Sunday, April 28, 2013

Cyprus Poll After Deposit Grab: 84% Think "Crisis Is Fault of Country’s Political, Economic and Social Systems"

In other words, congrats, Germany, EU, ECB, IMF. You did it.

From Zero Hedge (4/28/2013; emphasis is mine):

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

So, Cyprus citizens now say everyone's deposit should have been taken away, not just deposits above 100,000 euro. And no exit from euro. And "government is not doing enough!"

The Cyprus Deposit Grab will be a successful template if people elsewhere are like Cyprus citizens. As far as Germany goes (also posted by Zero Hedge), that's what any government should do to the citizens - grab citizens' assets to reduce the government deficit.


Anonymous said...

Japan had worse than 3 chernobles "cores still fissioning" "chernoble's core doesn't need cooling" a frikkin ejected upward fissioning core, 2 more cores ejected "melted downwards" 2 or 3 ejected fuel pools, fissioning and nuclear fuel fires in at least one fuel pool, this incessant gibber jabber is quite unimportant, as time goes on it will be seen why. Spent fuel is somewhat delicate and often tempermental "especially mox" "higher neutron production" So put it here/there matters not, jumble the assemblies/rods with an earthquake, stack the cannisters so they fall, put them in concrete etc, etc the will be fucked up/crushed/cracked/overheat/lose subcritical geometry in other words, you have my word. Fkn psychotics. Sow/reap, making contaminated land/ppl etc, that's a good idea and is going to work out well? That's intelligent? That's progress? Far from it and kiss mine if you disagree.

Anonymous said...

Hello Finnish troll, how are you?

Anonymous said...

Would love hear your alternative action plan instead. Would win you a Nobel prize perhaps. Just saying how silly everyone else is probably won't.

Anonymous said...

No two economists agreeing, very contradictory posts (web and paper), very excitable folks like TD at ZH, A-PR at the Telegraph, fat-cat players and experts at the game of tricking folks - not only G-S ; it makes a bit too much for me and I kind of quit investigating this BS.
For a boast : Newton and Einstein finally considered they could not understand the stock market, imagine how they would do NOW.
Just seems crazy. Feel like wasting time. Turning back to poetry my old friend.

Anonymous said...

anon at 5:48
oh and I forgot : more reliable, and (probably) far less expensive...

Anonymous said...

5:51pm, copy and pasting again, Finny? What happened to IntelAgent?

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