This page has been archived and commenting is disabled.
Rampapalooza As Cyprus-Troika Reach Deal (Updates)
UPDATE: It appears the 'deal' to default/restructure the banks has been designed to bypass the need for parliamentary votes, since it is theoretically not a tax.
While we have little color on what kind of carnage the President of Cyprus had to accept to his fellow countrymen, the news is that :
- CYPRUS, TROIKA REACH AGREEMENT IN PRINCIPLE, EU OFFICIAL SAYS
- DEAL MADE AT DINNER WITH DRAGHI, LAGARDE, VAN ROMPUY, BARROSO
The terms, unsurprisingly what zee Germans wanted, are:
i) Laiki to be wound down;
ii) Bank of Cyprus to survive but with deposit haircuts of up to 40% for the uninsureds, and
iii) deal would see secured deposits in Laiki moved to Bank of Cyprus.
In other words, a deal far worse then the original on proposed by the Eurogroup last week - when the banks still existed. The key appears to be the 'saving' of the insured depositors (crucial to avoid a pan-European bank run) and the crushing of the 'whale' depositors.
A more granular breakdown of the deal's "accomplishments", but with the same result for large depositors, via Reuters:
- Laiki will be resolved immediately - with full contribution of equity shareholders, bond holders and uninsured depositors - based on a decision by the Central Bank of Cyprus, using the newly adopted Bank Resolution Framework.
- Laiki will be split into a good bank and a bad bank. The bad bank will be run down over time.
- The good bank will be folded into Bank of Cyprus (BoC), using the Bank Resolution Framework, after having heard the Boards of Directors of BoC and Laiki. It will take 9 billion Euros of ELA with it. Only uninsured deposits in BoC will remain frozen until recapitalization has been effected, and may subsequently be subject to appropriate conditions.
- The Governing Council of the ECB will provide liquidity to the BoC in line with applicable rules.
- BoC will be recapitalized through a deposit/equity conversion of uninsured deposits with full contribution of equity shareholders and bond holders.
- The conversion will be such that a capital ratio of 9 % is secured by the end of the program.
- All insured depositors in all banks will be fully protected in accordance with the relevant EU legislation.
- The program money (up to 10 billion Euros) will not be used to recapitalize Laiki and Bank of Cyprus.
As Bloomberg further clarifies, uninsured depositors, or those with over EUR100,000 in savings may be completely wiped out: "Deposits below the EU deposit-guarantee ceiling of 100,000 euros will be protected, and a loss of no more than 40 percent will be imposed on uninsured depositors at the Bank of Cyprus, two EU officials said. Uninsured depositors at Cyprus Popular would largely be wiped out, two other officials said."
Farewell Russian oligrach money. We hardly knew ye.
S&P 500 futures and EUR are surging, Gold is dropping modestly.
We await final confirmation of the final terms of the final deal once the Cypriot people wake up (and don't forget the ECB 'standard of living' rules).
The Cypriot Parliament still has to vote for this - and not one of them voted for it last week.
Filling the 'Cyprus' Gap
Treasuries sold off- 10Y back to 1.945% (+2bps) and 30Y 3.17% (+3bps)
This is far from over...
So let us get this straight, we have no further information on the actual terms of the deal than we did on Friday afternoon; the government (who rejected the deal last week) has no details of the deal yet; and the actual impairment for the depositors is far worse than last week's rejected deal; and the market is rallying...
It would appear the week was spent sorting through the names of bank accounts in each bank and the one with the most ending in '-ov' is to be wound down...Laiki
Step 1 appears to be 0500GMT Eurogroup Meeting (as per Holland's Diesel-Boom) agreement...
UPDATE: There is talk that there may be no need for the government to vote for this - since it is not a 'tax' but a bank restructuring. It seems they have kept it in the bankers... the ECB (in its independent way) tells the Cypriot NCB what it should do, the Cypriot central bank then restructures its bank how it sees fit - good/bad bank and haircuts where it sees fit - this then gets around need for vote from government AND any possibility of a European Union law (on taxation) being broken...
»
- 71453 reads
- Printer-friendly version
- Send to friend
- advertisements -
We are f*cked
~~~
Yeah ~ That's it... No curiosity WHATSOEVER 'beyond' that...
