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Thread: Should We Bailout Russian Oligarchs In Cyprus?

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    Default Should We Bailout Russian Oligarchs In Cyprus?

    Mario Draghi has described Banks in Cyprus as systemically relevant and wants to extend a 10 bn Euro loan to the country to bailout deposits of Russian oligarchs in banks in Cyprus. Basically the same thing we did with Anglo Irish depositors. But Even Putin now has refused to send Cyprus more money, why should we?

    On the back of an envelope this EU bailout alone for Cyprus will cost the Irish taxpayer 100,000,000 Euro. where is this money coming from?

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    Politics.ie Member seabhcan's Avatar
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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    Mario Draghi has described Banks in Cyprus as systemically relevant and wants to extend a 10 bn Euro loan to the country to bailout deposits of Russian oligarchs in banks in Cyprus. Basically the same thing we did with Anglo Irish depositors. But Even Putin now has refused to send Cyprus more money, why should we?

    On the back of an envelope this EU bailout alone for Cyprus will cost the Irish taxpayer 100,000,000 Euro. where is this money coming from?
    What percentage of Cypriot deposits are owed to Russian Oligarchs?

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    Politics.ie Member Aristodemus's Avatar
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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    Mario Draghi has described Banks in Cyprus as systemically relevant and wants to extend a 10 bn Euro loan to the country to bailout deposits of Russian oligarchs in banks in Cyprus. Basically the same thing we did with Anglo Irish depositors. But Even Putin now has refused to send Cyprus more money, why should we?

    On the back of an envelope this EU bailout alone for Cyprus will cost the Irish taxpayer 100,000,000 Euro. where is this money coming from?
    Health Cuts?

  4. #4

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    Quote Originally Posted by seabhcan View Post
    What percentage of Cypriot deposits are owed to Russian Oligarchs?
    an estimated €25bn of deposits, about one-third of the total in the Cypriot banking system

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    Politics.ie Member Analyzer's Avatar
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    Why not ? It would be consistent with bailing out Russian oligarchs with FingersBank Bonds.

    I am sure the Russians must be p!ssing themselves at the entire concept of Marxism for Mullit-Billionaires, that is now effective policy in the Brussels Pact/Euro Union..
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Politics.ie Member benroe's Avatar
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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    Mario Draghi has described Banks in Cyprus as systemically relevant and wants to extend a 10 bn Euro loan to the country to bailout deposits of Russian oligarchs in banks in Cyprus. Basically the same thing we did with Anglo Irish depositors. But Even Putin now has refused to send Cyprus more money, why should we?

    On the back of an envelope this EU bailout alone for Cyprus will cost the Irish taxpayer 100,000,000 Euro. where is this money coming from?
    Cyprus will have to be bailed out, the bond market is at an all time high, one default will burst the biggest bubble in economic history.

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    Politics.ie Member Windowshopper's Avatar
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    Here we go again. The Cypriot banks must be saved and the people will have to suffer we shall be told.

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    Politics.ie Member Analyzer's Avatar
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    Quote Originally Posted by Windowshopper View Post
    Here we go again. The Cypriot banks must be saved and the people will have to suffer we shall be told.
    A Cypriot version of Suds needs to pen an article in the Cypriot version of THESH!TERIMES to patronize and praise the PAYE taxpayers of Cyprus for their "responsibility" in responding positively to the billionaires in crisis.

    And then articles should follow at regular intervals to scare the SH!TE (what else) out of them, in ase they do not keep taking on more debt.
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Politics.ie Member Windowshopper's Avatar
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    Quote Originally Posted by Analyzer View Post
    A Cypriot version of Suds needs to pen an article in the Cypriot version of THESH!TERIMES to patronize and praise the PAYE taxpayers of Cyprus for their "responsibility" in responding positively to the billionaires in crisis.

    And then articles should follow at regular intervals to scare the SH!TE (what else) out of them, in ase they do not keep taking on more debt.
    We also need O'Reilly to set up a newspaper (maybe they could call it 'da Cindo') which periodically uses phrases like 'green shoots' and 'turned the corner'.

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    Politics.ie Member Frank Galton's Avatar
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    Should we have bailed out Irish oligarchs in Dublin?
    The Daily Mail -- the world's biggest cut-and-paste operation.

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