Search This Blog

Wednesday, March 27, 2013

Student Protest, Capital Control, etc

Protesting students and bank workers, capital control, still closed banks and last but not least politicians who are not really sure what to say. These are the latest news from Cyprus. So lets see them one by one.
Yesterday thousands of student left their classrooms to let the world see and hear what they are thinking. They said, they feel betrayed, like their future has been stolen from them. And I have got to say I agree, the only problem is that their generation is not the only one who lost their future. News were reporting about the horrible teachers who dragged poor children on the streets. Of course the reporters forget, that these "children" may be young, but that doesn`t mean they don`t have their own opinions. These students already have made up their own minds, there is no teacher who can drag them on the streets, if they dont want to go!! They are not entitled to vote yet, but they are not far from it by high school and since this is the time they all have to figure out what they want to do with their lives, of course they are entitled to be angry and say or try to do something about it, if they see the world going in the wrong direction. I think its marvelous that there are young people who are willing to stand up for what they believe in. They still have fire in them, not like the other generations. I do believe that the world should not go on like this, that they are slowly and very painfully killing is, whit this created crisis, and although there are strikes and protest I feel like nobody is really doing anything, and nothing is changing for the better. Because most people are afraid of the unknown, they are afraid if they dont obey the demands of the troika, than it will be worst then now. But when I see all these young adults on the streets, I have hope again. Throwout history is shows, that younger people have more fire in them, more want and need for changing things. I believe that my generation is the one that should do something, should change something so that the one generation younger then us, these high school students will have a future. But my generation seems to be waiting, for what I dont know?! Sometimes when I see people close to my age and they just shake their heads, and sigh like I am crazy for thinking this things, I am so disappointed and my heart just aches with this unbearable pain.  I just want to grab them and shake them up from this ignorance they are living in, they are like the ostrich that puts its head in the sand when danger comes, as the old saying goes. I see, just like those high school students our future slipping away from our hands like sand or water, and I feel the longer we wait the harder it will be to change things. Whenever there is a salary cut, and people go on the street to protest, they try to say something, they try to say we dont want this, but then after a couple of days, nothing changes and people just give up and go back to work, like this nothing will ever change. We can look at those students and take example of them, and be proud of them, that they said something. We should all truly think about that if these students, who care more about about trend, and dating, and parties, and smartphones, if they are on the streets saying something is wrong, then the rest of us are doing something very badly. We, all of us who are older then them, are responsible for them. We have to make sure that their biggest problems are choosing what they want to study after high school and figuring out what they wanna be when they grow up.
But students were not the only ones protesting yesterday. Also bank workers were protesting yesterday, and not just from Laiki. Which at first it might seem a little strange that from the two bigger banks (Bank of Cyorus and Laiki) they are eventually going to close down Laiki, then why the workers of Bank of Cyprus are protesting? Of course one reason could be because of sympathy, since they are all bank workers. But there is an other reason, which they are trying to hide and no major news or newspapers talk about. They said they are going to divide the assets of Laiki into good and bad. Which means then the good assets will go to the Bank of Cyrus, and the bad assets would just stay in Laiki, bankrupting it. But with the good assets they are also transferring a 9 billion euro ELA loan. What is ELA? ELA translates to Emergency Liquidity Assistance. Which is like a big loan shark to make it easy to understand. Practically when a bank feels short of cash and there is no one else who would give money to this bank, because they feel its too high risk and the bank may not be able to pay it back, but they fear it would have to big of an impact on the countries