Topic: Cyprus Bailout
Originally posted at 13:57.
MOSCOW, March 18 (RIA Novosti) – Russian President Vladimir Putin believes the Cypriot government’s plans to impose a one-off levy on all bank deposits as part of a bailout deal to get much-needed loans from international creditors would be “unfair, unprofessional and dangerous,” Kremlin spokesman Dmitry Peskov said Monday.
Putin held a meeting Monday with administration staff and economic aides to discuss economic developments in the eurozone, Peskov said.
“In assessing a possible decision to impose an additional tax on bank deposits in Cyprus, Putin said this decision, if made, would be unfair, unprofessional and dangerous,” Peskov quoted Putin as saying.
The European Union and the IMF agreed on Saturday to bail out Cyprus’ debt-laden economy and grant the island nation a loan worth 10 billion euros ($13 billion) in return for the government’s obligation to tax all deposits kept at Cypriot banks.
Under the terms of the bailout deal, Cyprus will have to impose a levy of 6.75 percent on deposits of less than 100,000 euros and 9.9 percent on deposits with greater amounts. Cypriots reacted with shock and rushed to cash machines to withdraw their savings, but many machines refused to pay out.
Cypriot President Nicos Anastasiades said he had to choose between the “catastrophic scenario of disorderly bankruptcy and the scenario of a painful but controlled management of the crisis.”
The bailout plan has yet to be approved by Cyprus’ parliament, with the vote on the bank deposit levy scheduled for Tuesday.
Russian banks are heavily exposed to Cyprus risk as they had around $12 billion on deposit with Cypriot banks at the end of last year, with Russian corporate deposits accounting for another $19 billion, according to estimates by Moody’s international rating agency.
Russian Prime Minister Dmitry Medvedev echoed Putin’s comments on the Cyprus bailout deal, comparing the proposed tax on bank deposits to “the confiscation of other people’s money.”
“Quite strange and controversial decisions [are] being made by some EU member states. I mean Cyprus. Frankly speaking, this looks like the confiscation of other people’s money,” Medvedev said, speaking at a meeting of the supervisory board of national development bank Vnesheconombank.
He added that Russia may have to reconsider its relationship with Cyprus if the island nation introduces the controversial tax on bank deposits, but did not clarify what specifically he had in mind.
Updated with Medvedev's comments and Cyprus parliament's decision to postpone voting until Tuesday.
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- MattMarriottCOLLAPSE of BANKS script: The four stages20:34, 18/03/2013COLLAPSE of BANKS script: The four stages
The collapse of Banks script, part of the BIG BANG script catching the human cattle by surprise, was exposed long ago by Last Prophet Matt Marriott.
The four stages:
- 1: some banks "collapse" and are "bailed out" to justify "austerity", in particular the "sovereign debt" hoax.
- 2: savings and pension funds of ALL banks in a particular area are reduced by X%, where X between 9.99% and 40%.
- 3: ALL banks in in a particular area declare bankruptcy, ALL savings and pension funds are reduced to 0 (anihilated).
- 4: Stage 3 for ALL areas.
Cyprus: Communists v Conservatives theater to upscale stage of collapse of Banks script in Illuminatziland
Cyprus human cattle gets the prize for buying the "conservatives" broken record: "bank accounts are safe":
"something will happen to your savings BEFORE you have the time to react", accordingly to illuminati's religion goal of endless deception.
Generalized robbery of savings and pension funds starts in Cyprus, 16 March 2013, weeks after the election of the official EU agents.
The stage was set by the previous Cyprus government of illuminati agents in the role of communists.
The two main tasks of the Cyprus "communists" were obviously the same as of any other "government" of a EU former country now reduced to a colony:
- to sell the core message: "there is no alternative to the euro currency";
- to transfer national assets to the illuminati safes.
- Bugbeartraitors in your midst21:25, 19/03/2013Why do so many "Rich" Russians have their deposits in Cyprus and NOT in a RUSSIAN BANK funding loans for Russian people? Ahh yes it is so EU citizens can be rich and the top 1% of Russians can be rich while the rest of Russia rots. Think you have some traitors in your midst Russia.
The growing outright rivalry between the United States and China gives Russia more foreign policy weight, enabling it to assume the role of a balancer. So far it has been doing so rather skillfully. Today it may participate in a joint naval exercise with China that Beijing positions as outwardly anti-American. But tomorrow it can team up with the naval forces of the Old World.