Enjoy your fucking... CHUMP
~~~
To BOTH you & MNEWN... The question remains... 'UNDEFINE' joobux [which, undeniably, was the basis of your wrath]...
he's an idiot anyway. Where do you spend "joobucks"? I thought they were bailing out Cyprus with Euro's. But then I have heard that the Jews are responsible for all the economic turmoil in the world. Let me see, where have I heard that most often.............?
But then Zero Hedge respects the first amendment and for that they should be lauded> The price of freedom is tolerating ignorance.
I'm not sure either, but you can be sure that it is not in a retail establishment.
I can almost GUARANTEE you that, as of this moment, JOOBUX are the primo currency to snort coke out of, PAYOFF Colombian druglords, or get a blowjob from Ukranian hookers'... The rest, I'm not sure about...
~~~
Edit: As of this EDIT... 11 'junks'... [which is to suppose that $100 bills, or $20 bills, are RARELY used to snort coke out of, pay off Colombian druglords, or slip into the panties of Ukranian hookers]... Sorry ~ my bad... I guess they use BITCOINS for that... The REST comes from NON-LAUNDERED 'gold coins' that come from Howard Cunningham's hardware store cash register on 'Happy Days', which are thus rolled into gold foil...
Dipshit ['sportin' the TOMMIE SMITH solidarity]
~~~
Euros are more JOOBUX than FRN's are... Dontcha kno?... But you wouldn't kno becuz ur just a big Barry White lookin ass motherfucker...
Off your meds today Francis. Able to discern race and ethnicity digitally now. Careful with that magical thinking. Cause that would be like someone that with a name like Francis you must be of the female gender.
& the stories are inevitably true...
~~~
When logic fails... resort to ad hominem 'character' attacks...
I thus kneel down before the ZOD of ad hominem...
"When logic fails... resort to ad hominem 'character' attacks..."
Like you didn't attack the character of a whole race of people. You just shit on yourself dude rendering your ravings just that. This is fight club dude and you just led with your jaw.
My VERY FIRST question [on this thread]... Was as follows... 'UNDEFINE 'joobux'
~~~
Explain to me, precisely, how that is "attack[ing] the character of a whole race of people"...
Moreover... for the '4th TIME' within this thread tangent... UNDEFINE 'JOOBUX'...
~~~
Edit: Look at that... a coupla 'Hippty Hop Hoorays' before the question is even answered... Does AIPAC pay 'overtime' on Sunday nights, or do they just pay TRIPLE for multiple usernames?
Francis: I don't like no one touching my stuff. You Touch my stuff, I kill ya. Any of you homos out there touch me, and I'll kill ya. You guys call me Francis, and I'll kill ya.
Sgt Hulka: Lighten up Francis.
Can't we all just get along.....
Lighten up, Francis.
original...
~~~
[Oh look ~ a 'junk' ~ therefore ~ 'CLEVER'... absolutely fucking inspired... Are you 'SEXTING' mnewn as we speak?}...
Do the Cypriots have to supply their own vaseline?
I think they have to buy it from the jews first.
Germany calls the shots and the Jews get maligned. Suspect Spock would have a problem with that logic. But then he was probably a Jewish Vulcan
Oh ~ I finally 'get it' now... Draw upon SPOCK LOGIC
~~~
OK people ~ francis_sawyer has been TOTALLY wrong all along... I never understood the SPOCK LOGIC in determining culpability...
Sorry!
I better mosey on over to HuffPo or MSNBC for 'logification'...
Jesus (oh damn, he was a Jew, never mind).
You motherfucking twit...
~~~
I could give a fucking rats ass whether or not JESUS was a jew or not...
Want to hear a story?
This morning I was driving along some back roads [dairy farms, as the case may be, around my area]... & I was marvelling, actually, at the herds of dairy cows, that were just sittin around without a care in the world enjoying the cool morning...
After a moment, I started thinking... 'I wonder if these cows KNOW it's Easter Sunday' [whereby ~ that same thought immediately IMPRESSED upon me the fact that... 'WTF' does it matter]... LATER ~ I realized it wasn't even Easter Sunday in the first place...
I suppose... NEXT SUNDAY... I'm going to drive by the same field & all those same cows will be lined up in some kind of holy ceremony...
Moral of the story?: Fuck all you motherfuckers...
"You motherfucking twit..."
Thank you. Coming from you I consider it a compliment Francis.
"cows, that were just sittin around without a care in the world enjoying the cool morning..."
You should take a lesson from those cows.
