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(Zero Hedge)   Yesterday: Cyprus problem solved by taking from Russian tax evaders. Today: Cypriot businesses can't make payroll   (zerohedge.com) divider line 154
    More: Asinine, Cypriot, Cyprus, Russians, problem solves, insolvent, current accounts, small businesses  
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10299 clicks; posted to Main » on 29 Mar 2013 at 11:29 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-31 09:49:00 AM

The WindowLicker: The actions they take when dealing with smaller and weaker economies can indicate how they will manage the eurozone as a whole.


Do we honestly think they would try this with Italy or Spain or the like? I doubt it. It looks like they realized they could treat Cyprus like the insignificant economy it is and rape their depositors.

I just can't see them doing anything similar in a larger economy. The blow-back would be quite palpable.
 
2013-03-31 02:32:47 PM

NewportBarGuy: The WindowLicker: The actions they take when dealing with smaller and weaker economies can indicate how they will manage the eurozone as a whole.

Do we honestly think they would try this with Italy or Spain or the like? I doubt it. It looks like they realized they could treat Cyprus like the insignificant economy it is and rape their depositors.

I just can't see them doing anything similar in a larger economy. The blow-back would be quite palpable.


Italy and Spain arent tax domiciles - Cyprus is.  It wont matter if you're a larger economy, the country will fall if it aids and abets tax dodging; it will be saved if the country suffers from it.
 
2013-03-31 06:53:45 PM

sethstorm: Italy and Spain arent tax domiciles - Cyprus is.  It wont matter if you're a larger economy, the country will fall if it aids and abets tax dodging; it will be saved if the country suffers from it.


Oh wow, we're going back to the old faith healer dodge, "Well, it didn't work because they didn't believe hard enough." Yes, I'm sure the mathematics will work out totally differently for faithful countries like Italy and Spain, even though it's been a complete and predictable disaster for that faithless Cyprus.

/at least people are blaming the Russians, instead of the CIA
//unfortunately, that might actually indicate the Russians are a more credible world power now than the USA
///all exactly as Obama promised
 
2013-04-01 02:49:33 PM

Tatterdemalian: sethstorm: Italy and Spain arent tax domiciles - Cyprus is.  It wont matter if you're a larger economy, the country will fall if it aids and abets tax dodging; it will be saved if the country suffers from it.

Oh wow, we're going back to the old faith healer dodge, "Well, it didn't work because they didn't believe hard enough." Yes, I'm sure the mathematics will work out totally differently for faithful countries like Italy and Spain, even though it's been a complete and predictable disaster for that faithless Cyprus.


The problem with that is math has nothing to do with it - tax haven status has everything to do with Cyprus.   As for some despotic country that lost the Cold War - Russia - they just happened to be the criminals in the region; it does not imply any status that they won't get.
 
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