UK Sends Planeload Of Cash To Its Cyprus Troops As A "Contingency Measure"

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We are presenting this Reuters story without any comment. None is necessary.

Britain said on Tuesday it had sent one million euros ($1.30 million) in cash to Cyprus aboard a military plane for its troops on the island in case cash machines and debit cards stop working.

 

"An RAF flight left for Cyprus this afternoon with €1M on board as a contingency measure to provide military personnel and their families with emergency loans in the event that cash machines and debit cards stop working completely," the Ministry of Defence said in a statement.

And some more from Sky:

Soldiers stationed on the island and their families would be able to borrow the money if cash machines and debit cards stop working completely, the Ministry of Defence said.

 

"The MoD is proactively approaching personnel to ask if they want their March, and future months' salaries paid into UK bank accounts, rather than Cypriot accounts," it said in a statement.

 

"We're determined to do everything we can to minimise the impact of the Cyprus banking crisis on our people."

 

Around 2,500 to 3,000 British military personnel are currently stationed in Cyprus.

 

Chancellor George Osborne has already pledged that military personnel and civil servants would be protected from the levy, telling Cabinet they would be "compensated in full" for any losses.

 

Cyprus' finance minister Michael Sarris, meanwhile, has reportedly offered his resignation and the ruling party is said to considering abstaining from the vote.

 

Some local media have reported that no party will take part.

 

Reporting from outside parliament, Sky's Ashish Joshi said: "The situation here is deteriorating quite rapidly.

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Tue, 03/19/2013 - 12:56 | 3347876 Id fight Gandhi
Id fight Gandhi's picture

Doubt it's enough.

Tue, 03/19/2013 - 12:57 | 3347887 schoolsout
schoolsout's picture

a good start towards keeping your henchmen on your side?

Tue, 03/19/2013 - 12:59 | 3347900 The Juggernaut
The Juggernaut's picture

Bernanke tweeted "I just shat on the seat I'm so upset.  A FUCKING PLANE?!  I'm enviously inspired.

Tue, 03/19/2013 - 12:59 | 3347914 Pladizow
Pladizow's picture

This wont make your average Cypriot even more mad - Nooooooooooo!

Tue, 03/19/2013 - 13:01 | 3347930 THX 1178
THX 1178's picture

There's always a moment, in the world of equilibrium seeking systems, when something takes it foot slowly off the clutch... and the revving... turns into driving.

Tue, 03/19/2013 - 13:05 | 3347959 BaBaBouy
BaBaBouy's picture

BEN SHALOM ChopperS Needed FAST ...

Tue, 03/19/2013 - 13:10 | 3348008 MiguelitoRaton
MiguelitoRaton's picture

Fear a coup, nationalization of banks and disavowal of debt much? Do the Cyriot military come that cheap?

Tue, 03/19/2013 - 13:14 | 3348021 BaBaBouy
BaBaBouy's picture

Priorities ...

Tze Troop Need To Get Laid...

Send $$$'s Fast...

Tue, 03/19/2013 - 13:17 | 3348059 strannick
strannick's picture

Im setting out in a rowboat for Cyprus with Euros. Im thinking I'll get a 2X premium on goods. Hope they have some good stuff there...

Tue, 03/19/2013 - 13:19 | 3348092 Zero Debt
Zero Debt's picture

No helicopters????? Huge disappointment. Risk off!

Tue, 03/19/2013 - 13:24 | 3348129 Manthong
Manthong's picture

Is that Captain Gresham in that C-117?

Tue, 03/19/2013 - 13:44 | 3348282 cifo
cifo's picture

A transport plane for a briefcase of banknotes?????????

Tue, 03/19/2013 - 14:01 | 3348385 gmrpeabody
gmrpeabody's picture

That plane doesn't look English at all...

Tue, 03/19/2013 - 14:09 | 3348435 nugjuice
nugjuice's picture

what the hell is $400 per person going to do? How generous

Tue, 03/19/2013 - 21:11 | 3350589 mjcOH1
mjcOH1's picture

You know....it's just fucking paper.   Fedex a mimeograph machine there and be done with it.