economy they turn to loan-sharks, just like deperate people take up usury loan. Of course just like in small, in big also they come with very high interest rates, and if there is no one else who would lend to a bank like this, then this bank is in big trouble, so desperation drives them their. You can say, its like one last thing to try before be go down under. So the workers of Bank of Cyprus fear that the bank may not be able to handle this debt (not good asset) being transferred to their bank, and they fear it might eventually collapse under its weight. Which would mean, that their bank will end up like Laiki, bankrupt and they will end up like the Laiki bank workers, unemployed. Now we can all understand, why they are protesting.
Capital control?! By now the politicians realized, they screwed up, big time. They know, that if they just reopen the banks, people will take their money out, and might cause damage that after this the politicians wont be able to fix. So they try by force (well not with a gun, but almost) to keep people from bankrupting their banks. I wonder, who gave the right to any politician to control what people do with their money? Or to be more accurate: Who the hell do you think you are to tell me what to do with the money I worked for? Politicians seem to forget how sensitive people are about this issue. They think with capital control they can make people do what they want. Well in my dictionary, when a government uses force to reach its goals, we dont call that a democracy. Even if that force is not guns and soldiers. Where I come from, we call this a soft dictatorship. They think if everyone of them repeats it every day, that there is no problem, people didn't loose their trust in the banks, that nobody wants to take their money out, then it will come true or that like this they can brainwash people and reach a herd affect? Meaning, ah if nobody takes their money out, I wont either? Do they truly think that's how stupid people are?! Or if they think if they say it enough times it will come true, well let me tell you know: it wont. But lets see, what they are trying to do. So, there will be weekly withdraw limit, there will be no cashing cheques, fixed term deposits would have to mature before they can be withdrawn and even then you will not be allowed to withdraw it all at once, there might be control over debit and credit cards uses between banks and control on taking money out of Cyprus. And who know with they will come up before the banks reopen. Of course yet, we dont know what the limits will be, since these they haven't made public yet, and I am pretty sure they wont until the last minute, because it will anger people.
Although I have already mentioned above politicians saying things. There is one in particular that I would like to give some attention to. J. Dijsselbloem (Dutch financial minister and president of the euro group) said yesterday: "Currently there are no apparent signs of a higher-than-normal withdrawal of savings or of transfer of savings from peripheral to core countries." Wow, somebody should really shut this guy up! First he made the mistake saying what happens in Cyprus is a template to use for other countries, then of course he said no, no, I was wrong, It`s not a template, Cyprus is special. And since then every major politician alive is trying to say the same thing. So Cyprus, feel good about yourself, you might be in big trouble, but they think you are special! That will save you... And now he said this above mentioned little jewel yesterday. Just to explain... Dear Mr. Dijsselbloem, if the banks are closed of course there is no run on the savings, especially with the cash withdrawal limit, what you expect that people will take their money a 100 euro per day (which lots of them do)? No, they are waiting for the banks to open, so they can take their money out. But by then there will be capital control implemented, so still it will look like people are not running to the banks to take their money out. I mean, seriously (!) people like this are leading our lives and making decisions about our future! Really there must be something really wrong in this guys head! He shouldn't be allowed to talk, ever....Its like when you watch a movie, and it looks like the actors are flying in space, they are not (!) they are hung from strings in front of a green box! It looks like something, but its something totally different!
Well, today is a new day and its a new chance for the politicians to screw something up. Lets see how it goes. We might find out the capital control limits, or we might hear they are not ready to open the banks tomorrow, and its already Thursday, then its Friday so you know, its only two more days, we will open them on Monday. Anything can happen, we will see.

