Originally Posted by cmonstanley (Post 1047253)

is this theft? BBC News - Shock in Cyprus as savers face bailout levy this just shows the audacity of goverments and banks.i think this is pure theft .so now its not worth saving anything or getting a pension because the goverments and banks will just steal it off you.i can see europe in flames in the summer.

Originally Posted by Less (Post 1047260)

No where near theft compared with the amount of server space you steal off AccyWeb with your strange posts.

Originally Posted by cmonstanley (Post 1047253)

is this theft? BBC News - Shock in Cyprus as savers face bailout levy this just shows the audacity of goverments and banks.i think this is pure theft .so now its not worth saving anything or getting a pension because the goverments and banks will just steal it off you.i can see europe in flames in the summer.

Originally Posted by MargaretR (Post 1047341)

The bank rate has been at 0.5% for a while now.

The Bank of England is considering reducing it to below zero.

Paul Tucker: Bank chief raises the prospect of a base rate BELOW zero in bid to kickstart spending | Mail Online

....the banks would then need to charge savers for 'looking after':rolleyes: their money.
....which sounds like a variation on the savings tax inflicted on Cypriots.

Originally Posted by cmonstanley (Post 1047285)

why is it strange,could this be a blueprint to do the same in this country.so its alright to follow all the rules save up for a rainy day and then these scummy slimeballs steal your money. to keep quiet would be strange.are you a secret banker:confused:;)

Originally Posted by cashman (Post 1047390)

Yer being ripped off Margaret,thats how it works,always has.

Originally Posted by cashman (Post 1047390)

Yer being ripped off Margaret,thats how it works,always has.

Originally Posted by Margaret Pilkington (Post 1047404)

Well, no Cashy I'm not ,because I won't sign up for one of these 'modern' current accounts........but each time I go into the bank they tell me that my account is an 'old fashioned' one....I tell them 'it's like me then!'

Originally Posted by jaysay (Post 1047356)

Don't think Less is a banker but you're certainly an ham shanker:rolleyes:

Originally Posted by cashman (Post 1047406)

Splendid, thats exactly same as me, but never having been one to waffle much,i just say a loud NO.:D

Originally Posted by cashman (Post 1047406)

Splendid, thats exactly same as me, but never having been one to waffle much,i just say a loud NO.:D

Originally Posted by GEaston (Post 1047512)

Most of the money in Cyprus banks is Russian anyway which is why the Germans insisted on the 10% levy, as a condition of the bailout.

Originally Posted by cashman (Post 1047513)

Shouldn't think that'll matter a jot to all the British Ex-Pats that may well lose.

Originally Posted by cashman (Post 1047513)

Shouldn't think that'll matter a jot to all the British Ex-Pats that may well lose.

Originally Posted by davebtelford (Post 1047528)

I think it is theft - being dressed up as a tax. It will send shivers down the spines of anyone who has savings at banks in other Eurozone countries especially Greece, Spain, Italy, Portugal & Ireland (might as well say ALL of 'em!).

I expect the move will backfire as many savers will remove their money and never trust the banks again.

Again people who have been prudent and saved their money get clobbered while the feckless go scot free!

Originally Posted by Margaret Pilkington (Post 1047540)

This raid on savings could have disastrous consequences...with people all over the Eurozone taking money out of the banks, the system will collapse
I am bound to ask if the single currency is worth all the effort...and my answer would have to be NO.
If the countries which require a bailout were allowed to leave the single currency and revert back to their own monetary systems, they could devalue their currency, this would make holidays cheaper/more competitive/attractive, and would bring in tourists......work for those who have no jobs...the countries would be in charge of their own destinies and could even promote fiscal growth.....and the resentment that is felt by the people of the PIGS and Cyprus would fizzle out.

There is a lot of resentment in these countries, at having edicts foisted on them from the EU...especially while the EU mandarins are seen squander money like it is going out of fashion.

Originally Posted by jaysay (Post 1047574)

Makes you think how lucky we were keeping the £, the only think we have to do now is convince our politician in Westminster (when he's there) that the people who elected him would like to stick two fingers up to the European union and get back to reality, I won't be holding my breath

Originally Posted by Barrie Yates (Post 1047577)

Now, now Jay - Sir Ken says GJ spends every waking hour working in Parliament or his constituency - Perhaps Sir Ken will care to comment on this and tell us what the justification is:confused::confused:

Originally Posted by cashman (Post 1047578)

I would think, yeh got more chance of being struck by lightening.:D

Originally Posted by jaysay (Post 1047574)

Makes you think how lucky we were keeping the £,

Originally Posted by jaysay (Post 1047574)

Makes you think how lucky we were keeping the £, the only think we have to do now is convince our politician in Westminster (when he's there) that the people who elected him would like to stick two fingers up to the European union and get back to reality, I won't be holding my breath

Originally Posted by Eric (Post 1047882)

Wasn't Gordon Brown Chancellor when the land of Uk decided not to adopt the € ... you remember, don't you, it was during the 13 years of etc. etc. etc.?;) Of course, it was just bs luck:D

Originally Posted by Margaret Pilkington (Post 1047874)

Says it very well...very well indeed.
I wonder if Brussels will get the message?