Tue, 03/19/2013 - 14:28 | 3348595 Crime of the Century
Crime of the Century's picture

That plane doesn't look English at all...

The bad teeth are inside the nose cone

 

 

Tue, 03/19/2013 - 14:59 | 3348811 Lore
Lore's picture

What a minute, what are British troops doing in Cyprus?  That's a sovereign nation. The troops should be taken home where they belong.

Tue, 03/19/2013 - 15:01 | 3348817 RealFinney
RealFinney's picture

For someone whos name is Lore, you seem a bit short on knowledge.

Tue, 03/19/2013 - 16:08 | 3349240 Lore
Lore's picture

Google "facetious" and "tongue-in-cheek." ;-)

Tue, 03/19/2013 - 13:21 | 3348102 TruthInSunshine
TruthInSunshine's picture

Headline:  Bankrupt UK deficit spends further to scrape together enough loans to pay to fuel leased airplane in order to send deficit-funded fiat stacks to colonial employees.

In Dicoletian every Modern Money Mechanics debt-drowned nation trusts.

Tue, 03/19/2013 - 13:33 | 3348193 hedgeless_horseman
hedgeless_horseman's picture

 

 

I love your comment.

Afterwards, maybe the UK will sub-lease that plane to the New York Fed to fly Germany's gold back to Germany in a greatly expedited fashion?

http://www.zerohedge.com/news/2013-01-15/germany-prepares-repatriate-its-gold-we-hope-they-have-learned-monetary-sins-past

Tue, 03/19/2013 - 13:38 | 3348247 MiguelitoRaton
MiguelitoRaton's picture

...oops UK just realized plane was repoed by Germany, Cyprus, you're on your own.

Tue, 03/19/2013 - 13:53 | 3348334 Blano
Blano's picture

Dang you beat me to it.  Was wondering how much German gold you could cart around on that plane.

Tue, 03/19/2013 - 13:23 | 3348114 somecallmetimmah
somecallmetimmah's picture

They're Cyypriots, after all.  How many euros does it take?

Tue, 03/19/2013 - 13:37 | 3348010 SafelyGraze
SafelyGraze's picture

it's like that old arcade game, "CYPRIOIDS"

http://oi45.tinypic.com/i6iknc.jpg

hedgeless horseman: feel free to post the image

Tue, 03/19/2013 - 13:12 | 3348025 eclectic syncretist
eclectic syncretist's picture

What plane is big enough to fly the 300 trillion dollars worth of derivatives when payday comes?  3 trillion Ben Franklin's would require quite a bit of ink.

Tue, 03/19/2013 - 13:18 | 3348066 strannick
strannick's picture

300 trillion in digi-dollar derivatives would fit on a zipdrive

Tue, 03/19/2013 - 13:19 | 3348094 booboo
booboo's picture

Who needs a war to wipe out debt when a decent magnet will suffice.

Tue, 03/19/2013 - 13:33 | 3348204 THX 1178
THX 1178's picture

We're dealing with a vampire squid here. Ink aint an issue.

Tue, 03/19/2013 - 13:02 | 3347940 ParkAveFlasher
ParkAveFlasher's picture

I feel like the "Radar" character from MASH ...

"I hear helicopters..." [silence...]

Tue, 03/19/2013 - 13:47 | 3347993 The Big Ching-aso
The Big Ching-aso's picture

M.A.S.H.?   I can still remember the lyrics.....

 

'That Cypricide is painless

it brings on many C-117 changes

and I can't take or leave it

even if I scream pleeeeeeeeease......."

Tue, 03/19/2013 - 13:10 | 3347994 Cognitive Dissonance
Cognitive Dissonance's picture

$1.3 Million? Is that all? Chump change.

<What ever happened to those tens of Billion$ we shipped over to Iraq? Now that was a man's game.>

http://www.independentcrush.com/top-headlines/federal-reserve-shipped-billions-to-iraq-which-were-then-stolen/

Tue, 03/19/2013 - 13:11 | 3348013 akak
akak's picture

We had to helicopter-drop cash over there, so we wouldn't have to helicopter-drop cash over here.