Until next time, thank you for reading and please comment:-)

Monday, March 25, 2013

Cyprus: Failure or Success?

The initial goal was to save Cyprus`s banks, well this they didn't manage to achieve. So If we look at it from this way, then it was a failure. But of course, by now nobody will remember what they really wanted to do in first place. The last week the politicians made such a big theatrical play, that by now all people remember is that they saved Cyprus from going bankrupt. And we are thankful for our saviors. Because once again they have us believing that it was such a long week for them and they tried really hard and they fought for us, and they managed to save us. The truth on the other side is, that all this was a well ahead planned act. They throw some phrases around, make it look like its the end, so people will panic, then they pretend to try really hard, then they come out looking like saviors just like when Moses made water out of the rocks in the desert. Unfortunately most people don't realize that they new well ahead Cyprus will not go bankrupt,they did the same act before, not once. They did this with Greece, we panic and they enjoy it, because like this the people seem to forget whats really happening. They just think, oh my god what will happen if we go bankrupt, it never happened before, we don't know how is it going to go down, so please just not the uncertainty. People rather live with whatever the troika forces on them, then face the unknown. Of course the agreement came in the last minute, not a moment before, just like everytime.
In the beginning they were talking about a 9.9% cut on the deposits above a 100.000 euros, by now they are going to close down Laiki bank, thousand of people will loose there jobs (which nowdays is almost a death sentence, because its so hard to find an other job), and any uninsured bank-accounts will be almost lost almost completely. The uninsured bank accounts are to raise 4.2 billion euros, which is far from the 5.8 billion Cyprus is needing (so where is the rest of the money going to come from? Obviously there will be some sort of take outs from the bigger deposits in the Bank of Cyprus too, no?!). Of course everybody is happy to hear that there will be no levy. Yes, that's true, there will be no levy, but at what cost?
IMF chief C. Lagarde said:
"This agreement provides the basis for restoring trust in the banking system, which is key to supporting growth."
Restoring trust in the banking system? For who? Who will trust a bank after this? Yes, the small deposits will be saved, for now. Who says this will not happen again in Cyprus or elsewhere? This is something that happens now for the first time, and after this they will be implementing this anywhere else, if they feel its needed. And the next time it happens, who is to say that they will leave out the small deposits? (There is an EU law that says, that the government has to ensure the deposits smaller then 100.000 euros, but if a government is bankrupt and has no money to pay salaries and pensions what makes you think that they will pay back the lost deposits? Honestly nobody thinks about this?! Yes, you can have a claim, what is it good for if there is nobody to get it from? There are so many people around the world that have been in a situation when somebody owes them money, but this person has nothing, no money no property so you can not get your money, you have the claim, but its worthless!) Anybody that has any brain will not trust a bank which is in the territory of the troika. I rather keep my money under my cover or in the chicken coop than in a bank, at least i know its there, even if like this I don't get interest after it. Or invest it in something solid, like a property, because whatever happens, the property will be there even if the economy falls.
The other problem Cyrpus will be facing the coming time is that lots of people have lost faith and trust in the banks, and who can blame them? As far as I know, we live in a free world so who is a government to tell me I can not take my money elsewhere, because in Cyprus they did on Friday. They will try everything for people not to empty the banks completely. Which is still a big chance, at least for those who happen to have a bigger horizon then what they want people to have. The story the troika and other politicians want you to believe is this: yes there was a chance for Cyprus to go bankrupt, but we avoided it, we saved your deposits because all that is lost is Russian money, so don't take your money out of the banks, it will be safe and sound. But the truth is that is that your savings are not safe, and it was not all Russian money that is lost.
They try  to make it look like that there is not a Cyprian or anybody else except for a Russian, who can have more then a 100.000 euros, why? I don`t understand this. Yes when you have nothing, and you compare it with a 100.000 euros with nowdays cut down salaries, then it is a lot of money. But think about it in an other way, you have been working your entire life and you collected for your retirement years, or you are collecting for sending your 3-4 kids to college, or you inherited a house that you sold, this money is not that much in that aspect. But its again a brainwashing technique, to ensure European people dont think they have lost, and a couple of Russian billionaires can afford to pay and they wont even feel this amount. And if they can`t? Yes I am sure there are some people that stole, cheated or killed for the money they have, there is lots of people who get their money illegally, but why do politicians think everybody is like them? Everybody thinks everyone else is like them, yes that's true. But you have to first of all have good faith in humans, because if I think everybody cheats, lies, kills for money then I don`t want to live in this world, second of all most of us are just average people, working hard to save something for the future for our dreams, and up to my knowledge we are the majority, not them!!!
And on the other hand can I ask that simply question why should anybody pay? Regardless of nationality. But this doesn't seem to bother Russia, since they announced they will be revising the 2011 2.5bn euro loan to Cyprus, to contribute to the restructuring efforts.
For me it looks like the troika is punishing Cyprus for being creative, Cyprus is a small country, torn apart by a war that still lives in people, and they have a lot of problems, so they try to make the best they can. On an island that struggles with water problems they can not survive on agriculture, so they try to make it on other things, like their banking system. It may not have been a perfect or even a good system, but the troika lead by Germany thought, how dare they trying to do this?
On one side they are saying there will be no measures on the accounts in the Bank of Cyprus, and that there will be no levy on any accounts. On the other hand Mr Dijsselbloem said: "The percentage to be levied on large deposits in the Bank of Cyprus will be resolved in the coming weeks." So where is the truth now?
The trouble is not over yet! Except Laiki and the Bank of Cyprus all other will open up tomorrow morning, the other two on Thursday, or at least its what they are saying.
Well after a completely ruined long weekend people tomorrow will get back to work, of course they made sure that people spent this three days worrying instead of their families, and instead of resting they will go back to work stressed and tired, but who cares? Its a "small" price to pay for saving Cyprus. The spring just started on the 21st of March and it brought with it trouble, I wonder what else we will see this spring?


