tag:blogger.com,1999:blog-18183714.post3756829536950275063..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: Where Is Cyprus?SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-18183714.post-86456817345108449802013-03-28T10:07:07.802+08:002013-03-28T10:07:07.802+08:00One of the EC commented that what happened in Cypr...One of the EC commented that what happened in Cyprus and how they handled the bailout will be a blue print for future bailout funds. So it does make one wonder, no banks are safe anymore and people would never ever leave deposits in a bank. In a way, this is very similar to racketeering. Banks are suppose to manage and protect the money of depositors, instead of gambling away in fancy derivatives and overweight exposure to a certain country's bond (eg Greece).Kazuhttps://www.blogger.com/profile/02345281438094614940noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-14074559745379955762013-03-20T12:06:43.225+08:002013-03-20T12:06:43.225+08:00Luckily (or at least I think its fortunate), Cypru...Luckily (or at least I think its fortunate), Cyprus' legislature voted against the EU/IMF proposal.Anthony Hopperhttps://www.blogger.com/profile/15708347177061466201noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-72967625379815867902013-03-19T22:10:03.659+08:002013-03-19T22:10:03.659+08:00Cyprus is just a tiny dot of an island,with a popu...Cyprus is just a tiny dot of an island,with a population of 1.1 million plus some change.It contributes 0.2% of the total economy of the EU that some citizens of the EU do not even know that it existed.It is mainly a fishing village,tourist and tax haven.<br /><br />Like Dr Mahathir always said Malays(pronounced pea-ple)tend to have poor memories.The AFC consisting Malaysia and some of it neighbours,just a fraction of the EU's economy lasted years and years,causing mass financial havoc among the poor and even the very rich.<br /><br />The EFC is being artificially applied cosmetics make-up.Pumping of a few hundred billions and ECB jawboning did it,because the herd are bought into the idea of the Big Ben mentality.So the investment community conveniently forget about how damaging the Pigg's nations can be,and went along with it,as they had no other choice.Not that most of the funds were heavily invested,many hedge funds were over leveraged.And go against the central bankers and peril at your own doing.<br /><br />The Pigg's nations problems surfaced because they were so broke that they cannot even service their own national debts.There are at least a handful more nations waiting patiently in line.When finally the Pigg's plus some of their newly cloned cows has finally come home,the effects felt over the world will be many times over the AFC. brunohttps://www.blogger.com/profile/18125168104617279859noreply@blogger.com