Wrong. There are criminals hiding their money in Cyprus? Good, then go after them like you would in ANY civilized country - investigate, bring them to trial, and freeze their property or money as per the EU / Cypriot laws.

Banks will have capital limits in place. Restrictions on withdrawals, increased cheque clearance times, reduced or ban on taking currency out of the country. I doubt they will open till friday at the earliest once they have all the necessary limitations in place.

Interesting times we live in. Apparently Cyprus is a very very small part of the EU's total economy, so hopefully it does not spread.

The moment the banks open they are fucked. We moved our money from Spain last year for the same reason but the problem with Cyprus is the banking system is corrupt. They had slack controls and now they are fucked. The fucking idiot EU should not have to rescue corrupt banking systems and as much as I hate the EU I don't think they will.

It spread *to* Cyprus. Southern Europe needs to be a different economy and cannot survive in its current format.

They already talk about open next tuesday instead of this thursday :)

In Holland we only get 2% interest at most Dutch banks now. After inflation (3%) and 1,2% tax on savings above 20.000 euro we loose money every year when we save money. So we have to pay Cyprus so they can have interest rates of 5% to 8%. I think if they had the money on the bank for 2 years already that they made enough profit, especially cause most didn't pay much other taxes. So a little bit shaving won't hurt them.

Most Europeans have enough of the whole EU. This is not only of paying the money to the account holders. The politicians see that more and more European citizens want some countries to leave the eu. They only cost money and have a reputation of fraud, avoiding taxes and corruption. Most people from Europe are not willing to help Cyprus and the politicians know that. So the tactic of shaving the account holders is the best thing they did in trying to solve the crisis and get some goodwill of the public. And most people even don't want Europe to sent any money to Cyprus. What if another Dutch bank fails (it just happened again) and we can't save our own ass anymore. Will Cyprus or the EU help us?

In Holland the government granted 40.000 when a bank would collapse. But than the banks where to big to fail and they saved every bank, except one (yes, those people lost all their money above 40.000)/ Let's give the account holders 40.000 and don't save the banks on Cyprus. No one compensated the account holders of the DSB bank that went down in Holland, those poeople lost almost all their money. And those people will never support the saving of banks in other countries from their taxes.

The political games are on, choosing between the banks, Russian help and keeping the people in Europe quiet.

Time for put options? Or shall i just invest my money here in Brazil.