UPDATE: They have announced later yesterday that no Bank will open in Cyprus until Thursday.


Please comment, would love to hear your opinion:-)
Thank you for reading!

Saturday, March 23, 2013

Short Update on Cyprus`s Struggle

So we are waiting for a while for somehting to happen. By now most people think, anything, I just want to know!! And we can not blame them for this. Its been a rough week in Cyprus and things are not getting better. I dont want to rewrite like everybody else for the hundredth time what`s going on, Im pretty sure everybody know by now. But lets see what happend since Thursday.
So first they said they will have a plan B and vote on it by Thursday, of course this didn`t happen. Then they said on Friday they will vote on it, this didn`t happen either ( if only there would be a punishment for missing deadlines, I wonder why is it that if I miss a deadline in school or in work I get punished and lectured, they don't... Well....). Though on friday the Cyrpian parilament did vote on some things. A total of nine bills and the main context is:
  1. Restructuring of the banking sector, starting with the most troubled bank of all - Laiki Bank, the country's second largest
  2. The creation of a solidarity fund: nationalising pension funds and other state assets
  3. The approval of capital controls to prevent large fund withdrawals out of Cyprus
 Well its like I say today I'm going to make a dinner with 4 courses, then I go in to the kitchen for a couple of hours and come out with a toast sandwich....Its food, but its not a 4 course meal. Of course, restructuring the bank sector was a demand from the EU, but its not the major issue here. Since still nobody has an idea about from they are going to collect the money they need to secure the 10 b.n. euro bailout loan.
Solidarity fund, isn't it a nice name? Just to pull a little resemblence, in my previous post I was talking a bit about Hungary, when there they tricked people out of their pension funds everybody was so angered, not just in Hungary, but all over Europe, everybody was saying it wasn't correct, the government shouldn't have done this, but by now this isn't the first time, that a government touches a pension fund, so its OK, right? You see, if there is an experiment going on in one country, like Hungary with the pension funds, or Greece with the salary cuts and people take it, then they think its perfectly alright to do it everywhere else to.
And then the beauty of the votes, its the capital control. First they close the banks down preventing people from accessing their money, and now even if they do reopen they wont be able to take their money out of the country. Isn't politicians smart? They know, that there is probably not a lot of people left who after all this would trust a bank with their savings, and they know as soon as the banks reopen, there will be mass withdrawal (even if they try to say something else in the news and newspapers, just think what you would do!), so to prevent this they tell you: you cant take it out. Nice move, they are really trying to save those Cypriot banks.
In the meantime Russia very polity said, well thanks but not thanks. So there is no new loan coming from Russia, even though they offered them part of their gas reserves ( the ones, that they would come in active in 2020, and also Turkey warned over them, that hey we would have a world or two if you do that) and also they didn't loosen the payments of the previous loan Cyprus received from Russia in 2011.
However, after public blame has been put on Greece for bankrupting Cyprus, Greece is offering a helping hand ( as we say where I come from, the blind is leading one with no eyes(no offense meant for anybody)). So Greece`s Pireus Bank offered to take over the local units of the Cypriot banks. What a helping hand, no? I`m sure now all the problems of the banks are solved.
Also as I mentioned before life is getting harder in Cyprus, since some cash withdrawals have been limited to 260 euro/day. In most places they don't accept cards anymore and people are getting more and more frustrated and scared. Though I can not blame them a bit.
But regardless of everybody wandering whats happening behind closed doors, we don't know yet anything. We heard ideas about how they are going to get the money, but we haven't heard this Plan B as it is. I am guessing they don't want to anger the public anymore, so we are only going to know more after they have voted on it, and then there will be little people can do about it. There is still today and tomorrow for the parliament to figure out some way ( maybe they should robe a banks :-) ), because monday is a national holiday in Cyprus.
Oh, before I forget, nice things happen in the world, every country has national holidays and if we are lucky they happen to be on weekdays, which means like in this case that we get to have a long weekend. Its like a mini vacation, except, when they ruin it for you, like now in Cyprus.
So back to where we were, so Monday its not just a national holiday, but also the deadline with which the ECB is threatening. So this is going to be one of the longest weekends ever in waiting I think, and by next Tuesday we will see what they decide. I just truly wish they wouldn't play with our heads like this, because we all know that things are already decided, they just like the suspense...but this isn't a movie, and if it was I would just forward to the end of it, just to know!

