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  1. #76
    Thailand Expat HermantheGerman's Avatar
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    Quote Originally Posted by Butterfly View Post
    nothing is explained in those videos, they are just interpretations of events, so basically opinions based on speculative logic

    the only answer is "we don't know"
    The bonuses for bankers are definitely a cause . The british and american wankers are still insisting on it.

  2. #77
    Thailand Expat

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    Ahh, the kraut perspective. Zer verld vill marchen to our tune......off to Cyprus for your hols Fritz?

  3. #78
    Thailand Expat HermantheGerman's Avatar
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    Quote Originally Posted by the dogcatcher View Post
    Transport infrastructure stinks.
    Not their fault.
    Who's fault is it then ?
    One of the reasons why Greece stinks. Can't get your goods from A to Z in a timely manner. The money they received from the EU for infrastructure has been taken by Collectiniou Corruptitis and Lickas Anus.

  4. #79
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    ^The Turks' fault. Also rocky terrain and banditos.

  5. #80
    Thailand Expat HermantheGerman's Avatar
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    Quote Originally Posted by thegent View Post
    Ahh, the kraut perspective. Zer verld vill marchen to our tune......off to Cyprus for your hols Fritz?

    I must have hit the spot with "Wanker" !
    Last edited by HermantheGerman; 29-03-2013 at 01:05 PM.

  6. #81
    Thailand Expat HermantheGerman's Avatar
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    Quote Originally Posted by robuzo View Post
    ^The Turks' fault. Also rocky terrain and banditos.
    sounds like a John Wayne movie

  7. #82
    En route
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    Quote Originally Posted by helge View Post


    All explained here :
    I love those guys.
    It's time like this I really really really wish yoo toob wasn't blocked

  8. #83
    Thailand Expat KEVIN2008's Avatar
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    AN AMERICAN CORPORATION
    You have two cows.
    You sell one, and force the other to
    produce the milk of four cows.
    Later, you hire a consultant to analyse why
    the cow has dropped dead.

    A GREEK CORPORATION
    You have two cows. You borrow lots of euros to build barns, milking sheds, hay stores, feed sheds,
    dairies, cold stores, abattoir, cheese unit and packing sheds.
    You still only have two cows.

    A FRENCH CORPORATION
    You have two cows.
    You go on strike, organise a riot, and block the roads, because you want three
    cows.

    A JAPANESE CORPORATION
    You have two cows.
    You redesign them so they are one-tenth the size of an ordinary cow and produce
    twenty times the milk.
    You then create a clever cow cartoon image called a Cowkimona and
    market it worldwide.

    AN ITALIAN CORPORATION
    You have two cows,
    but you don't know where they are.
    You decide to have lunch.

    A SWISS CORPORATION
    You have 5000 cows. None of them belong to you.
    You charge the owners for storing them.

    A CHINESE CORPORATION
    You have two cows.
    You have 300 people milking them.
    You claim that you have full employment, and high bovine productivity.
    You arrest the newsman who reported the real situation.

    AN INDIAN CORPORATION
    You have two cows.
    You worship them.

    A BRITISH CORPORATION
    You have two cows.
    Both are mad.

    AN IRAQI CORPORATION
    Everyone thinks you have lots of cows.
    You tell them that you have none.
    No-one believes you, so they bomb the ** out of you and invade your country.
    You still have no cows, but at least you are now a Democracy.

    AN AUSTRALIAN CORPORATION
    You have two cows.
    Business seems pretty good.
    You close the office and go for a few beers to celebrate.

    A NEW ZEALAND CORPORATION
    You have two cows.
    The one on the left looks very attractive...

    VENTURE CAPITALISM
    You have two cows.
    You sell three of them to your publicly listed company, using letters of credit opened by
    your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption
    for five cows.
    The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company.
    The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States , leaving you with nine cows. No balance sheet provided with the release.
    The public then buys your bull.
    Last edited by KEVIN2008; 30-03-2013 at 03:44 AM.
    Consultation en ligne www.viagrasansordonnancefr.com pharmacie francaise

  9. #84
    R.I.P
    Mr Lick's Avatar
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    Cyprus bailout: Eurozone finance ministers discuss crisis



    The cost of Cyprus' bailout has risen to 23bn euros

    Related Stories


    Eurozone finance ministers meet on Friday to finalise a bailout for Cyprus amid news that the country needs much more money than first thought.

    The meeting in Dublin will review how Cyprus can raise its contribution to the bailout being put together by the European Union and IMF.

    The cost of the rescue has risen to 23bn euros ($30bn; £19.5bn) from 17.5bn euros, according to Cyprus' creditors.

    Meanwhile, Cyprus has loosened the capital controls it imposed last month.

    In order to secure 10bn euros from the EU and International Monetary Fund (IMF), Cyprus will have to find the remaining 13bn euros, about 6bn euros more than previously thought.

    The finance minister of Luxembourg, Luc Frieden, said on Friday that Europe and the IMF could not increase their 10bn euro share of the bailout.

    "I believe the policy will be that the volume will remain at 10bn [euros]," he told a German radio station.

    Late on Thursday, a Cypriot government spokesman confirmed that one fundraising option being considered was the sale of some of the country's gold reserves.
    Privately European officials are very anxious - they are uncertain where growth will emerge from”
    Gavin Hewitt Europe editor

    "The Cypriot government put various options forward, including this," Christos Stylianides told a news conference.

    He blamed the gulf between the original bailout total and the new 23bn figure on the previous administration and the time it took to negotiate a bailout, delays which pushed the cost of recapitalising its banks much higher.

    Mr Stylianides accused former President Dimitris Christofias of failing to "take responsibility, and complete indecisiveness" in promptly negotiating a bailout.


    'Big burden'

    Analysts said the increase in the cost of the bailout meant Cyprus faced huge new challenges.

    Jonathan Loynes, chief European economist at Capital Economics, said that the "biggest burden of the increase in the bailout will fall on depositors and bank bond-holders, whose combined contribution will rise from an expected 5.8bn euros to 10.6bn euros."

    Under bailout terms agreed in March, depositors with more than 100,000 euros in savings will bear part of the cost of the rescue.

    The bank sector on which much of the Cypriot economy was dependent is shrinking, and thousands of jobs are being lost.

    Laiki Bank is being wound up and its healthy assets transferred to the Bank of Cyprus.


    Capital controls

    Late on Thursday, Cyprus relaxed restrictions that were imposed last month on access to accounts in order to head off a run on banks.

    The capital controls, the first that any eurozone country has applied, were put in place when banks reopened on 28 March after they were closed until a bailout agreement.

    A new decree, which will remain in place for seven days, lifts all restrictions on transactions under 300,000 euros, a move aimed at helping cash-starved domestic businesses which had difficulty paying suppliers and employees.

    Also, the daily limit on transactions outside of Cyprus not requiring prior approval is raised from 5,000 to 20,000 euros.

    However, the daily cash withdrawal limit of 300 euros stays in place.

    Meanwhile, eurozone officials at the meeting are also due to review Slovenia's growing problems.

    There will be no discussion at the meeting of finance ministers, and the country will not make an application for bailout funds.

    But Slovenia's finance minister, Uros Cufer, is expected to present to EU and European Central Bank officials his plan to shore up the country's finances.

    Slovenia, which adopted the euro single currency in 2007, has been forced to recapitalise its main banks and the economy is struggling.

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