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Cyprus Hires 180 British Security Guards To 'Control' Bank Re-Opening

Tyler Durden's picture




 

The security firm that became infamous for its Olympics snafu is responsible for the 'safety' of Cypriot banks and their money as they prepare to open tomorrow. G4S is the world's largest security-provider, and has been helping banks in the last week by sending out teams (with police protection) to restock ATMs. However, an additional 180 staff have been hired to, "be based outside branches... to control queues," adding (rather optimistically), "if there are any queues." It seems the extra security is, "basically it is to make the banking people feel safe and the customers as well." As ekathimerini reports, while the banks have been closed, businesses have been calling on the security company to find places to keep their cash and asking for guards and alarms to protect their assets. They are also using G4S as an intermediary to bring money from overseas to pay wages and suppliers, and drawing on its systems for shipping cash to provide guarantees for payments abroad, effectively using it as a kind of bank. G4S local boss added, "people have had time to digest the agreement so maybe there won’t be that scenario whereby people run to the banks to withdraw." Oh we are sure...

 

Via ekathimerini,

A British security firm that transports cash for Cypriot banks is working round the clock, sending teams out with police protection to stock bank machines and readying guards for when banks reopen on Thursday.

 

The world’s largest security firm, G4S, moves cash and will provide guards for Cypriot lenders including Bank of Cyprus and Cyprus Popular Bank, the two biggest, which are to be combined and see large depositors’ accounts frozen under a bailout agreed at the weekend.

 

...

 

"Demand is greater than we can provide... We haven’t closed since the crisis started," he told Reuters. "I’ve never seen anything like it in terms of what is going on from a security perspective. I would say the workload has quadrupled because the whole system has changed."

 

...

 

"People have had time to digest the agreement so maybe there won’t be that scenario whereby people run to the banks to withdraw," he said.

 

...

 

They are also using G4S as an intermediary to bring money from overseas to pay wages and suppliers, and drawing on its systems for shipping cash to provide guarantees for payments abroad, effectively using it as a kind of bank.

 

The next big test will come on Thursday when 180 G4S guards will be deployed at bank branches to help handle an anticipated surge of customers demanding cash and answers.

 

...

 

"The staff will be based outside branches and are there to control queues, if there are any queues," he said. "We will be in contact with the police. Basically it is to make the banking people feel safe and the customers as well."

 

...

 

The firm achieved notoriety for admitting just weeks before the start of last year’s London Olympics that it could not provide a promised 10,400 venue guards, hitting its profit and reputation.

 

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Wed, 03/27/2013 - 13:18 | 3381849 FLUSA.com
FLUSA.com's picture

How does one invest in the growing Militia business?

Wed, 03/27/2013 - 13:18 | 3381853 Divided States ...
Divided States of America's picture

180 is not enough, unless its PER bank branch..

secondly, those cops are stupid because Cyprus is broke, no?

Wed, 03/27/2013 - 13:20 | 3381860 Stonedog
Stonedog's picture

Divided - you beat me to it.  I was about to post the same comment...

Wed, 03/27/2013 - 13:23 | 3381878 The Big Ching-aso
The Big Ching-aso's picture

I don't know why but I kinda think these guys aren't gonna be carrying just night sticks like the Bobbies.

Wed, 03/27/2013 - 13:22 | 3381873 fonzannoon
fonzannoon's picture

Maybe the DHS was smart enough to realize since the US exports nothing we can now be the largest exporter of hollow points to foreign governments who need to provide security for "bank re openings".

Wed, 03/27/2013 - 13:24 | 3381895 ParkAveFlasher
ParkAveFlasher's picture

Shit's gettin' real.  DHS totally hoarding forward demand.  Internal, or external. 

My question is, why not make the buys through the Armed Forces, which would go largely unnoticed by the media?  Or, do the Regulars and the Feds not get along so much these days?

Wed, 03/27/2013 - 13:26 | 3381907 fonzannoon
fonzannoon's picture

call me an eternal optomist but I hope the armed forces will be the trigger mechanism that jams when they go to pull it.

By the way I have not been on here much today but did ZH show this with Santelli?

http://www.cnbc.com/id/100597242

Wed, 03/27/2013 - 13:36 | 3381945 kito
kito's picture

wow, fonz, you sparked an idea for a movie............DHS vs. military....all out civil war....country begins to break down...internal chaos ensues.........bruce willis will play the 5 star general leading the country to freedom from the orwellian and suppressive DHS, whose vicious leader will be played by herself janet napolitano.............................lets go 50/50 on the production costs............whaddya say????????

