Cyprus Levy on Bank Accounts
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TTH
Surely, what counts is not where they work, but where their bank is?
See my earlier post, which hasn't been answered.
Are there any banks in the SBA's today?
When I was on Aphrodite's Isle, Barclay's DCO and The Ottoman Bank each had a branch in RAF Akrotiri. But I lived out in Limassol, so it was more convieniant for me to use a branch on the seafront.
But then again, that was over half a century ago
But what if Mesdames Baldrick and Blighter work in the NAAFI within an SBA, as the SBAs are in many ways legally NOT in Cyprus - there's a clue in the name after all!
See my earlier post, which hasn't been answered.
Are there any banks in the SBA's today?
When I was on Aphrodite's Isle, Barclay's DCO and The Ottoman Bank each had a branch in RAF Akrotiri. But I lived out in Limassol, so it was more convieniant for me to use a branch on the seafront.
But then again, that was over half a century ago
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As of just over two years ago there were certainly a couple of banks opposite the NAAFI, for the life of me I can't remember which, but in the early eighties if my memory isn't completely puddled they were Grindlays and Barclays but could be completely wrong, can't even remember who I banked with out there. I do know you had to have a Cypriot bank account though as has been mentioned earlier.
Are there any banks in the SBA's today?
I'm not sure that having a branch there is enough for the bank to be considered to be based in the SBA.
Last edited by Stuff; 18th Mar 2013 at 18:44.
A few comments ...
The term "in effect" is extraneous in that sentence. What is going on is theft, plain and simple.
It is not "in effect" theft, it is theft.
I agree, however, that it sets a worrying precedent . . . IF and only IFF they get away with it.
Other governing classes are watching closely to see how far these governmental thieves get away with it.
Seems to me time to learn a few things from Third World folks given (nice point above) this Third World stunt being pulled. Maybe what would get the attention of the political class would be a series of necklacing events featuring government officials involved in this decision. That might send the message loud and clear. I am eager to see what the "Cypriot Street" makes of all this.
What did they expect, you start in effect stealing money from people to prop up the bank
Its basically effing state sponsored theft.And it sets a very worrying
precedent.
precedent.
I agree, however, that it sets a worrying precedent . . . IF and only IFF they get away with it.
Other governing classes are watching closely to see how far these governmental thieves get away with it.
Seems to me time to learn a few things from Third World folks given (nice point above) this Third World stunt being pulled. Maybe what would get the attention of the political class would be a series of necklacing events featuring government officials involved in this decision. That might send the message loud and clear. I am eager to see what the "Cypriot Street" makes of all this.
Last edited by Lonewolf_50; 18th Mar 2013 at 18:53.
Years ago they wouldn't have creamed off bank accounts; they would have just changed the currency with a variable exchange rate. It is a very effective way of disassembling fortunes without effecting the general populace. Used to be popular in the third world.
It is not "in effect" theft, it is theft.
Russia is now talking withdrawing its €2.5 billion(?) loan, support or whatever it is
The advantage would be that Cypriots would not need to take a hit on their accounts at all.
Last edited by peter we; 18th Mar 2013 at 21:29.
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It's all a rather insidious, I cannot believe a European bank or Government is actually sanctioning this. The one thing the whole world has been doing since the financial crisis struck has been trying to prop up the banking systems.
Without the security I can forsee people removing their savings and putting them into other things. No wonder the Eurozone ministers are worried, a run on savings will bring the whole system down.
Without the security I can forsee people removing their savings and putting them into other things. No wonder the Eurozone ministers are worried, a run on savings will bring the whole system down.
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NutLoose ... head nail the on hit ! If it does happen ... just watch what happens in Spain, Portugal, Italy ...
What's more idiotic is that in the grand scheme of things the proposed Cypriot "take" is peanuts. A$$ politicians
What's more idiotic is that in the grand scheme of things the proposed Cypriot "take" is peanuts. A$$ politicians
I wonder if we will ever find out if any of the European politicians involved in approving this 'theft', be they Cypriot or otherwise, who had money in Cypriot accounts, managed to move their cash before the iniquitous announcement was made? I am willing to bet it did happen. 
Gentleman Aviator
Fareastdriver
exactly so! This is the biggest con of the whole Eurozone.
I am amazed how anyone can expect the same currency to "work" in Naples, Lisbon or Dublin in the same way as it does in Munich or Paris - let alone in Athens or Nicosia.
they would have just changed the currency with a variable exchange rate
I am amazed how anyone can expect the same currency to "work" in Naples, Lisbon or Dublin in the same way as it does in Munich or Paris - let alone in Athens or Nicosia.
If you tell a lie big enough, and keep repeating it, people will eventually come to believe it.
Dr Joseph Goebbels
Dr Joseph Goebbels
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Subtle but worrying 'clarification' - the g'ment did agree to compensate Cypriot loss suffered by service personnel but it seems that the term now being used is 'unreasonable loss'.
Pensions
Pensions
(Treasury minister Greg Clark has said) earlier announcements that more than 3,000 British service personnel based in Cyprus would be compensated by the Government if the levy goes ahead to ensure they would not suffer “unreasonable losses”.
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I am amazed how anyone can expect the same currency to "work" in Naples, Lisbon or Dublin in the same way as it does in Munich or Paris - let alone in Athens or Nicosia.
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RAF airlifting one million euros cash to Cyprus as contingency for the military.
Excellent.
Excellent.
Gentleman Aviator
Hope they don't have to divert....
Declaring cash when entering or leaving the UK
If you are arriving in the UK from a country outside the European Union (EU), or you're leaving the UK to travel directly to a country outside the EU, you must declare any cash of 10,000 euros or more (or its equivalent in other currencies) to customs officers.
HMR&C
If you are arriving in the UK from a country outside the European Union (EU), or you're leaving the UK to travel directly to a country outside the EU, you must declare any cash of 10,000 euros or more (or its equivalent in other currencies) to customs officers.
HMR&C
Dog Tired
I hope this clever piece of information was only released after the aircraft had landed?
We could go and meet it...
Last edited by fantom; 19th Mar 2013 at 17:40.