Uncanny FULL COURT PRESS by AIPAC, this evening, March 24, 2013...
~~~
I resign...
They ARE ~ IN FACT... Better than the all the rest of us people... Hand over your guns to them & give them all your gold... NOW... Before it's too late... Maybe you'll get to be their house servants instead of having to row in the galleys...
Bon chance!
"I suppose... NEXT SUNDAY... I'm going to drive by the same field & all those same cows will be lined up in some kind of holy ceremony"
You live among Hindus?
FWIW nmewn ~ I don't actually think you're one of the ones that I supposedly folded in to the above statement... I think you actually got caught in the crossfire [even though your gristle started the whole thing]...
~~~
It is what it is...
...on the subject of HINDUS... I suppose there's WORSE in the world...
We're cool...there are much bigger fish to fry here. And yes, there are MUCH worse than Hindus but I'm gonna leave it at that.
Had a guy pass away here in my town that was Hindu. Had the whole deal goin on, incense, multi-armed Vishnu...the whole shabang. No one could pronounce his name so we all called him Vic (the first three letters of his name).
But he was venerated as one of us, one of our community. He gave back by sponsoring baseball, soccer teams etc. and when someone had an accident and was unisured (hard times) he was there, lost dog?...post it on the window, no questions asked.
He was a good man, no matter what his religion was.
Damn nmewn ~
Don't get me wrong
~~~
I was kind of surprised that you jumped on my chops this evening for this post... But I'll let it go... [LET IT GO IN A SENSE THAT ~ NEITHER OF US WON THE DAY, BUT WE BOTH LET OUR VOICES HEARD]....
In the end... I promise you... I'm going to think what I think [1307 & beyond]... I'm not AGAINST [THE PERSON] of what anyone else thinks [but I won't hesitate to take their arguments to the mat]...
If it weren't for all of that [above described]... ZH wouldn't exist...
PEACE ~ fs
"I was kind of surprised that you jumped on my chops this evening for this post..."
There were many tiimes when I walked right past it without giving it a second thought. Basically, ignoring it, taking no action, positive or negative. I think the people who post on ZH believe in free speech but free speech also does not require anyone to agree with the speech.
Even though I disagreed with your past "opinions" they were/are yours, you're entitled to them. Last night you inferred everyone who was junking you was a jooo or paid to down arrow you or some damned thing, implying some vast conspiracy...which wasn't the case.
Let this be a warning to you, when you attack the integrity of one Banana Split you attack the integrity of all Banana Splits ;-)
Peace
meh.
Russian mafia money. Whew wouldn't want to be the ones that did that.
From Prizzi's Honor but would apply here as well.
They'd eat their children before they'd part with money and they love their children.
Thats cause they are crunchy and go good with Ketchup
surprise,surpise,surprise, in my best gomer pyle imitation
Shazam, bitchez.
60 minutes and counting until rumor denial.
It's all fake. The S&P didn't go down on Cyprus and now it is skyrocketing on the "resolution".
Once again, good news and bad news are all good news for the S&P. The only bad thing for the market is no news. If there is no news, must manufacture a crisis that can be "solved".
That guy who keeps saying "It's all bullshit" was right all along.
bukakke theater
One couldn't fucking make this shit up.
Yes, one can.
http://www.theonion.com/articles/celebrity-drug-busts,8396/
http://www.theonion.com/articles/fraternity-in-danger-of-losing-house-la...
Note the dates...
Ya'll are just a bunch of preverts.
God I love this place;)
So true in so many ways. Wish I could have upped ya 1000
Well that was supposed to be for Otto, but hey thhis is good too.
What has been fixed? Good bank Bad bank? Is that like Bernanke's balance sheet?
You knew it would be "fixed".....
Does the parliment of Cyprus have to vote on this deal? If so, who will vote to take the Russian's money?
My understanding is that "they" must vote. "They" are currently being read the riot act.
This so reminds me of the $700B blank check bailout bill eventually passed by the US CONgress. First they voted "NO", then the world ended, then they voted "YES" and everyone was saved.
If he aceepts this deal, the Cypriot president might as well change his name to Jim Jones while attempting to get the rest of his parliament to drink the Koolaide.
At least they would be better off doing that than meeting up with the Russkies.
Why not just change it to Jim Corzine and move to NY. Heck, his money was transferred into his JPM account 2 weeks ago.
