Cyprus steals British Servicemens money (141)
magical: I live in Cyprus and of course there is concern regarding the banks. The last government left the situation like this.
I have not witnessed any disturbances at ATM machines but I am sure that tempers are high. At the moment, we are waiting to see if the Russians or even the church will bail us out.
As far as we have been led to believe the British Forces here will be reimbursed, it is the civilians who will be out of pocket, the shops and business' under threat and bank employees without a job.
Cyprus has been pushed into a corner and sadly, many more countries are likely to follow.
I have not witnessed any disturbances at ATM machines but I am sure that tempers are high. At the moment, we are waiting to see if the Russians or even the church will bail us out.
As far as we have been led to believe the British Forces here will be reimbursed, it is the civilians who will be out of pocket, the shops and business' under threat and bank employees without a job.
Cyprus has been pushed into a corner and sadly, many more countries are likely to follow.
Read post above you for the latest
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I have emailed a complaint to the EU complaint department, included the links above and may i suggest reading those news pages posted above i concluded both Putin and Xi have very likely suggested what the outcome w
should be e.g. best as i can tell, steal money from Russians legally banking money in intended to be changed to Bad Cyprus Banks, if that is the case, the deal should be stopped as it undermines the rule of law.
If the Russian deposits are legal then the EU is aid and abetting a crime, e.g. stealing peoples money
email addressed used
SG-PLAINTES@ec.europa.eu
should be e.g. best as i can tell, steal money from Russians legally banking money in intended to be changed to Bad Cyprus Banks, if that is the case, the deal should be stopped as it undermines the rule of law.
If the Russian deposits are legal then the EU is aid and abetting a crime, e.g. stealing peoples money
email addressed used
SG-PLAINTES@ec.europa.eu
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robplum: I have emailed a complaint to the EU complaint department, included the links above and may i suggest reading those news pages posted above i concluded both Putin and Xi have very likely suggested what the outcome w
should be e.g. best as i can tell, steal money from Russians legally banking money in intended to be changed to Bad Cyprus Banks, if that is the case, the deal should be stopped as it undermines the rule of law.
If the Russian deposits are legal then the EU is aid and abetting a crime, e.g. stealing peoples money
email addressed used
SG-PLAINTES@ec.europa.eu
should be e.g. best as i can tell, steal money from Russians legally banking money in intended to be changed to Bad Cyprus Banks, if that is the case, the deal should be stopped as it undermines the rule of law.
If the Russian deposits are legal then the EU is aid and abetting a crime, e.g. stealing peoples money
email addressed used
SG-PLAINTES@ec.europa.eu
I would be interested if you got a reply
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probably not but you never know, be a good deed if others in EU countries also complained...
I did some time ago when I included an EU Parliament submission the EU governmnt sent to me, which was included in a United Nations document that i had been asked to construct and file by HHDL
I did some time ago when I included an EU Parliament submission the EU governmnt sent to me, which was included in a United Nations document that i had been asked to construct and file by HHDL
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robplum: probably not but you never know, be a good deed if others in EU countries also complained...
I did some time ago when I included an EU Parliament submission the EU governmnt sent to me, which was included in a United Nations document that i had been asked to construct and file by HHDL
I did some time ago when I included an EU Parliament submission the EU governmnt sent to me, which was included in a United Nations document that i had been asked to construct and file by HHDL
Everyone in the EU is represented by an MP, issues should be taken up by your EuroMP, you can find out who they are on google.
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All monies deposited in banks in Cyprus were guaranteed up to 100k, that is why there was an uproar when the first draft wanted to take money from accounts with less than that. Anyone who had more than that invested must have been aware that only the first 100k was 'safe' and it would have been risky to keep more than that in one account. Banks are set to re-open tomorrow and I'm sure the queues will be enormous, I feel sorry for the bankinfg staff as they will bear the brunt of peoples' frustration, sadly it looks like the staff in my bank will be losing their jobs once it is all sorted out.
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tomcatwarne: Everyone in the EU is represented by an MP, issues should be taken up by your EuroMP, you can find out who they are on google.
eu complaints web page:
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Anyone may lodge a complaint with the Commission against a Member State for any measure (law, regulation or administrative action) or practice attributable to a Member State which they consider incompatible with a provision or a principle of EU law.
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robplum: Anyone may lodge a complaint with the Commission against a Member State for any measure (law, regulation or administrative action) or practice attributable to a Member State which they consider incompatible with a provision or a principle of EU law.
Thanks for the info
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I have been reading some EU regulations that dated back as far as 1993 and were pertaining to deposit guarantees, including some sort of guarantee for depositors compensation.
e.g. the 5 Billion deposited with Greece (given just a very quick read) under EU regulations it appears likely probably qualified for reporting and protection under the EU regulations, however i did just browsed through the texts. Probably needs proper legal scrutiny before making this statement.
However based on what i think i read I wonder if panic has over-shadowed reliance upon EU's own rules and regulations, as the 5 billion deposited in Greece may well have been protected...
e.g. the 5 Billion deposited with Greece (given just a very quick read) under EU regulations it appears likely probably qualified for reporting and protection under the EU regulations, however i did just browsed through the texts. Probably needs proper legal scrutiny before making this statement.
However based on what i think i read I wonder if panic has over-shadowed reliance upon EU's own rules and regulations, as the 5 billion deposited in Greece may well have been protected...
