A tax on bank deposits of Cyprus in March 2013. Astrological forecast. - 17 March 2013 - Cosmological portal security
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Main » 2013 » March » 17 » A tax on bank deposits of Cyprus in March 2013. Astrological forecast.
13:39
A tax on bank deposits of Cyprus in March 2013. Astrological forecast.
Cypriots shocked Eurogroup decision to impose a one-off tax on bank deposits - 6.75% on deposits of up to 100,000 euros and 9.9% above that amount. Agreement can enter into force on Monday, March 18, 2013, it must be approved by the parliament, and in the evening Saturday's political leaders have consulted. However Cypriots rushing to withdraw money from the accounts and the dawn began to gather at ATMs (banks are closed on Saturday), wrote the Greek newspaper "Vima".

About ATM queue formed, but investors quickly discovered that some ATMs do not work, while others may be removed no more than 600 euros. According to the Cypriot television, in a few hours the amount you can withdraw from an ATM, has been reduced to 200 euros. Many ATMs money has run out, the newspaper said. Director General of the Central Cooperative Bank Erotokritos Hlorakiotis said that Saturday morning were frozen online customer service system.

According to reports from Nicosia, in recent years many Russian investors are pulling money out of the Cypriot banks, the newspaper said.

Cyprus tax shocked, but Finance Minister Michalis Sarris called the measure "historically difficult but responsible decision." Cypriots are outraged and demand the Eurogroup, the decision came into force on Tuesday, when, after the weekends and holidays to open banks and depositors could withdraw money before.

"We do not punish Cyprus", - said the head of the Eurogroup Jeroen Deysselblum, calling the tax "a very fair measure of burden sharing." Board member of the European Central Bank from Germany Joerg Asmus said taxation of savings in Cyprus "appropriate" measure "specifically designed" for the situation in the Cyprus economy. Media noted that the German Finance Minister Wolfgang Schaeuble urged to cut deposit even more - by 40%.

Eurogroup decision caused panic in Greece - many Greeks transferred their money out of Greek banks in the midst of crisis and discuss possible exit of Greece from the euro zone. However, the assurance of the head of the Eurogroup, the decision will not affect deposits in Cypriot banks branches in Greece. Greek Finance Minister Yannis Sturnaras also said that the decision would not affect the Eurogroup Cypriot banks and branches will not affect the stability of the Greek banking system.

Read online RIA Novosti.

Russian banks are conducting operations with companies registered in Cyprus and the Russian-born Cypriot banks may incur losses, according to a report released Wednesday by international rating agency Moody's. From his estimates, a total of 43-53 banks risk billions of dollars.

The report identifies three sources of risks associated with operations in Cyprus, which are Russian banks: loans to Cypriot companies of Russian origin, cash and investments of Russian banks and corporations in Cyprus banks and Russian subsidiaries of Cypriot banks.

According to the agency, the amount of loans granted by banks to companies Cypriot Minister of Russian origin at the end of 2012 amounted to approximately 30-40 billion dollars, and the amount of money of Russian Banks, located in Cyprus banks (which are mainly subsidiaries of Russian banks) at end of year reached nearly $ 12 billion, and about $ 1 billion has been invested in the capital of subsidiary banks and companies in Cyprus.

Central scenario agency Moodys does not provide that the sovereign default or the introduction of a moratorium on Cyprus external payments will occur this year.

However, as noted by the agency in February 2013, it is probable that much of the expected debt Cyprus eventually force the government to take every opportunity to reduce the debt, including through the loss of the private sector.

"The implementation of such risks would have a negative impact on Russian banks with regard to Cyprus, although it is unlikely to be so significant that will cause a change in the rating of Russian banks, given the relative size of these risks", - stated in the release.

The main source of risk for the Russian banks are loans to the Cypriot companies of Russian origin. According to the agency Moody's, the amount of such loans at the end of 2012 amounted to approximately 30-40 billion dollars, which is approximately 15% -20% of the capital base of the Russian banks.

"The agency Moody's believes that when a state of Cyprus moratorium on external payments, mortgage payments may be blocked, causing some pressure on the quality of assets of Russian banks' creditors," - says the report's author, vice president of Moody's Eugene Tarzimanov, words which are contained in the release.