Wed, 03/27/2013 - 13:39 | 3381968 fonzannoon
fonzannoon's picture

I just blew my budget on a composter.

I am working on a documentary of a guy who used to be in finance then lost his mind and dedicated himself to growing the perfect squash.

Wed, 03/27/2013 - 13:45 | 3381991 Dr. Engali
Dr. Engali's picture

Doing an autobiography eh? Better be careful...my wife started looking at me differently when I put in a compost pile.

Wed, 03/27/2013 - 13:46 | 3382002 fonzannoon
fonzannoon's picture

Your wife looks at you!

( i'm jealous)

Wed, 03/27/2013 - 13:51 | 3382044 Tebow
Tebow's picture

Next thing you know you crazy fuck will have backyard chickens! 

Wed, 03/27/2013 - 14:02 | 3382124 catacl1sm
catacl1sm's picture

Hey! I have compost, squash, chickents, silver, and guns! Whad'ya gonna do about it?

Wed, 03/27/2013 - 14:03 | 3382129 fonzannoon
fonzannoon's picture

send you my resume.

Wed, 03/27/2013 - 15:11 | 3382506 Rogue Trooper
Rogue Trooper's picture

I'll get a short wave radio later today.....

IF YOU ARE READING THIS... YOU ARE THE RESISTANCE BITCHEZ!

Wed, 03/27/2013 - 14:39 | 3382325 css1971
css1971's picture

A composter is a box. How could you blow your budget on one?

Wed, 03/27/2013 - 14:44 | 3382356 fonzannoon
fonzannoon's picture

I'm from long Island we pay $100 for our boxes at home depot. what does everyone else do?

Wed, 03/27/2013 - 17:17 | 3383102 sluggo
sluggo's picture

Use a hammer.

Wed, 03/27/2013 - 13:43 | 3381982 Dr. Engali
Dr. Engali's picture

I think Bruce is better suited portraying a reluctant leader. He doesn't quite fit the role of a stiff neck boot licking bureaucrat. Otherwise the idea seems good....count me in.

Wed, 03/27/2013 - 14:15 | 3382200 negative rates
negative rates's picture

I think you have a bit too much time on your hands. Can I relieve your mind of some of that time?

Wed, 03/27/2013 - 15:09 | 3382498 Rogue Trooper
Rogue Trooper's picture

+1000

Crowd sourcing bitchez!

BTW someone else thought of this so check it out... nice trailer "Grey State"

http://www.graystatemovie.com/

Wed, 03/27/2013 - 13:38 | 3381956 Urban Redneck
Urban Redneck's picture

Because then the NWO fascists at the UN would start getting worried that they might be on the wrong side of a hollow-point bullet traveling at supersonic velocity, and then they start dragging out things like the Geneva Conventions

Wed, 03/27/2013 - 14:17 | 3382206 RSBriggs
RSBriggs's picture

Up arrow for "Geneva Conventions" versus hollow-points, but do have to note that handgun rounds don't generally travel at supersonic speeds.  Except maybe 22TCM...

http://www.thetruthaboutguns.com/2011/11/foghorn/ria-introduces-first-production-22-tcm-firearm/

Wed, 03/27/2013 - 14:58 | 3382382 sluggo
sluggo's picture

Beg to differ on your "handgun rounds don't generally travel at supersonic speeds" comment.  You must not shoot much!  MOST handgun rounds DO exceed the speed of souond.  In fact, you have to purchase special "subsonic" 9mm rounds to make a suppressed handgun even a little less loud.  The suppressor can muffle the sound of the rapidly expanding gasses, but can do nothing about the sonic boom/"crack".

Speed of sound @ 68 degrees: 1,126ft/sec. http://en.wikipedia.org/wiki/Speed_of_sound

List of common handgun rounds and their muzzle velocities: http://www.chuckhawks.com/handgun_power_chart.htm

 

Note that the "JHP" are the hollow point rounds, and most have ADDED powder (+P) to give them more velocity and thus more force on impact.  Note also that there are some JHP rounds that are a few hundred ft/sec less than the speed of sound.  These are mostly meant to be used in suppressed handguns/carbines.  You sacrifice a few ft/lbs at impact for the lessened noise on firing.