What kids watch nowdays?

When I was a kid of course we didn't have lots of TV channels, and even less programs dedicated to children. The ones we did have were tho truly for us. I grow up watching classic Disney cartoons, like Cinderella, or Tom and Jerry, the Flintstones, Winni the Pooh, etc. I grow up waiting every weekend, when in the morning they had cartoons for us kids on TV and every Sunday afternoon by 16:00 I was ready with homework and chores so I can watch the Disney show. They always tolled me to stay a kid as long as I can, because once I grow up there is no going back.
In my time there were no cartoons explaining to you about how money works, or teach to save your pocket-money, or explaining about violence. No, we were just watching Coyote and the Road Runner and laughing everytime the Coyote missed the Road Runner, we didn't care how he got the stuff out in the middle of nowhere or if it was correct to try to blow the Road Runner up. And we didn't think that the Coyote was a terrorist, as a kid I never even heard that word. Somehow in my generation and probably also before there was no issue that a cartoon is too violent, because we understood that is a cartoon, obviously none of us would go and try to shoot each other because we saw it on a cartoon, or try to fly with balloons like Winni the Pooh for some honey.
I had responsibilities as a kid, do your homework, do your chores, help out, etc, but when I got to play it was for fun. To watch a cartoon in my times was about taking a break and not about watching something like this:
I treasured my cartoon watching Sunday afternoons as a kid, I don't think kids who watch things like this treasure the minutes they spend watching this.
This animation was aired on a German national TV station for kids about Hungary. I couldn't find it in English, so I am gonna tell you what it is about (just in case you don't speak German). It talks about how Hungarian politicians don`t respect EU laws and that reporters cannot work freely, that the last time in Hungary they resoled the rights to frequencies for radios, some of the radio stations who didn't approve of the governments ways didn't win the frequencies they wanted, that in Hungary the government wants the people only to hear good news from the TV stations and the newspapers, that the government cut the rights and possibilities of the constitutional court and because of all this Hungary might get punished by the EU.
Of course I don't agree on any level with the things that has been going on in Hungary the last years. I don`t agree about cutting the wings of the constitutional court, because a government should have somebody who can control them, or at least try. Of course I don`t agree with prime minister Orban practicly making sure that even if he doesn't win the next elections still his people will be in decision making positions in almost every office that matters. Of course I didn`t agree when he made people to give up their private retirement funds. Of course I was astonished at how calmly he can lie during the last snowstorm in Hungary ( in case you haven't heard: Hungary had a snowstorm combined with a very strong wind last weekend, and march 15. being a national holiday, everybody was busy preparing to celebrate this rather then to prevent almost 6000 cars being stuck on highways. During this time, it is customary in Hungary to give out medals to people who did something great, while the celebrated few were having a nice a dinner part of the country was already stuck on high ways, others were cut off from electricity, etc. And Mr. Orban decided to calm the nation by posting that enjoy your dinner, since there is not one person in Hungary who is hungry or cold, because everybody have been rescued out. Of course this was not true and even a day after this post people were still not helped, but what else happened in that day would worth a post on its own.). So to sum it up, I don`t agree with what has been going on, but I don't think for a second that a child should be concerned about this.So my problem with this video is not that it is not true, of course I would like to know who made Germany the judge of that? When I was young, my great-grandmother used to tell me this: "Don't tell the neighbor that his porch is dirty, until yours in not immaculate and even then you don't have to live at the neighbor! " So is Germany`s porch immaculate? I don`t think so...
But outside of this, by biggest problem is with this video is about what we let our kids to watch?! Nowdays there are soooo many "new" ideas about raising a kid. There are actually parents who don`t let their kids watch Tom and Jerry, because they say its too violent (seriously!!! I would say something nice for these people, but...). But its OK to watch animations about money, and how the EU works, and what a country does wrong....No its not! Most of us would never deal with anything that has to do politics, if we could. If it didn't affect out lives, who would be the masochist to listen them lie everyday? Nobody, but most of don`t have a choice, because we need to know what new taxes are coming, whats will be the next law that will make out lives more complicated, how much are they going to cut down from my salary next month. We, adults need to watch the news, and be informed about these things, not our kids. Yes, kids need to learn about the world. But why don't we teach them about the beauty of a snowy mountain, about the wonders of the sea, why don't we teach them useful things like building a tent ( if we go on like this, might need this knowledge one day, but by then nobody will care about what Germany thinks Hungary does wrong) or show them how fun is it to lie on a meadow and count butterflies, show them how fun is it to climb a tree, ride a bike, or watch the clouds and try to figure out what they are shaped like. These are things our children should learn, they can learn about the rest later, if they want to. If they don't? It wont be a tragedy, but if we take away their innocence it will be.

