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

Tyler Durden's picture

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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schoolsout's picture

a good start towards keeping your henchmen on your side?

The Juggernaut's picture

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

Pladizow's picture

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

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.

BaBaBouy's picture

BEN SHALOM ChopperS Needed FAST ...

MiguelitoRaton's picture

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

BaBaBouy's picture

Priorities ...

Tze Troop Need To Get Laid...

Send $$$'s Fast...

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...

Zero Debt's picture

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

Manthong's picture

Is that Captain Gresham in that C-117?

cifo's picture

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

gmrpeabody's picture

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

nugjuice's picture

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

mjcOH1's picture

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

Crime of the Century's picture

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

The bad teeth are inside the nose cone

 

 

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.

RealFinney's picture

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

Lore's picture

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

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.

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

MiguelitoRaton's picture

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

Blano's picture

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

somecallmetimmah's picture

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

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

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.

strannick's picture

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

booboo's picture

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

THX 1178's picture

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

ParkAveFlasher's picture

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

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

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......."

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/

akak's picture

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

The Big Ching-aso's picture

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

Blano's picture

I decided that I WOULD go to jail for those.

machineh's picture

Now that was a man's game.

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

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. 

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.

ZaphodBeeblebrox's picture

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

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.

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!

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.

DoChenRollingBearing's picture

Id fight Gandhi

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

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.

Freddie's picture

Where is The Ben Bernanke's helicopter?

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. 

resurger's picture

Awaiting take off clearance from Wallstreet.

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.

tickhound's picture

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

eclectic syncretist's picture

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

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