Cypress bank bailouts - Current Cypress bank bailout

Cypress bank bailouts - Current Cypress bank bailout 

Cypress bank bailouts - Current cypress bank bailout 

Cypress bank rescue plan 

Hit the headlines cypress bank bailout media at the weekend that it has affected the market, which is not even opened yet. 

European Central Bank President strictly cypress bank bailouts dearly, but ultimately it is the people of Cyprus will pay the price. Greece, which is the devil's circle itself financially, 5 billion euro as muc hh sent to Cyprus, Bank of Cyprus said to help meet cash requirements. 

Cypress bank rescue plan 

But it may be futile if there is a bank run, angry people have dunning their savings account for 10% - and will not be able to withdraw money from his account. 

Cyprus Cabinet has announced Tuesday bank holidays, fearing capital flight may even be stretched to Wednesday, depositors must recover the huge Bank of Cyprus, Barber fined. Since then cypress bank bailout news hit the headlines, and on a global scale, a similar incident occurred a few years ago a terrible ground hog one day. 

Nicosia postponed from Monday to Sunday, an Act of Parliament, including the Cypriot bailout - including bank accounts Barber and interest and corporate earnings tax measures introduced - but the ECB insists, as it has a quick vote to sign a domino effect will follow from the week a European banking and markets. So do not expect this simple cypress bank bailout news soon disappear. 

Is on Monday morning, when the stock market crash of Southern Bank and other eurozone bank accounts may be subject to real market turmoil fear. 

Transactions plug-called bail has spent billions of dollars, euro bank account levy a 10% effect. Angry desitors can not get their money, the rest of the banks, because bank holiday, and now extended to Wednesday. 

"Levy" Bank of Cyp

rus eurozone countries about a third of gross domestic product, according to some sources. Imagine how will affect the United States. According to Wikipedia: 

The U.S. economy is the world's largest economy and the world's second largest economy as a whole, GDP of approximately $ 2 trillion of theEU bigger. Nominal GDP is estimated to be $ 15.8 trillion in 2012 [1] about the nominal global GDP quarter. [2] its gross domestic product at purchasing power parity is the largest in the world, approximately a fifth of global GDP at purchasing power parity. [2] 

Imagine if the U.S. economy is (are) in such financial straits, some entities to bail us out, but only if they pay the levy our one-third of GDP. 

It will be $ 15.8 trillion U.S. dollars in third. This will be approximately $ 5.2 trillion. If Cypriots are screaming, we will do what? 

Sunday night's news rescue the market fell by more than 20 points. So there is no doubt that this is a serious problem in many people's minds, we have warned in the past few weeks, the market has been overbought.