Please comment:)

Wednesday, March 20, 2013

Cyprus says: NO!!!

And there is light at the end of the tunnel! At least that`s how I see it. Finally somebody said no to a bailout demand. In the recent years we got used to hearing demand from the EU, the IMF, the ECB and warning after warning from Germany and others that unless the troubled countries do as they are told (without any negotiations) they will go bankrupt. But nobody up to now called them out on their bluff. And yesterday Cyprus finally did it. So congrats!! Of course this brings with itself a whole new set of questions, but for a moment lets just celebrate the fact that the Cyprian people said no and so did their parliament.





They said that either Cyprus implements these measures, or they go bankrupt. So now that they did not, this should mean that they go bankrupt, pulling with themselves maybe even the whole euro-zone. Unfortunately I don`t think that they are going to let this happen. Probably they will come up with some different terms, or it might even happen that the "Dictators" have to back up and save Cyprus even like this. If we just look at things on the surface this would be logical, since they invested plenty of money and time trying to avoid the collapse of the euro-zone the last couple of years, so why give up now? But this could mean that countries who have been bowing and saying yes to everything on bailout terms might get a little angry. Because lets face it, for example the Greek people have been saying for a long while now, why don't you negotiate at least with them? And now if Cyprus gets saved even though they don`t do as they are told, then why should the other countries implement anything? If you get saved whether you do what they say or not, then why do it?! So this could be a ground for lots of anger bursting out, because up to yesterday we were all told, that do it or you will go bankrupt. Even though nobody thinks about the other side. If Cyprus goes bankrupt it will not just have an affect on Cyprus. It will have an affect on those countries too that are holding us at gunpoint. If the Greeks would have had the courage to say no earlier, maybe by now we would now how this is going to play out. Unfortunately they didn't, so now is the time to find out. The EU will have a big problem if now they are forced to back up, because they will not have the upper hand the next time there are negotiations about bailout measures.
On the other side in a couple days we might have to face harsh reality. That the EU says if Cyprus doesn't bend, we will not help. And then comes the wait... Whether Cyprus goes bankrupt alone and the rest survives, injured but still saveable. Or we all go with Cyprus down the drains. Because it can happen that after Cyprus exits the euro, other countries will follow it in bankruptcy. And then it can all go down like the domino....one after the other, and we may have to learn to live in a different world.
But before this happens lets also look at this dispute a little deeper. Because don't forget this time its not just about Cyprus vs. EU, there is also Russia in the picture. And we might be close by, and we might have peace on the surface, but it might not be so nice if we scratch this surface. If Cyprus in any way implement these or similar measures and Russian investors take their money out of the Cyprian banks, then those banks might have to close down forever. On the other hand, if Cyprus doesnt get the bailout money the banks still might have to close down foerver. Well, thats a tricky one...but if they don't vote and the Russian investors do leave their money in the banks, who is to say that if on Thursday they do open the banks the Cypriots will not take their money out, which could also lead to bankruptcy of them. I sure would not feel safe leaving a cent in the bank after this and I am assuming I am not alone with this thought. Because now it was a "small" amount they try to take away from it, but what`s the guarantee that next time this will not be a bigger percentage?
But back to the Russia vs. EU match, or I could say Russia vs. Germany (I seem to remember a couple of these battles over the time of history....) and lets see who has the stronger punch, who will win this game? Because it`s not Cyprus, that's for sure.

Feel free to comment :-)


Tuesday, March 19, 2013

Welcome to the Club Cyprus!