Wed, 03/27/2013 - 15:22 | 3382571 Rogue Trooper
Rogue Trooper's picture

Nice post... don't forget a .22 rimfire will take down a fallow deer-sized mammal or at least disable /scare the shit out of it with careful shot placement (effective range limits).  High velocity .22 (stingers et.al) are good out to 100 yards. 1,640 fps and a 32 grain bullet. Skeptical? shoot yourself in the leg and see: a) how you feel; b) the extent to which your mobility is impaired;  c) Pat yourself on the back for the knowledge gained from a useful field experiment.

Back up, that's all, use what tools you have and know there limitations.

Wed, 03/27/2013 - 13:50 | 3382030 Colonel Jessup
Colonel Jessup's picture

One million up arrows for this one Fonz...

Wed, 03/27/2013 - 13:35 | 3381943 lotusblue
lotusblue's picture

Yes they're typical dumbasses that's for sure!

G4S-the same security company that ENTIRELY flubbed security for the Olympics! How quickly they forget how British military had to be brought in.

 

G4S = FARCE.

G4S = Political CRONIES of British Elites !

Let the burning and Pillaging commence.

Wed, 03/27/2013 - 13:20 | 3381859 Hippocratic Oaf
Hippocratic Oaf's picture

Great.

They're gonna highly object to their threats in a 'fierce British accent' while clutching their massive night sticks!

Fail

Wed, 03/27/2013 - 13:26 | 3381904 yabyum
yabyum's picture

STOP! or I will say STOP again!

Wed, 03/27/2013 - 13:49 | 3382029 Headbanger
Headbanger's picture

And we will say nee to you again if you do not apease us

http://www.youtube.com/watch?v=0e2kaQqxmQ0

 

And bring us a shrubbery!

Wed, 03/27/2013 - 13:22 | 3381874 jdelano
jdelano's picture

Bitcoins...LOL.  This pretty much seals it...CNBC totally onboard now.  And....it's gone....

 

http://www.cnbc.com/id/100597242

 

Wed, 03/27/2013 - 13:25 | 3381892 FLUSA.com
FLUSA.com's picture

Bitcoin is such a joke...I rather have my crappy USD (yes I still have one)  then a shitty Bitcoin

Wed, 03/27/2013 - 13:37 | 3381885 TruthInSunshine
TruthInSunshine's picture

Come celebrate the Cypriotic post-banking holiday grand re-opening with us!

There will be food, fun & frivolity for all, with clowns (sponsored by GS4), sausages (shoved right up your asses), fun rides (in the back of armored vans), and even late afternoon fireworks (so please leave your own at home)!

Wed, 03/27/2013 - 13:54 | 3382059 Colonel Jessup
Colonel Jessup's picture

One of the funniest posts i've ever seen on ZH!!

Wed, 03/27/2013 - 14:39 | 3382324 WillyGroper
WillyGroper's picture

Find out the supplier for the FEMA coffins.

Wed, 03/27/2013 - 14:46 | 3382361 Northeaster
Northeaster's picture

"How does one invest in the growing Militia business?"

http://www.cerberuscapital.com/

Your own mercenary group included:

http://www.dyn-intl.com/

Wed, 03/27/2013 - 15:01 | 3382443 WillyGroper
WillyGroper's picture

Cerberus---Focus on point of execution------bwhaaaaaaaaa

Freudian slip?

Wed, 03/27/2013 - 15:25 | 3382586 ebear
ebear's picture

Time to do an IPO.  (initial police offering)

Wed, 03/27/2013 - 13:19 | 3381855 moonman
moonman's picture

We should outsource HMS to them

Wed, 03/27/2013 - 13:21 | 3381862 fonzannoon
fonzannoon's picture

""People have had time to digest the agreement so maybe there won’t be that scenario whereby people run to the banks to withdraw," he said."

He continued...."but I am a fucking idiot so you have to take that into consideration"

Wed, 03/27/2013 - 13:23 | 3381886 insanelysane
insanelysane's picture

I spit water all over my keyboard.

The same agreement which froze every bank account except for the ones that weren't frozen.