Are all parties represented in the meeting?
What the hell is wrong with Portugal/Greece/Ireland/Italy/Spain/France that they cannot form a united front against Germany? I guess this explains the predicament they are in.
COG DIS thus your screen name. Though I suspect it is contagious. Either that or I never came down from that last acid trip some 40 years ago. Wouldn't it be nice if they could take a 30 minute reality check so the chewed up Klonipin would have a chance to kiick in.
Sorta like "I voted for it, before I voted against it." What goes around comes around.
Reminds me too that we're not supposed to negotiate with terrorists...and like in 2008 it appears that doesn't apply, once again....
It's as if the yin merged with the yang
When does Europe ever not make a deal?!! They are not going to let a runt like Cyprus sink the boat...it never had to be this way though, whoever did the talking last friday needs to walk.
Now all the Cypriot legislators need to do is sign their own death warrants by passing the Germans' latest solution into law.
I thought the president was going to resign.
he was going to but was reminded of the photos of him with the naked......................
Happy days are here again, the skies above are clear again..........
And when it rains, it rains pennies from heaven.
So. Are currency controls to cripple Cypus' economy worse in than basket-case Greece, or are deposits to flood out making a 2nd bailout agreement needed in a few weeks time...?
"a few weeks time" is always preferred over "immediately".
In this case immediately would be my bet. The speed with which they are shuffling the debt around has Scotty going apolectic.
It sure brings Dow futures to a new all time high.
Final erection coming...
"Final erection coming..."
I don 't know about that. The indices seem to have been living with priapism for quite some time now.
And they believe that this deal will pass the parliament vote? I'm long plutonium...
whew!! Damn that was close....bring on the next manufactured crisis..
".. a massive 40 percent 'haircut' on deposits of more than 100, 000 euros..."
http://www.news.com.au/breaking-news/world/cyprus-in-last-ditch-bailout-talks/story-e6frfkui-1226605081089#ixzz2OVMcKrOa
Algo generated news to move the algos? Looks like skynet has learned to blow it owns bullshit to fuel itself. It is like a perpetual bullshit energy machine.
I had to log in and give you an up DCH, that was right on and funny as hell.
So a worse outcome than last week and everyone cheers. WOW !
The average Cypriot should say, good but never again.
Next!
Typical Rothschild tactic: use news to manipulate price, in this case, sending EURO higher while getting in short positions, then, when the truth is revealed, seize a huge profit at the expense of the majority.
Remember the $900 million EUR/USD put.
Remember the battle of Waterloo
I would say exactly. Just I can not fathom how this is condidered good news sending futures through the roof? How is it that a Bank can rob it's customers and people celebrate by feeding the kleptocracy more.
Whoops, I forgot. It's different in the U.S. never mind.
And a small homemade bomb has gone off at a local Bank of Cyprus branch.
http://www.guardian.co.uk/business/2013/mar/24/eurozone-crisis-cyprus-ba...
Link is not working for me. I get the ugly wheelchair dude.
U Tube. They missed the ATM thank goodness. Was probably empty anyway
http://www.huffingtonpost.com/2013/03/24/bank-of-cyprus-bomb-explosion_n...
THX!
Yep, Cypriots voting, and voting early
and in other news generallissimo francisco franco is still dead
Oh so that's why paper gold and silver are getting flogged right now... Everything's fixed!
Get me off of this fucking clown-infested planet.
To me, it just means more opportunities to buy gold and silver cheaply.
Im hoping my Tax Overpayment (I used to call it a tax refund, but it has too much of an oxymoron tone to it) comes soon. Would love to barter unused toilet paper for shiney phyzz
this will never end
Yes it will, dear... all you need to do is "calmyourself". Sorry, couldn't resist...
.
This means to me that if you have a corporation, Troika in Europe can shave off 40% of your deposits regardless of liabilities you have.
Oh, I love this.
And since a great deal of U.S. tax payer money was used to help bailout Europe Troika guess who else gets a haircut? Which I guess is cool. I mean just look at the futures. Outright theft is not only no longer a crime but is cheered and rewarded.
fuck you you disinformation troll...
Setting up as a good exit of stocks and a smack down to buy gold.
And the reason for buying the euro is?
Cos confiscation of deposits makes it stronger right?
And the big depositors won't flee?
It's just laughable.
confidence has returned to the Euro because the banks will be safeguarded at all costs.