I mean of course the club of countries bailed out by the EU. I made the mistake of listening to the news Saturday evening...maybe I shouldn't have because I almost got a heart attack. The first news that they said was that over Friday night Cyprus, the EU and the other participant agreed on a bail out package for Cyprus. At first of course every naive thinks: Hey, after 8 months you managed to agree, congrats! (Of course i do not agree with bail out packages on a personal level, but you have to have a positive attitude to things. So if a group of politicians can agree on more then on what to have for lunch during their meeting its a step forward for them...)
And then comes the cold shower, of on what terms? And the other little comments. I had lots of problems with what they said on TV, so lets go in order.
The first thing that made me want to kill somebody was the levy that they planned to take away from the people`s savings... And of course later it turned out its not a plan, or something they will implant, they simply solved the problem by closing down all accounts. Just before people could wake up and take their money out from the bank. No, No, Don't  you get any ideas.... So imagine that in these hard days especially, you scrape and you collect something. It does not have to be a lot, it can be even the smallest amount. So you collect your little savings for you know, small people`s reasons, like lets say you want to send your kids to college, or you thinking about the unlivable pensions now days, or you thinking you could loose your job and until you get an other you could live off from this, or an illness can come in the family and you need to cover bills, or you are just thinking about your next electricity bill...or you could be thinking of some dreams, like renewing something in your house, or going for vacations next year, or getting married...It could be almost anything. Because most of the people can not say, that my house is paid for, my car is paid for, all my kids are already out of college and supporting themselves, I can afford two vacations every year, and I am debt free so I just have my saving because I there is nothing better I can do with my money. Well, in the world where I live this last one is not the common case. So we have lots of normal people, with their normal problems and dreams and Saturday morning they wake up for the fact that the money what they earned and saved is not theirs to do so as they please. That`s something to wake up for.....Nice....Correct me if I am wrong, but lets assume that I am still talking about an average worker who already taxes after this money, once when you earn it, then again when you make a profit on it and now an extra "tax" just because the government says so. And on top of it they don`t even give you a choice about it, they simply close everything down. What if lets say I have my savings in a long term investment, which if it is broken then I do not get the profit I am suppose to...Just wondering, who is going to repay that? Or even if I don`t have it in a long term investment, I just don`t want to touch that money and I would say ok I pay, because I don`t have a choice, but I don`t want to pay it from my savings, I have enough money at home under my bed, then again I do not have a choice about it, right? Or lets say, that I am a fan of organizing and in the family we have  six different savings account, one for college fund for the kids, one for next years vacation, one for the renewing of the kitchen, one in case something happens and one-one for the kids, in case they want to get married or start their lives, then they get to tax them all? Because then this does not come out for the percentage they are throwing around, even if all of these accounts do not hold 100.000..... These were my first thoughts, but before I could get a heart attack from this the reporter was going on....