Wed, 03/27/2013 - 13:21 | 3381865 jubber
jubber's picture

Should have used a German Securit firm, to add alittle interest to the proceedings

Wed, 03/27/2013 - 13:20 | 3381866 Schmuck Raker
Schmuck Raker's picture

WTF? I thought they outlawed queues as part of their capital controls.

Wed, 03/27/2013 - 13:20 | 3381867 Freewheelin Franklin
Freewheelin Franklin's picture

Long moltovs. 

Wed, 03/27/2013 - 13:20 | 3381869 BanksterSlayer
BanksterSlayer's picture

What are they paying the guards with? And how many angry Cypriots does it require to take down 180 Rent-A-Cops?

Wed, 03/27/2013 - 13:27 | 3381910 insanelysane
insanelysane's picture

British pounds or gold.

Wed, 03/27/2013 - 14:27 | 3382263 BeaverFever
BeaverFever's picture

180 cops x 6 donuts = 1080 donuts at .50 cents = $540

Wed, 03/27/2013 - 13:21 | 3381872 Diplodicus Rex
Diplodicus Rex's picture

180 staff may have been hired but I wonder how many will actually turn up....

Wed, 03/27/2013 - 13:22 | 3381875 Unprepared
Unprepared's picture

Apple Store used to hire more security per square foot for their product launches.

 

Good ol' days.

Wed, 03/27/2013 - 13:23 | 3381884 NoWayJose
NoWayJose's picture

Quick - invest in Cypriot mattresses - it looks like there will be a lot of them worth 100,000 Euros soon...  As people pull out their money and the government restricts the subsequent movement of that money, people will try to hide it in their homes.  I see gangs of thugs raiding homes -- and yes, unprotected businesses -- in search of cash!

Wed, 03/27/2013 - 13:51 | 3382047 BanksterSlayer
BanksterSlayer's picture

The Godfather Mattresses Montage in Lego

 

http://youtu.be/CKXoZFbpHWc

Wed, 03/27/2013 - 15:05 | 3382472 mumcard
mumcard's picture

I'll be more excited when the mattresses are stuffed with gold or silver.  It's paper..., it's just paper.

Wed, 03/27/2013 - 19:16 | 3383536 Mesquite
Mesquite's picture

And with no guns...How convenient (for the thugs)..

Wed, 03/27/2013 - 13:23 | 3381887 SmittyinLA
SmittyinLA's picture

How long before those lost heavy weapons from Libya turn up in armored car heists in Cyprus? 

Wed, 03/27/2013 - 13:46 | 3382003 BanksterSlayer
BanksterSlayer's picture

or Assad's chemical weapons? And does the average American even know that Cyprus is a stone's throw away from Syria?

Wed, 03/27/2013 - 13:24 | 3381888 Lost Wages
Lost Wages's picture

Just remember, if you think the soldiers in your country won't be willing to come after you for your government, they can always hire outside mercenaries and "security."

Wed, 03/27/2013 - 14:36 | 3382302 css1971
css1971's picture

The Swiss were renowned mercenaries. When you realise Switzerland is a huge banking center it makes perfect sense.

Wed, 03/27/2013 - 14:47 | 3382375 Cathartes Aura
Cathartes Aura's picture

mercenary embeds have been suckin' the .gov fiat down for years now - just keep shedding their name(s) as they grow, like the parasites they are. . .

  Type

Privately held company

 

Industry

Private military and security contractor

 

Founded

1997

 

Founder(s)

Erik Prince
Al Clark Headquarters

Arlington, Virginia, USA [1]

Area served

Worldwide

 

Products

Law enforcement training, logistics, close quarter training, and security services

 

Services

Security management, full-service risk management consulting

 

Revenue

Unknown

 

Operating income

Unknown

 

Net income

Unknown

 

Employees

Unknown

 

Divisions Unknown  

lots of unknowns in that post, known unknowns. . .

Wed, 03/27/2013 - 13:24 | 3381890 eclectic syncretist
eclectic syncretist's picture

For God's sake Bernanke, print faster!  THE BANK'S ABOUT TO OPEN!!!!!

Wed, 03/27/2013 - 14:17 | 3382212 negative rates
negative rates's picture

Ouch, that hurt.

Wed, 03/27/2013 - 13:24 | 3381896 drink or die
drink or die's picture

Why would people even bother going to the banks at this point.  Can they even withdraw money besides the daily ATM limit?