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Directive 97/9/EC of the European Parliament and of the Council of 3 March 1997 on investor-compensation schemes
Official Journal L 084 , 26/03/1997 P. 0022 - 0031
(1) Whereas on 10 May 1993 the Council adopted Directive 93/22/EEC on investment services in the securities field (5); whereas that Directive is an essential instrument for the achievement of the internal market for investment firms;
(2) Whereas Directive 93/22/EEC lays down prudential rules which investment firms must observe at all times, including rules the purpose of which is to protect as far as possible investor's rights in respect of money or instruments belonging to them;
In relaition to the Russian Depositors: -
Council Regulation (EC) No 2271/96 of 22 November 1996 protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom
Whereas such laws, including regulations and other legislative instruments, and actions based thereon or resulting therefrom affect or are likely to affect the established legal order and have adverse effects on the interests of the Community and the interests of natural and legal persons exercising rights under the Treaty establishing the European Community;
HAS ADOPTED THIS REGULATION:
Article 1
This Regulation provides protection against and counteracts the effects of the extra-territorial application of the laws specified in the Annex of this Regulation
10 Economic and monetary policy and free movement of capital
10.40 Free movement of capital
Official Journal L 084 , 26/03/1997 P. 0022 - 0031
(1) Whereas on 10 May 1993 the Council adopted Directive 93/22/EEC on investment services in the securities field (5); whereas that Directive is an essential instrument for the achievement of the internal market for investment firms;
(2) Whereas Directive 93/22/EEC lays down prudential rules which investment firms must observe at all times, including rules the purpose of which is to protect as far as possible investor's rights in respect of money or instruments belonging to them;
In relaition to the Russian Depositors: -
Council Regulation (EC) No 2271/96 of 22 November 1996 protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom
Whereas such laws, including regulations and other legislative instruments, and actions based thereon or resulting therefrom affect or are likely to affect the established legal order and have adverse effects on the interests of the Community and the interests of natural and legal persons exercising rights under the Treaty establishing the European Community;
HAS ADOPTED THIS REGULATION:
Article 1
This Regulation provides protection against and counteracts the effects of the extra-territorial application of the laws specified in the Annex of this Regulation
10 Economic and monetary policy and free movement of capital
10.40 Free movement of capital
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tomcatwarne: Thanks for the info
I wrote a complaint months ago in my local office of the EU Comission. They give you the form and information.
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GUZMAN1: I wrote a complaint months ago in my local office of the EU Comission. They give you the form and information.
Please let me know if you get a result
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tomcatwarne: Please let me know if you get a result
OK. For the moment the complaint have been registered and admitted.
If Cyprus Effect doesn't infect the spanish economy perhaps the EU could start to sanction my country economically, for the multiple infractions of the european directives.
Today the newspapers explains that similar measures could be imposed in Spain and Italy.
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GUZMAN1: OK. For the moment the complaint have been registered and admitted.
If Cyprus Effect doesn't infect the spanish economy perhaps the EU could start to sanction my country economically, for the multiple infractions of the european directives.
Today the newspapers explains that similar measures could be imposed in Spain and Italy.
'If Cyprus Effect doesn't infect the spanish economy perhaps the EU could start to sanction my country economically, for the multiple infractions of the european directives.
Today the newspapers explains that similar measures could be imposed in Spain and Italy.
I have heard of this G, do you have any references I may look at to get up to speed on this?????
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tomcatwarne: '
I have heard of this G, do you have any references I may look at to get up to speed on this?????
I have heard of this G, do you have any references I may look at to get up to speed on this?????
Our economy minister said days ago that deposits of less than 100,000 euros will not be affected by these measures. But it is not the first time that rectifies.
Today risk premium rises until 362.
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GUZMAN1: Our economy minister said days ago that deposits of less than 100,000 euros will not be affected by these measures. But it is not the first time that rectifies.
Today risk premium rises until 362.
Today risk premium rises until 362.
Thanks for the reference. I have some modest investments in Cyprus and Spain, and did not foresee the financial meltdown, My investment in Cyprus is in bricks and mortar so should be ok. But Spain investments I am worried, the unknown !!!!
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GUZMAN1: Our economy minister said days ago that deposits of less than 100,000 euros will not be affected by these measures. But it is not the first time that rectifies.
Today risk premium rises until 362.
Today risk premium rises until 362.
Thanks for the reference. I have some modest investments in Cyprus and Spain, and did not foresee the financial meltdown, My investment in Cyprus is in bricks and mortar so should be ok. But Spain investments I am worried, the unknown !!!!
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tomcatwarne: Thanks for the reference. I have some modest investments in Cyprus and Spain, and did not foresee the financial meltdown, My investment in Cyprus is in bricks and mortar so should be ok. But Spain investments I am worried, the unknown !!!!
Today construction in Spain is very uncertain investment. Properties are losing its price and many building projects are stopped.
It doesn't means that this lasts forever, it's just that people has no money to buy and they have no credit from the banks.
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I have not witnessed any disturbances at ATM machines but I am sure that tempers are high. At the moment, we are waiting to see if the Russians or even the church will bail us out.
As far as we have been led to believe the British Forces here will be reimbursed, it is the civilians who will be out of pocket, the shops and business' under threat and bank employees without a job.
Cyprus has been pushed into a corner and sadly, many more countries are likely to follow.