. Its a great article. I like it...<br /><a href="http://www.frasermeridies.com/" rel="nofollow">Estate Agents in North Cyprus</a>Anonymoushttps://www.blogger.com/profile/01152769711758859520noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-57261510291808824202013-04-25T04:54:37.567+01:002013-04-25T04:54:37.567+01:00Cyprus is having trouble with their banks now so t...Cyprus is having trouble with their banks now so their economy is having trouble. I wish they can be helped by other countries.<br /><br /><a href="http://www.group-global.org/" rel="nofollow">too big to fail</a>ketzhttps://www.blogger.com/profile/10964307257665928357noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-90339022198679053162013-04-02T01:30:40.802+01:002013-04-02T01:30:40.802+01:00On the one hand, there's the UK, on the other,...On the one hand, there's the UK, on the other, you have the Russians, who aren't too thrilled with this mini heart attack. I'm personally more amused by Nicos' attempt to shift blame (http://www.pressdisplay.com/pressdisplay/showlink.aspx?bookmarkid=I3UGF4W29OE&preview=article&linkid=90ab996c-7773-4c28-a25f-7034ecf3fb51&pdaffid=ZVFwBG5jk4Kvl9OaBJc5%2bg%3d%3d) away from the institution obviously responsible: the bank's floundering policy. Oh world, when will you cease to amuse?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-55987029208102538062013-03-28T23:37:52.587+00:002013-03-28T23:37:52.587+00:00The new big trick of neoliberal bankdebtocracy :
...The new big trick of neoliberal bankdebtocracy :<br /><br />http://failedevolution.blogspot.gr/2013/03/the-new-big-trick-of-neoliberal.htmlsystem failure due to insufficient evolution?https://www.blogger.com/profile/06502935674214763698noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-29414216491925668372013-03-28T23:17:12.942+00:002013-03-28T23:17:12.942+00:00Please spare a thought of those in Cyprus who will...Please spare a thought of those in Cyprus who will lose their pensions, savings, homes and much more. Politics, irregularities have ruined this lovely island. Shame on those who are responsible.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-69421143845327502572013-03-28T23:12:20.324+00:002013-03-28T23:12:20.324+00:00Laiki Bank UK has remained open since the financia...Laiki Bank UK has remained open since the financial crises in Cyprus. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-15775848763523591782013-03-27T14:04:43.079+00:002013-03-27T14:04:43.079+00:00The UK is not a member of the currency union.The UK is not a member of the currency union.Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-71885619887787068892013-03-27T09:03:45.874+00:002013-03-27T09:03:45.874+00:00Thanks! Some "currency union" this, wher...Thanks! Some "currency union" this, where banks & consumers are treated differently depending on where they are/live...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-5407703860908405932013-03-27T08:32:46.864+00:002013-03-27T08:32:46.864+00:00Yes, it was. And I have no doubt that quite a bit ...Yes, it was. And I have no doubt that quite a bit was removed. Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-57463565294562429872013-03-27T07:38:17.156+00:002013-03-27T07:38:17.156+00:00So what is the deal? Was it possible to get Laiki ...So what is the deal? Was it possible to get Laiki #Cyprus money out of Laiki UK last week?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-42134513762430178962013-03-27T06:54:13.630+00:002013-03-27T06:54:13.630+00:00I'm fairly appalled that no one has said this ...I'm fairly appalled that no one has said this before. Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-19967782398276647892013-03-27T06:52:06.142+00:002013-03-27T06:52:06.142+00:00Cyprus banks have indeed been open in London throu...Cyprus banks have indeed been open in London throughout the Cyprus bank holiday. For them to close the Cyprus authorities would have needed the agreement of the UK government - certainly for Bank of Cyprus UK, which as I pointed out in the post is a UK bank regulated by the FSA. <br /><br />I should put a disclosure on my blog really. I do not work for any part of the financial industry and I receive no income from them in any way. Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-46181520843637839592013-03-27T05:48:04.140+00:002013-03-27T05:48:04.140+00:00Reporter from London tweeting from ground in Cypru...Reporter from London tweeting from ground in Cyprus. <br /><br />twitter.com/faisalislam<br /><br />Also commenting on, referencing news stories, or doing stand up comedy on twitter is:<br /><br />twitter.com/russian_market<br /><br />Also carping from London:<br /><br />https://twitter.com/PawelmorskiAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-79210853855576074192013-03-27T04:16:58.347+00:002013-03-27T04:16:58.347+00:00Correction 3rd paragraph should have read:
Could ...Correction 3rd paragraph should have read:<br /><br />Could what was said in your post have been said earlier? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-55809811747117710522013-03-27T04:09:11.886+00:002013-03-27T04:09:11.886+00:00Can Cypress impose a "tax" in an other c...Can Cypress impose a "tax" in an other country?<br /><br />I have been reading cyprusmarket on twitter and various news. It was said that Cyprus banks that were in other countries were open and fully transacting at the beginning of the Cyprus bank "holiday" for about a week. If I remember correctly, London and Russia were mentioned as such. <br /><br />Would such things have been in your post said earlier?<br /><br />Are you currently employed by part of the banking and finance industry? Or, receiving funds such as retirement from those industries?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-74402974560686063982013-03-26T14:15:39.102+00:002013-03-26T14:15:39.102+00:00Confiscation of funds via a levy is no more legal ...Confiscation of funds via a levy is no more legal in the UK than it is in Cyprus. Parliament would have to pass legislation to enable it to happen. I remind you that the Cyprus Parliament rejected their Government's proposed legislation to allow this. There is no reason to suppose that the UK Parliament would be any more willing to approve a levy on small depositors than the Cypriot parliament. On the contrary, the Treasury Committee is pushing for strengthening of legislative measures to protect depositors. Given that, why on earth would it agree to a levy? Would be the most extraordinary example of doublethink.<br /><br />I repeat what I said on BBC Radio 4's Moneybox programme last Saturday: I really think people should stop worrying. Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-57789140636459829272013-03-26T14:06:05.879+00:002013-03-26T14:06:05.879+00:00In connection with UK banks you say "only sma...In connection with UK banks you say "only smaller deposits that are subject to Financial Services Compensation Scheme insurance can be regarded as completely safe from loss or confiscation."<br /><br />I thought that the FSCS only protected deposits in the event that the bank goes bust - in theory it doesn't protect against state confiscation, does it? Wasn't this the argument run to justify the "levy" in the Cypriot case?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-88800283429092606652013-03-26T03:19:33.890+00:002013-03-26T03:19:33.890+00:00They can't even decide when to open the banks....They can't even decide when to open the banks. Doubt the details are hammered outAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-80781276717566641162013-03-26T02:55:43.061+00:002013-03-26T02:55:43.061+00:00"When they open there will be strict limits o..."When they open there will be strict limits on withdrawals, payments and transfers from all Cypriot banks. There will also be limits on the convertibility of Cyprus Euros to other currencies and limits on the amount of money that may be transferred out of the country."<br /><br />Do we know this for sure? Where can we get the details on limit sizes, or is this yet to be hammered out? JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-88587893955143452172013-03-26T01:52:00.543+00:002013-03-26T01:52:00.543+00:00Frances,
This is a frightening account. One which ...Frances,<br />This is a frightening account. One which will reverberate the rest of the week. Thank you for reporting this.<br /><br />DavidDavid Petraitishttp://www.petraitis.usnoreply@blogger.com