Wed, 03/27/2013 - 13:39 | 3381961 machineh
machineh's picture

CapControls 1.0 says they can't cash checks, and savings accounts are totally frozen.

That leaves credit card advances, perhaps?

Nice 3 to 5% cash advance fees for banksters (plus interest), so maybe they're kool with CC advances for widows buying groceries and such.

Wed, 03/27/2013 - 13:25 | 3381900 Dr. Engali
Dr. Engali's picture

The British are coming! The British are coming!

Wed, 03/27/2013 - 17:05 | 3381993 poor fella
poor fella's picture

.

Wed, 03/27/2013 - 13:26 | 3381905 Mad Mohel
Mad Mohel's picture

All mercs must be exterminated.

Wed, 03/27/2013 - 13:26 | 3381906 Cacete de Ouro
Cacete de Ouro's picture

G4S: contracted by Deutsche Bank to build and operate their new gold vault in London. Lets see how that goes...

Wed, 03/27/2013 - 13:29 | 3381921 Kaiser Sousa
Kaiser Sousa's picture

what do they need security guards for????

The Cypriots have already shown they r willing serfs who accept the rule of the bankers and their bitch owned Cypriot politicians....

if they aint done shit by now they aint got it in them.....

just hold up some more signs and and cry in the middle of the street like good little serfs...

SORRY, NO RESISTANCE NO SYMPATHY............ 

Wed, 03/27/2013 - 13:35 | 3381942 Rusty Trombone
Rusty Trombone's picture

They have no contemporary arms with which to fight. It is illegal to own something as mundane as a 22LR in Cyprus. They are limited to whatever improvised munitions and explosives they can muster.

Wed, 03/27/2013 - 13:42 | 3381979 Kaiser Sousa
Kaiser Sousa's picture

like my mama used to say...

"when a bully is bigger than you pick up the biggest rock you can find and bust him in the head with it..."

i know they stole the Cypriots debt based Euro's but did the steal all the rocks as well???????

NO EXCUSES.......................

Wed, 03/27/2013 - 15:28 | 3382605 MS7
MS7's picture

Security guards are probably for the paid agents provacateurs who might smash some windows of a nearby store. Then the people (especially the older folks) will fear chaos more than they fear their rotten government and will re-elect them. I'm still holding out a tiny bit of hope that Cypriots have more spine than that but I don't know. Europeans are making us in the US look good by comparison. And that is hard to do. I don't advocate violence, but at least stop electing people who will keep you in the euro no matter what the cost.

Wed, 03/27/2013 - 13:29 | 3381923 ebworthen
ebworthen's picture

"Put your money in the Bank so it is safe from armed thugs."

ROFLMAO!

 

Wed, 03/27/2013 - 13:33 | 3381937 Rusty Trombone
Rusty Trombone's picture

Cyprus has strict gun control. Private citizens are completely forbidden from owning handguns and rifles in any calber, even .22 rimfire. Only shotguns are allowed, and these require a license. Shotguns are limited to two rounds. The only shotguns typically sold in stores are double-barreled side-by-sides or over-unders. Pump actions and semiautomatics are prohibited. A private citizen can own a total of ten different shotguns. A citizen is not required to specify a reason for ownership to obtain a license, but most own their guns for hunting. Licenses are issued by provincial police. A gun license is required to buy ammunition, and ammunition sales are recorded. A shotgun owner may purchase up to 250 shells at one time. Cyprus also controls airguns, and airgun owners require a license.

These people are unarmed and completely at the mercy of the British mercenaries being hired by the IMF. They have absolutely no recourse but to grab both ankles and take it dry.

In a righteous world, these mercenaries would be assassinated along with every Cypriot politician who refused to stand up to this and of course, all the banking scum.

What is it going to take before the blood starts flowing to break the grasp of these fucking vampire squids?

They need to be assassinated, there is no other option at this point.

Wed, 03/27/2013 - 13:36 | 3381944 Mad Mohel
Mad Mohel's picture

FUCKIN A!  ^ +10

Wed, 03/27/2013 - 13:39 | 3381960 TrumpXVI
TrumpXVI's picture

Wow.  That's pretty draconian, man.

It bends my mind a bit when I read posts like yours and then think about how that compares to my own stash of shit.

I could take over Cyprus all by myself, maybe even including the British security guards, too.

