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Cyprus bank bondholders wiped out- still think we got a great deal?

  • 25-03-2013 10:11pm
    #1
    Carnegie
    Registered Users Posts: 103 ✭✭


    60 billion of bondholders debt was transferred to the Irish state. The Cypriots on the other hand get off scot free. They're laughing at us. Time to renegotiate the so called deal we got.


Comments

  • #2
    galwayrush
    Registered Users, Registered Users 2 Posts: 12,815 ✭✭✭✭galwayrush


    Carnegie wrote: »
    60 billion of bondholders debt was transferred to the Irish state. The Cypriots on the other hand get off scot free. They're laughing at us. Time to renegotiate the so called deal we got.

    Scot free? How?


  • #3
    Carnegie
    Registered Users Posts: 103 ✭✭Carnegie


    galwayrush wrote: »
    Scot free? How?

    bondholders in their banks took most of the hit


  • #4
    Sergeant
    Closed Accounts Posts: 9,362 ✭✭✭Sergeant


    Jesus Christ.


  • #5
    Phoebas
    Registered Users, Registered Users 2 Posts: 9,371 ✭✭✭Phoebas


    Carnegie wrote: »
    60 billion of bondholders debt was transferred to the Irish state. The Cypriots on the other hand get off scot free. They're laughing at us. Time to renegotiate the so called deal we got.
    The fantasy forum is that way>>>>>>


  • #6
    Basil Fawlty
    Registered Users Posts: 289 ✭✭Basil Fawlty


    Yes I'm sure they are delighted that nobody will ever invest in their banks ever again. The country was totally reliant on foreign deposits.


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  • #7
    sfwcork
    Banned (with Prison Access) Posts: 1,203 ✭✭✭sfwcork


    Sergeant wrote: »
    Jesus Christ.

    Where


  • #8
    Carnegie
    Registered Users Posts: 103 ✭✭Carnegie


    Basil Fawlty wrote: »
    Yes I'm sure they are delighted that nobody will ever invest in their banks ever again.

    yeah and people said the same about argentina and iceland, the markets have a very short memory


  • #9
    Thatnastyboy
    Registered Users Posts: 1,254 ✭✭✭Thatnastyboy


    How do ye get to carnegie hall? :confused:


  • #10
    Bipolar Joe
    Registered Users, Registered Users 2 Posts: 3,443 ✭✭✭Bipolar Joe


    sfwcork wrote: »
    Where

    How're ya.


  • #11
    oppenheimer1
    Closed Accounts Posts: 6,084 ✭✭✭oppenheimer1


    Carnegie wrote: »
    60 billion of bondholders debt was transferred to the Irish state. The Cypriots on the other hand get off scot free. They're laughing at us. Time to renegotiate the so called deal we got.

    Before this gets any traction, the actual amount of senior bonds in cypriot banks was €200m, and these were written off.

    €4.5bn of deposits was written off, and Cyprus has been given a €10bn loan. This will take their national debt to somewhere close to 140% afaik. The Cypriot economy will contract by 10% this year and 8% next year. Their major employers - the financial sector, will be decimated.


    Still think the Cypriots got off scot free? Really? :rolleyes:


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  • #12
    Basil Fawlty
    Registered Users Posts: 289 ✭✭Basil Fawlty


    The same Argentina that cant let its Presidents plane or ships enter certain countries without risk of confiscation?

    Argentina is a basket case.


  • #13
    humanji
    Registered Users, Registered Users 2 Posts: 19,976 ✭✭✭✭humanji


    There's more than enough political threads in After Hours already, so the Politics forum is much better suited for any new ones.


This discussion has been closed.
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