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Forum Post: Cyprus crisis: 'I'm scared for where we're all headed – it will be a bloody Tuesday'

Posted 1 year ago on March 22, 2013, 11:19 p.m. EST by itsmyblood (10)
This content is user submitted and not an official statement

The island’s banks will reopen next week for the first time since the crisis began. Nathalie Savaricas talks to panicked savers in Nicosia desperate to withdraw their cash. “It will be chaos, people will be queuing to get in the banks so we’ll have to get up very early in the morning,” she said. “I’m scared for where we’re all headed, as so many people will be mad not to be able to access their funds – it’ll be a bloody Tuesday.”

http://www.independent.co.uk/news/world/europe/cyprus-crisis-im-scared-for-where-were-all-headed--it-will-be-a-bloody-tuesday-8546569.html

The potential exists for this to spread like a virus through the worlds economies you have been warned.

13 Comments

13 Comments


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[-] 1 points by Shule (1538) 1 year ago

I don't think what happened in Cyprus will happen in the U.S.A. The ordinary guy got or is getting his savings squeezed out of him. People no longer have any money in the bank to withdraw.

And for those who still have a few bucks to save, the evil oligarchy is driving interest rates down so low, it is no longer worth putting savings money into the bank.

[-] 1 points by itsmyblood (10) 1 year ago

It will spread like a virus through the EU and that will effect the global economy.

[-] 1 points by Shule (1538) 1 year ago

Probably.

[-] 0 points by gnomunny (5691) from St Louis, MO 1 year ago

Next week should be very interesting.

[-] -1 points by jrhirsch (4714) from Sun City, CA 1 year ago

How much money do you have on deposit in Cyprus?

[-] 1 points by itsmyblood (10) 1 year ago

Are you attempting to present a logical fallacy as an argument?

[-] 0 points by jrhirsch (4714) from Sun City, CA 1 year ago

The fallacy is the doom you're predicting.

I can't find Nathalie Savaricas mentioning "bloody" anywhere on Google except on this Occupy post. Did you make that up?

[-] 1 points by jrhirsch (4714) from Sun City, CA 1 year ago

Thanks for the link.

"Ms Harilaou, 59, says she plans go to the bank on Tuesday and withdraw as much cash as possible – though she’s well aware there will be a cap on how much of her own money she can take.“It will be chaos, people will be queuing to get in the banks so we’ll have to get up very early in the morning,” she said. “I’m scared for where we’re all headed, as so many people will be mad not to be able to access their funds – it’ll be a bloody Tuesday.”

Extremely poor journalism by the author of that story. There's no evidence presented to support the women's prediction of violence.

"The potential exists for this to spread like a virus through the worlds economies you have been warned."

Do you have any evidence to support this statement? Cyprus is an infinitesimal fraction of the world economy.

[-] 1 points by gnomunny (5691) from St Louis, MO 1 year ago

She may not have meant 'bloody' in the context of violence. It could have just been a figure of speech.

[-] 3 points by jrhirsch (4714) from Sun City, CA 1 year ago

Reread the title and tell me what you think the author was implying. Plus the last sentence. I just get so tired of the constant fear mongering present on the internet.

[-] 2 points by gnomunny (5691) from St Louis, MO 1 year ago

Yeah, it does have a bit of a fear-mongering tinge to it.

For the record, I wouldn't blame anyone for pulling their money out of their bank and stashing it at home in this day and age. But the TBTF's don't make most of their money from individual depositors so it really wouldn't do much as far as hurting them financially. If it did, I'd encourage everyone to do so.

[-] 1 points by itsmyblood (10) 1 year ago

But the EU is not.