Wed, 03/27/2013 - 13:42 | 3381983 machineh
machineh's picture

Cyprus has strict gun control.

So disarming citizens not only facilitates mass murder, it also facilitates mass deposit grabs.

Figures ...

Wed, 03/27/2013 - 13:43 | 3381987 Bay of Pigs
Bay of Pigs's picture

Exactly why the 2nd Amendment was put into the Constitution. To prevent this kind of tyranny.

 

Wed, 03/27/2013 - 13:35 | 3381941 bugs_
bugs_'s picture

Its sad that restocking some ATM next to a mall has become part of "High Threat Operations".

Wed, 03/27/2013 - 13:35 | 3381947 Dr. No
Dr. No's picture

The illusion of safety.

Wed, 03/27/2013 - 13:36 | 3381950 bidaskspread
bidaskspread's picture

180 foreigners to manage a domestic issue. Sounds like Red Cross scenario. I hope they stocked up on water barrels to put out the torches.

Wed, 03/27/2013 - 13:38 | 3381963 Rusty Trombone
Rusty Trombone's picture

Cyprus has strict gun control. Private citizens are completely forbidden from owning handguns and rifles in any calber, even .22 rimfire. Only shotguns are allowed, and these require a license. Shotguns are limited to two rounds. The only shotguns typically sold in stores are double-barreled side-by-sides or over-unders. Pump actions and semiautomatics are prohibited. A private citizen can own a total of ten different shotguns. A citizen is not required to specify a reason for ownership to obtain a license, but most own their guns for hunting. Licenses are issued by provincial police. A gun license is required to buy ammunition, and ammunition sales are recorded. A shotgun owner may purchase up to 250 shells at one time. Cyprus also controls airguns, and airgun owners require a license.

These people are unarmed and completely at the mercy of the British mercenaries being hired by the IMF. They have absolutely no recourse but to grab both ankles and take it dry.

In a righteous world, these mercenaries would be assassinated along with every Cypriot politician who refused to stand up to this and of course, all the banking scum.

What is it going to take before the blood starts flowing to break the grasp of these fucking vampire squids?

They need to be assassinated, there is no other option at this point.

Wed, 03/27/2013 - 14:33 | 3382287 css1971
css1971's picture

Petrol is €1.45 a litre.

There's a lot you can do without a gun.

My personal favourite is thermite.

Wed, 03/27/2013 - 13:39 | 3381965 walküre
walküre's picture

180 rent-a-cops at the bank's door aren't going to protect the banker and his family from polonium poisoning or "hanging" at home.

Let's call this what it is. The beginning of a currency reform. How wide will it spread is anybody's guess. Malta and Luxembourg are next up. Spain, Italy and France are being prepped as we speak and even Germany will see the same fate over the next few months and just after the important German elections.

New money. Limited amounts. A week ago a Cypriot business man had 200k in the bank. Tomorrow he will have 120k if he's lucky. He can pay his employees only 40% less wages and his suppliers only 40% less than a week ago.

40% devaluation all around

Wed, 03/27/2013 - 13:41 | 3381974 Seasmoke
Seasmoke's picture

in the spirit of the holiday.......HANG THEM ON A CROSS

Wed, 03/27/2013 - 13:45 | 3381996 machineh
machineh's picture

... and call it a sacrament.

Beats sacrificing goats and sheep.

Wed, 03/27/2013 - 13:41 | 3381976 Housewife
Housewife's picture

They are also using G4S as an intermediary to bring money from overseas to pay wages

 

And all this time I was wondering how they were going to get Americans to use hollow points on fellow Americans. Stupid me.

Wed, 03/27/2013 - 14:58 | 3382427 Cathartes Aura
Cathartes Aura's picture

amrkns shoot each other up every day, only the numbers will change going forward.

Wed, 03/27/2013 - 13:41 | 3381977 Housewife
Housewife's picture

They are also using G4S as an intermediary to bring money from overseas to pay wages

 

And all this time I was wondering how they were going to get Americans to use hollow points on fellow Americans. Stupid me.

Wed, 03/27/2013 - 13:43 | 3381980 SheepDog-One
SheepDog-One's picture

Withdraw what money? You're limited by the daily ATM cap of 100 Euros anyway, 

Wed, 03/27/2013 - 13:43 | 3381986 jtlien
jtlien's picture

We could do something to help. We should box up a few Jimmy Stewart movies and send them in care packages.