And then the second thing he said pissed me off, that Cyprus is in this situation because of Greece. Seriously? You people got nothing better then to blame everything on Greece? Greece and Greek people have enough problems without everybody always pointing the finger at them!! Lets revise, just because I am a reasonable person. So Cyprus has 1,099,341 and Greece has 10,815,197 people. Cyprus suppose to have a growing, blooming economy (or maybe not?!), I`m sure I don't have to say whats the situation in Greece ( but as a reminder not a blooming economy, not even close). Cyprus`s GDP (current): $24.69 Billion US Dollars, Greece`s GDP (current): $298.73 Billion US Dollars (data from the World Bank). So I have two questions: 1. If Cyprus had so much money that they could have invested enough to potentially bankrupt them then it should not be a problem, since they have so much money, no? 2. Or if they didn't have so much money to invest then this could not have driven them to bankruptcy, right? Or do I see this in the wrong way? If I do, I would love for somebody to try to explain how is it, that a country that is exactly one tenth of Greece could have saved Greece first and then go bankrupt because of it?
And then came the third little shower, which was nothing compare to the first two. So as now days its normal, they call up somebody who lives in Cyprus. So let me quote some from the conversation ( not word by word):
Reporter: How do you feel about the decision? 
Lady: Of course I am not happy, and basically very angry.
Reporter: Didn`t you think that you have to take part in repaying the debt? Take responsibility?
Lady: Of course I did, but not like this.
And there it is, the second question line of the reporter was what triggered me. I`m sorry, did she spend it this money? Did she make this debt? Its the same attitude in Greece, Spain, everywhere. It doesn't matter who made the debt (politicians), we were not even born yet or we were too young to even have a chance at saying don't spend that money, but we got to pay it back. You are kidding, right? We have no saying in how they spend the money, or even on the part of how they try to collect it back from the people, we just have to pay for it. Because they say so!
And then I am asking again, why people are not on the streets with torches and pitchforks? Why? How long can they get away with stuff like this?
And lets go back to the topic. Since then some new thing happened, but I was trying to wait before I post, maybe get some more info...
So since then president Nicos Anastasiades said on Sunday that did not want this, and he understands the anger and rage of people. Excuse me, he was not present at the negotiations? If he did not want this, why did he agree to it? Or was he playing on his phone when they were discussing this point of the deal? And he said he will try to change it. Change it to what? 9,9 % to all? Because he already agreed, and now its only the matter of passing it throw the parliament, no problem! If he wanted changes maybe he should have done it at the table before ti was a done deal, not after feeding people bullshit.
And then what I read in the newspaper, the EU did not expect this reaction from the people. Why? What did they expect? That people will be like, yes here is my money take it. Take it all! No problem!
And of course there is also the method, closing down first the account, and now they are not opening the banks. Hmmm.....that seems to be the solution.... I think they should keep them closed forever, to ensure people never take any money out from the banks so they don't go bankrupt.
And then there is the promise of this will not happen anywhere else... What I saw in the last years, is experimenting. They are experimenting how far they can push the people in one country, if they take it then they do it in other countries too... 
I wish that all the people of the world, we would have the sense and the courage to do something about this, so that this can not happen. We suppose to live in democracies, we suppose to have rights and freedom, but some of us woke up in a dictatorship where politicians can decide about our money without our permission....I wonder what would happen if tomorrow everybody all over the world would decide to take their money out of all the banks? Maybe that would change their attitude...maybe...