The second source of risk for the Russian banks are interbank and corporate deposits in Cypriot banks. According to the agency, the amount of money of Russian Banks, located in Cyprus banks (which are mainly subsidiaries of Russian banks) at the end of 2012 was approximately $ 12 billion, plus $ 1 billion has been invested in the capital of subsidiary banks and companies in Cyprus .

"These investments are mainly carried out in the framework of relations between the parent and its subsidiaries, in the event of a default native Cypriot banks freezing deposits and / or the introduction of a moratorium on external payments Russian banks could incur losses," - said the agency.

It is noted that there are also indirect risks for Russian banks, related to domestic corporate deposits in Cypriot banks. According to the agency Moodys, the deposits of Russian companies in Cyprus may be close to the mark of $ 19 billion (as of September 30, 2012).

"In the event of default Cypriot banks freezing deposits or the use of corporate deposits for distribution of the financial burden for the salvation of Cypriot banks data, Russian companies may suffer losses on deposits or lose to repatriate their funds. In turn, this may lead to a reduced ability of these companies to service their debt to Russia ", - said the Moodys.

It is noted that the third source of risk is not as great as the previous two, as it addresses a number of small Russian subsidiaries of Cypriot financial institutions. These subsidiaries, according to the agency, may face increased credit risks, reputational losses and deposit outflows caused by concerns over the growing problems of their parent companies.

RIA Novosti

Comment.

Obviously, the problem is converted debt from one continent to another. Europe prior to further solve the problem of U.S. debt are trying to put on his knees in the world economic process.

The interaction of the planets, the hard aspect between Mars, Uranus and Pluto in late March 2013 - similar to the position of the planets in front of the Russian debt default in 1998. This means an indirect but powerful blow to the economy of Europe, Russia and the ordinary citizens, should the wrong decision March 18, 2013 in Cyprus. Millionaires and billionaires, as always, got off lightly when making any decision.

However, the precedent of panic, frantic untimely actions, mass withdrawals from bank accounts, due to the situation in Cyprus, has been laid. This is a time bomb, but it can give an economic crisis, an explosion at any moment in Cyprus and distribute critical chain domino effect throughout the banking and economic system of Europe and Russia. If this happens in the end of March 2013 - fever economies of Europe and Russia will be 4 - 6 years, from 2013 to 2019.

This broad coverage of squaring Uranus-Pluto, which corresponds with strong critical processes in the world economy and geopolitics.

Most rigid background gives the transit of Saturn in the sign of Scorpio from October 2012 to September 2015. This means a sharp restriction of movement of global financial flows.

Given the obvious effects of the critical dynamics of the global economy slumps in world markets under the squaring Uranus-Pluto should note the following critical dates.

Exact dates and resonant aspect squaring Uranus-Pluto:

2013:

Exact square Mars, Uranus-Pluto-20 - March 23, 2013.

Exact square the Sun, Venus, Uranus and Pluto, March 29-31, 2013.

Reversal of Pluto in retrograde motion, April 12, 2013 - Resonance + - 2 weeks.

Squaring Uranus-Pluto-resonance 20/05/2013 + - 2 weeks.

Reversal of Uranus in retrograde motion, July 17, 2013 - Resonance + - 2 weeks.

Pluto in turn direct traffic, September 20, 2013 - Resonance + - 2 weeks.

Squaring Uranus-Pluto-resonance 11/01/2013 + - 2 weeks.

Uranus in turn direct traffic, 17 December 2013 - a resonance + - 2 weeks.

2014:

Squaring Uranus-Pluto-04.23.2014, 15.12.2014;

2015:

Squaring Uranus-Pluto-17.03.2015;

The transit of Saturn in the sign of Scorpio, 10/05/2012, 18/09/2015.

Research linking global economic and geopolitical systems, intense periods of history with cosmic factors being in the method of "Astrology as a security system." Software-астропроцессор ZET GEO.

Andrey Andreev-kosmoritmolog.
Category: Projections, forecasts | Views: 392 | Added by: Andrey-Andreev | Tags: economic crisis in Europe, the world economic crisis, the economic crisis in Russia, a default of Cyprus | Rating: 0.0/0
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