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Greece has run out of OPM
| July 8th, 2015 at 12:19:12 PM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 | I don't understand how they think they can pay uneducated unproductive people, that are low on the food chain, as much as they pay an educated productive person, and get away with it forever. Socialist countries all do this. The Soviet Union did it and it broke them, yet other countries keep doing it. If you take a risk, you may lose. If you never take a risk, you will always lose. |
| July 8th, 2015 at 1:39:38 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18204 |
Look around, the liberals in the USA want to do this, and they are in some places. $15 minimum wage! Mandatory health insurance to all employees. Mandatory paid maternity leave. We are well on our way. The President is a fink. |
| July 8th, 2015 at 1:40:51 PM permalink | |
| buzzardknot Member since: Mar 16, 2015 Threads: 7 Posts: 497 | WIZARD : " Isn't it a biblical thing to have a debt jubilee (forgiveness) every seven years? " In 2005 the USA bankruptcy reform act changed the time frame from 7 years to 8 years. |
| July 8th, 2015 at 5:37:09 PM permalink | |
| Wizard Administrator Member since: Oct 23, 2012 Threads: 239 Posts: 6095 |
I'm not sure I follow. Knowledge is Good -- Emil Faber |
| July 8th, 2015 at 7:02:38 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Cyprus Joined the European Union: 1 May 2004 and joined the Economic Monetary Union on 1 January 2008 . Former Laiki CEO Efthimios Bouloutas admitted that his bank was probably insolvent as early as 2008, even as Cyprus was joining the Eurozone. Were you getting paid in Cypriot Pounds or were all transactions after 2008? |
| July 8th, 2015 at 8:13:00 PM permalink | |
| DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4961 | I must admit I am enjoying following this "crisis". Sadly I think they will be loaned more money and we will be revisiting this in 5 years. Hopefully the Chinese market continues to tumble and gives me something to occupy my time. At my age a Life In Prison sentence is not much of a detrrent. |
| July 8th, 2015 at 9:40:40 PM permalink | |
| Wizard Administrator Member since: Oct 23, 2012 Threads: 239 Posts: 6095 |
Thus the reason they were eager to take money from Americans, which few foreign banks will do.
My account was in Euros. Knowledge is Good -- Emil Faber |
| July 9th, 2015 at 1:50:03 AM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | Were you at the Cyprus Popular Bank Public Co Ltd which operated in the UK under the trading name ‘Laiki Bank UK’ ?  |
| July 9th, 2015 at 6:36:33 AM permalink | |
| Wizard Administrator Member since: Oct 23, 2012 Threads: 239 Posts: 6095 |
Yes -- the most unhealthy bank in Cyprus. Knowledge is Good -- Emil Faber |
| July 9th, 2015 at 9:04:15 AM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Russians Return to Cyprus, a Favorite Tax Haven By LIZ ALDERMAN FEB. 17, 2014 NY Times So do you own shares in the Bank of Cyprus now? Is there even a remote possibility of getting some of your money back in the future? |