Imagine the turmoil if governments cleared their debt and the banks took a hit... there could be a crisis with high unemployment, low growth, and riots and stuff..we don't want that do we?
Fuck it. A little more time to stack and prep.
Russian Oligarch: You take 25% of my bank balance, my men take 25% of your extended family members, fair deal
Not to mention Nat Gas fields to the South with trillions of cu/ft...
Good deal! No one gets killed for their vote.
Bad deal! No one gets killed for their vote and "derivates" remain hidden.
I meant deviates of course...
Whatever... I've been "unbanked" for a dozen years now. Wathching the "banked" sheeple run is more entertaining than DWTS.
Have to be retarded to keep >100K in a euro bank account at this poitnt.
But I think there are more retards than silver bars. After all, we elected barack obama twice.
Who is 'we' ?
GLOBAL we (I never did vote for the man).
Elected? Hardly.
Fiat score nigga!!!
you can only use that word if we all qualify..so..nacker or crigga instead please..
;>
looks to me that (even though this is a complete cock-up) the ecb at least has made an attempt to "reach out" to oridinary cypriots.
of course, it was never the ecb's right to do this in the first place..or should that be..it was never the troika's right to do this in the first place, especially when we see that the IMF (and frecnh government) continues to be headed by criminals..
http://www.guardian.co.uk/world/2013/mar/20/christine-lagarde-flat-raide...
how ironic it is for the IMF to have a say about money laundering and the activities of tax evaders when she is, in fact, one herself.
i guess she learnt from the best
http://bigstory.ap.org/article/lawyer-french-ex-president-sarkozy-facing...
now...all we need is for another "bunga bunga" jacuzzi party from an italian politician whose face is stetched tighter that a hot air balloon and we can gt back to the rise and rise of the protest vote of europeans against a centrally planned socialist economy
i am reminded of that famous german saying "be my brother..or i smash your face in"
then again, what goes around in europe, comes around in the US..so my prediction next week is the outing of elected government officials in the US on sex charges that would make a catholic priest blush
YES! More ching-ching for the stock market bulls! More barbecued shorts tomorrow and the smell of seared rectum on the opening. Now you should all add to your silver short and make some serious dough! God Bless America.
Remember this: The house doesn’t beat the player.
It just gives him the opportunity to beat himself.
Nicholas Dandalos “Nick the Greek” (1883-1966)
And the money man always wins.
http://www.news.com.au/breaking-news/world/cyprus-in-last-ditch-bailout-talks/story-e6frfkui-1226605081089#ixzz2OVMcKrOa
".. a massive 40 percent 'haircut' on deposits of more than 100, 000 euros..."
Damage is still done.
3 weeks ago Cyprus was fine, then all hell broke loose. Nobody will see banks and bankers the same again because they've shown how much control they really have over everybody's lives. They lie about the condition of banks and then they did a sneak attack on people's life savings. You never forget that.
qwar5 - could you repeat what you just said. i forgot already. signed the sheeple.
I hear ya. Should say, you never forget who was on DWTS when the government announced 10% of your life savings was confiscated.
so let me understand this.
this entire week when there was fear that cyprus was going to go under, etc, the market reacts as if nothing is wrong and goes on like everything is well.
however, now that there has been some type of ''deal'', the market reacts as if we had sold off a lot and actually cared about cyprus by now surging green.
i really cant fucking take this anymore, its criminal, why are these fuckers allowed to do this. why, why , why?????
there are those that have control and ....the rest of us
the assumption by TPTB is that we would all be doing the same thing, were we in their position ...and that they are better than us of course, so they better make the decision
decision makers by default..oops..pun intended?
Because it's not REAL!
Because there is no spoon.
Why? Because they like you! M.O.U.S.Eeeeeee
As I pointed out from the Getco "Cyprus is small." This was the last of the "little guys." Next up Switzerland.
This market was never short from last week. The ECB ran with the EUR ramp, Fed provided and the EU/IMF protected the secured depositors. Cyprus are crybabies, as is Greece. You got a choice, you all could have sent the EU into hell. Instead you want back in, then you get what you deserved. Masochistic slaves that have allowed widespread capital controls to be activated at the whim of central banks i.e kill off safe havens
1.28 EUR/USD and 1545 SPX by morning. I'm looking for some irony. :-)
that reminds me..i got some crumpled "dirty" shirts that need...oh never mind..
