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A tax on bank deposits of Cyprus in March 2013. Astrological forecast.
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
According to reports from Nicosia, in recent years many Russian
investors are pulling money out of the Cypriot banks, the newspaper
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
"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,
"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.
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.
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.
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.
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-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.