Cypriot Austerity Measures

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How gutted would you be :mad:
 
Thats Spit's? "Outlook for the economy" tab... the Yorkshire part is confusing me... or is this someone else that browses the OcUK forums?
 
Its supposedly the money from an IT business that was being used to pay their workers, if the story taken at face value is true its pretty much killed the business.
 
Rroff said:
Its supposedly the money from an IT business that was being used to pay their workers, if the story taken at face value is true its pretty much killed the business.
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Newsnight seemed to be implying this type of thing was the case.

Does seem counter productive to say the least.
 
They have every right to riot over this, oh our economy is screwed and we are taking it out of your life savings to keep the banks afloat, its ok Germany said so. it's scary how easily that could happen here, good old capitalism, Cyprus is just the start!

Guardian saying some savers could lose 60% when their savings are converted to bank shares, WTF!
 
Iraklis F.C. said:
no riots needed, just vote the appropriate party next election with an agenda that will guarantee an exodus from this deadlock called austerity.
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I'd be getting an angry mob and hitting the banks, remember police and military staff will also be losing money, I'm sure the reaction wouldn't be that quick ;)
 
MrMoonX said:
They have every right to riot over this, oh our economy is screwed and we are taking it out of your life savings to keep the banks afloat, its ok Germany said so. it's scary how easily that could happen here, good old capitalism, Cyprus is just the start!

Guardian saying some savers could lose 60% when their savings are converted to bank shares, WTF!
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Taking of property is the fault of capitalism? Not too up on the alternatives are you?
 
MrMoonX said:
I'd be getting an angry mob and hitting the banks, remember police and military staff will also be losing money, I'm sure the reaction wouldn't be that quick ;)
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riots dont lead to anywhere, in fact i am inclined to believe that riots are the cherry on top of a cake called "new safety measures" AKA police state and basic rights taken away with a good excuse...
 
i have already suggested what to do, my previous reply.

Get rid of the political dipole which govern us and put people who have the brains to run a country (it doesnt take a genius tbh, it only takes common sense and strict rules prohibiting corruption) , the political caste has failed so miserably its unbelievable.

Trust me dude, i have had enough of riots, they lead nowhere.
 
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