If u got balls bet the other way, but if u got brains...
On March 19 and Today, the western civilization is done the way knew it.
A new era starts today.
I grew up in communism and I never thought I'd live this day, when property is looted on live TV in a "civilized" city by "civilized" people wearing suit and tie.
It's over. THIS IS THE END.
I am almost in tears.
Guide me ekm. I need help. I can't even begin to understand what is happening now. Gas fields, deals, panic, bank runs, Russians, nuns, silver, GOLD, black smoke or white smoke, Troika. My brain is toast and I'm about to shit in bowl and eat it with a spoon.
Communism was the West's indispensable enemy.
Now that it's gone (replaced by Terrorism, the new enemy), WE have to play the role of communists.
Have you hugged your banker today, comrade?
Very important post by ekm. Since he actually lived under Communism.
The most astounding aspect of all this is that now we know that the Fed and the ECB and the US funded IMF will and can hunt down safe havens. I am so disgusted by that. Europe WAKE UP!
It was probably never real anyway. we likely have been on a leash all along and just now find ourselves feeling its tension on our necks. The world's economy has been a sham for at least the last twenty years, likely much longer.
ekm,
Please elaborate. No disagreement on "looting" here, but isn't it the history of the world, capitalist, communist, and other to steal?
If it is the end, perhaps there will be a hopeful beginning. Maybe this action will get people to pay attention (maybe...).
I think, though, that the great redistribution to the financial elites will continue...for now.
The whole western civ rests on protection of private property.
WESTERN CIVILIZATION = PROTECTION OF PRIVATE PROPERTY
It's one thing to steal via taxation or inflation, it's another thing that the leaders get together and vote that they will shave off 40% of somebody's else private property.
There is no more concept of private property. It's over. This is a new era.
This is but a side job compared to 9/11, nothing new.
9/11 crumbled two buildings.
3/25 crumbled a founding CONCEPT of a whole civilization.
enuf with the drama. Bankers have been stealing private property under the protection of government for decades. nothing new here
I do not expect you to understand.
Everything is different now. Never thought I would be here. I am honestly more afraid for grandchildren than for anyone else. My fear is not because I failed to prepare, I am prepared. But what will the world look like for them?
Three things are important in life: 1)God, 2)Family, 3)Football (soccer).
Is this your's ekm, God and soccer..are you serious?
You just have a misunderstanding of what a bank account is.
We've alll been watching this with the same concern, EKM. The rule of law has been cast aside the last several years and this confiscation now makes it clear for all to see that there is nothing they will not do.
It is unclear how to stop more EU diktats. European guns were taken long ago. Buying gold, taking money out of banks, securing private pensions away from bankers, and boycotting financial services is a good start. If the assholes continue as they are, riots will occur.
@ KWN interview, Dr. Paul Craig Roberts, economist and former US Treasury offical, even went so far as to say that people in Europe should resort to violence to stop this reversal of democracy. He pointed out that democracy is a human acheivement which took thousands of years and should never be given up through apathy and silence.
Sorry my friend.
A Very good friend has told me repeatedly the past few years that there's a whole new breed of beast on Wall st. now, more ruthless, more Narcissistic, more downright evil than anything he has ever seen before.
I'm afraid the world ain't that far behind.
Its is extreemly sad, I feel like its 9/11 again
Hurray,deal.And tomorrow is official bank holiday in Cyprus,lets dance.E,at least untill tuesday.
Gold, silver, especially silver, wasnt surging much last week when there was no deal...
What a joke
Nope. Not a chance this passes Parliament . Hilarity to ensue...
Look for more suicides next week...
This is all so absurd. The Western World is Bankrupt and they get excited about a couple of broken, corrupt, insolvent banks in Cypress. When does the main feature presentation start?
Apparently, The Crimson Permanent Assurance short has become the main feature, rendering The Meaning of Life meaningless.
just a small technical incident or ....: before the deal was published, I COULD NOT SEE AND PURCHASE MY SAVINGSACCOUNT AT ING BANK, the largest bank here in the Netherlands ! A few minutes after the deal and markets rallied, the "problem was fixed". Wish i had made a print of the announcement on the website of ING. Now is/was this coincidence ? A test for next time , when things will be far worse?
Funny, I couldn't access my Australian accounts earlier today either.
Do you think they used lube on Anastasiades?
no, but they made him take out his dentures