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One Month Later: What Cyprus Thinks In The Aftermath Of Its Bank Sector Collapse?
Curious what the Cypriot people think just over a month after the most dramatic European banking sector collapse in years, and subsequent first bank sector bail-in and depositor impairment ever? Courtesy of Bloomberg, which summarizes a poll conducted via Symmetron and posted in Kathimerini Cyprus we now have an idea of what the still stunned Cypriot population thinks.
The Cyprus financial crisis is fault of country’s political, economic and social systems, not foreign institutions such as troika, according to 84% of Cypriots in poll by Symmetron published today in Kathimerini Cyprus. Poll also showed:
- Of 800 people questioned, 68% said bankers were most responsible for crisis, 63% said politicians next most to blame, 48% said central bank
- 79% said previous President Demetris Christofias and his govt is more to blame vs 13% for current administration led by President Nicos Anastasiades
- 54% said it was mistake for parliament to vote against 1st loan deal
- 68% said they don’t have enough money to meet direct needs, pay financial obligations
- 70% said personal economic situation to worsen over next 12 months
- 92% no longer trust central bank
- 66% said current govt actions to confront crisis not enough
- 64% against exit from euro area
- 73% said faithful implementation of loan agreement won’t lead country out of crisis
- Symmetron conducted poll April 22-26; margin of error +/-3.5 percentage points
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Talk is cheap, only action gets heard. Only when Banksters and their criminal friends swing from every lamp post will they change their corrupt ways.
Getting Corzined or Cyprused wakes victims up pretty fast.
The only one that got me was 54% said, 'politicians should have taken the first offer'....
NOPE! The Cypriots were severely punished after refusing the first offer so they could be made an example of. All the other European were watching. Now the rest of the serfs in Europe will be begging their politicians to take the first offer. Mission accomplished, Troika, just like the good ol' 13th century.
Hindsight: We now know the Troika was totally lying about the real size of the debt gap way before they locked Cyprus down, so acceptance of first offer wouldn't have made any difference. But by refusing the first offer Cyprus showed what a bunch of fascists the Troika truly are.
After all this, and they still want to stay in the EU. LOL.
/ What a joke. Can you say Stockholm Syndrome? Bloody sheep! / s
Hey, "capital controls" should only last a week or so....!!
Actually they left off the 's' after 'week'...
When you add the 's' to 'week', you really mean; "indefinitely and until we tell you otherwise"
That damned misprint means this is lie # 4,983 in Euroland, so far....
Cyprus is not a dictatorship, that govt. was dully elected by the people. When they blame the govt. they should realize that it was fashioned by their own hands. Due to inbreeding, island populations produce a lot of stupid people. Hence the word "cretin" from another island not so far away.
Dully elected?
A Freudian slip that meant there were no other more reasonable and worthy choices available?
Cyprus: Dodd-Frank in action
Glass-Steagall
This report leaves out the response to "Would like to personally shove a white-hot poker up Merkle's hairy prolapsed ass." 98% responded affirmatively. The other 2% wrote in that they would rather just shoot the bitch and be done with it.
Based on the poll results, I'd say the people want the white hot poker for themselves.
You guys are harsh on Cypriots.
Look at it this way...
As a kid, you get the belt swat for being late to dinner. Okay, you're late. now you have to decide whether to go home and get your swat or stay out until bedtime and really get an ass-whupping.
Human nature says you'll opt for the delayed ass-whup even if it is twice as bad as the earlier swat.
Hope springs eternal for miraculous intervention even though logically it doesn't make sense to believe it will happen.
Staying in the Euro is like choosing to come home later and hoping the belt got lost.
With a majority saying the first vote against the bailout was bad, and with 64% wanting to stay in the Euro, the Cypriot people will get what they deserve. The brainwashing of the populace has been successful.
I think that is a case of poor poling.
For example had they asked "Do you wish to remain in the EU if it means that the ECB will henceforth set fiscal policy for your country it is very possible the would have had a more realist result".
If you ask anyone:
1) Do you think education spending should be reduced?
2) Do you think taxes should be increased?
The answers are somewhat predictable and asking: "Should spending be maintained if it means your taxes must increase?" will give a somewhat different result. If such an incompetent effort is made it is either because they have an agenda or they are simply idiots. Ill give them the benefit of the doubt as assume the former.
don't
You forget that a vote for the EU and Euro, is a vote against their own kleptocratic political and financial elites.
Too bad each are in it for themselves.
92% of pollsters said they did not trust the central bank.
What the poll forgot to mention is that 91% don't actually know what a central bank is (they think it's the branch in the centre of town)
It's flawed questions like these which decieve the public - I'm not saying it's right or wrong to distrust the centrla bank - I'm jus saying that this question is making the wild assumption that everyone knows what you're talking about - it also forgets that people will pretend to know what you're talking about (i.e. central bank) in order not to look 'stupid'.
It's demonstrated by the 68% of people who are stating they are running out of money and the 64% who want to stay in Europe. If you want to stay in Europe then you have to accept austerity - but people are hypocrites and just as the bankers wanted profits provatised and losses socialised - now the people have similar hypocritical demands.
This is of course quite predicatable - as it's always going to be an issue when your system of economics (capitalism) is built upon a contradiction!
I see no explanation from any school of economics which explains the problem and the reasons why the fixes are not working - other than Marxist. Despite the roars of pain from the Austrians - their solution of allowing deflation for 20 years to ring out the system simply won't cut it in the world of demand Capitalism has produced.