Tue, 03/19/2013 - 13:12 | 3348020 The Big Ching-aso
The Big Ching-aso's picture

Those Bad Idea T-Shirt boobs are distracting me from watching the world disintegrate.

Tue, 03/19/2013 - 13:54 | 3348345 Blano
Blano's picture

I decided that I WOULD go to jail for those.

Tue, 03/19/2013 - 13:18 | 3348079 machineh
machineh's picture

Now that was a man's game.

"Yeah ... a man-sized krast!" -- "Dim," in Clockwork Orange

Tue, 03/19/2013 - 13:11 | 3348011 Buck Johnson
Buck Johnson's picture

I think they know that this won't work and are sidestepping the banks that will have a run on them as soon as they open. 

Tue, 03/19/2013 - 13:35 | 3348223 blu
blu's picture

When Cypriots learn that a plane has landed with 1M euro on it, they'll skip the banks and go straight to the airport.

Tue, 03/19/2013 - 17:51 | 3349738 ZaphodBeeblebrox
ZaphodBeeblebrox's picture

Yeah but when throwing buckets of money to the 'right' interests, nothing beats the maneuverability of a helicopter.

Tue, 03/19/2013 - 13:00 | 3347919 insanelysane
insanelysane's picture

The fine print says this is an "emergency loan."  Probably charging them 20% per day interest and you need to sign over all of your bank accounts as collateral.

Tue, 03/19/2013 - 13:14 | 3348047 eclectic syncretist
eclectic syncretist's picture

If the troops are the only ones who will have cash this weekend I would say they are going to have a wild, interesting ride when they get off base!

Tue, 03/19/2013 - 13:14 | 3348056 The Big Ching-aso
The Big Ching-aso's picture

Well by the looks of that plane easily taking off it's obvious it's loaded with paper fiat.    I mean they should be sending over there real money like Kevin Bass Commemorative Nickels.

Tue, 03/19/2013 - 13:01 | 3347925 DoChenRollingBearing
DoChenRollingBearing's picture

Id fight Gandhi

You might be right, but, 1 million euros might help those Brits stuck there a LOT.

Tue, 03/19/2013 - 13:03 | 3347952 TruthInSunshine
TruthInSunshine's picture

In other news, Mayer Amschel awaits further field reports of the actual to-be-announcements from his moles (original expert networks) he has on payroll in Cyprus.

Tue, 03/19/2013 - 13:04 | 3347960 Freddie
Freddie's picture

Where is The Ben Bernanke's helicopter?

Tue, 03/19/2013 - 13:11 | 3348015 Cdad
Cdad's picture

Where?  Certainly not on the helipad.  In case you forgot, QE4eva, operating since January, has been flooding into foreign [Euro] banks with branches in the US.  Now, as I understand this, the Fed has been swapping greenbacks for Euros to liquefy the old [dead] money of Europe.  If that is the case, and with the Euro nose diving, I'm wondering where on the Fed's updated balance sheet those losses will be revealed in coming weeks. 

Tue, 03/19/2013 - 13:13 | 3348031 resurger
resurger's picture

Awaiting take off clearance from Wallstreet.

Tue, 03/19/2013 - 13:32 | 3348074 The Big Ching-aso
The Big Ching-aso's picture

This is all starting to remind me of the JFK Berlin Airlift.   One thing's for sure though, I'm absolutely positively aerodynamically convinced that Chris Christie is not on that sucker no way no how.

Tue, 03/19/2013 - 13:49 | 3348314 tickhound
tickhound's picture

Yeah except back then they dropped real stuff... now they drop coupons.

Tue, 03/19/2013 - 13:18 | 3348087 eclectic syncretist
eclectic syncretist's picture

Paging Dr. Bernanke, there is a message for you sir....

http://www.youtube.com/watch?v=8WmaAl6hPzw

 

Do NOT follow this link or you will be banned from the site!