It's a Wonderful Life.

But Who is Playing Potter and who is George Bailey?

Looks like Potter wins this time.

Wed, 03/27/2013 - 13:45 | 3381998 NoWayJose
NoWayJose's picture

I bet CNBC is "on location" covering this, as 180 new hires will drive down the Cypriot unemployment rate and can be touted as a 'green shoot' from this -- at least until the thousands of financial workers get laid off from their closed banks.  Of course, the 180 will be let go as soon as the banks are drained of deposits and shuttered, but that just means a seasonal adjustment will be needed...  You know -- "Closed Bank Season".

Wed, 03/27/2013 - 13:47 | 3382013 ziggy59
ziggy59's picture

Is it G4S or 4GS?

Wed, 03/27/2013 - 13:58 | 3382091 El Hosel
El Hosel's picture

Lets see, next US headline...  US Markets "resilient" in face of "islolated" Bank runs abroad, as "Investores" seek the safety of Bernanke's rigged game. The land of The Brave and the home of The Free Money.

Wed, 03/27/2013 - 13:56 | 3382069 Yen Cross
Yen Cross's picture

     I'm sure the British expats that have had their euros confiscated, are jumping with joy that their fellow countrymen are protecting said confiscated deposits for them. You can't make this shit up.

Wed, 03/27/2013 - 13:55 | 3382070 Edward Fiatski
Edward Fiatski's picture

On a serious note, "However, an additional 180 staff have been hired to, "be based outside branches... to control queues," adding (rather optimistically), "if there are any queues." It seems the extra security is, "basically it is to make the banking people feel safe and the customers as well."

This seems reasonable - a lot of cash will be moving around.

/no sarc

Wed, 03/27/2013 - 13:59 | 3382098 Pseudo Anonym
Pseudo Anonym's picture

did the g4s buy hollow point bullets recently?

"basically it is to make the banking people feel safe and the customers as well."

Wed, 03/27/2013 - 14:04 | 3382137 rlouis
rlouis's picture

Brings up a question:  what sort of guarantee do you need now before you deposit money in a Cypriot bank?

Wed, 03/27/2013 - 14:14 | 3382187 It is a bargin ...
It is a bargin my friend's picture

You can hear them now " Don't fuck with me you cunt or Ill ave ya, I've shit 'arder than you"

Wed, 03/27/2013 - 14:26 | 3382255 css1971
css1971's picture

LOL.

G4S local boss added, "people have had time to digest the agreement so maybe there won’t be that scenario whereby people run to the banks to withdraw."

Oh yeah and 180 ought to do it.

Wed, 03/27/2013 - 14:44 | 3382354 limo_888
limo_888's picture

SECURITY HERE TO ASSIST YOU! LOL...

Wed, 03/27/2013 - 14:53 | 3382406 puskin
puskin's picture

G4S

 

Goons 4 Sale

Wed, 03/27/2013 - 15:05 | 3382473 22winmag
22winmag's picture

Don't fire 'til you see the blue of their helmets.

Wed, 03/27/2013 - 15:49 | 3382709 Son of Loki
Son of Loki's picture

For some reason this does not make me feel 'safer.'

Wed, 03/27/2013 - 17:35 | 3383207 Haager
Haager's picture

What? G4S instead of Blackwater aka Academi? Are they low on money or what?

Wed, 03/27/2013 - 18:09 | 3383337 Paracelsus
Paracelsus's picture

I have been wondering about the Ex-pats myself. Ten days is a long time with no cigarettes, pipe tobacco, alcohol, pharmaceuticals, and lastly food.

I suspect we are in for a long hot summer in the Med.  Tourists do travel to unstable areas,warzones and such,but these are usually young backpackers I expect. The old folks want the security and quiet life. Much tourism in Athens these days? Hmmmm.... See the reason I mention it is people used to talk about hard currencies and soft currencies,but that is becoming a no-brainer.I used to live down-under and the German tourists were notorious for eating platefuls of steaks because meat was cheap in Oz as compared to Europe.

Too bad they don't have access to that farmland in the north of Cyprus. Oh well.....

Everyone repeat after me,"GO ICELAND,GO ICELAND,GO ICELAND!!!"

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