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New Zealand considers Cyprus-style banking failure solution

19.03.2013 09:12

New Zealand depositors could face a Cyprus-style tax on their bank accounts, as the government is planning to impose a similar strategy on its banks warns the country's Green Party.

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Comments (56) Sort by: Highest rating Oldest first Newest first

Anonymous user 30.05.2013 10:41

Still not reported much at all here in NZ.

Anonymous user 28.03.2013 13:26

read Gottfried FEDER.

Anonymous user 27.03.2013 23:12

Essa pessoas não sabem o que é uma "AUDITORIA" ; ?

Anonymous user 24.03.2013 16:58

THIS STILL'NOT' REPORTED BY NZ MEDIA A WEEK LATER!!!

 

Jason Schadeck 21.03.2013 20:39

I've talked myself blue in the face to my friends, and family to get out of the banking system. I switched over to the credit union system years ago when my research led me to the fact that this system barely twitched during the '08 crash. Since it is driven on a membership basis they are far less likely to gamble like the banks do. I doubt this will protect me totally in the future, but I see it as a way to vote with my $s. I give the banksters a vote of NO confidence, and they shall NOT handle my wages, or savings!

Anonymous user 21.03.2013 13:46

usa attacking its own so called allies with financial psyops is great way to shoot self in foot

Anonymous user 21.03.2013 13:43

seems americas best performing economic sector is now global financial terrorism

Anonymous user 21.03.2013 10:01

USA, run your bank dry. It's your money and no one elses. Buy a safe and a shot gun.

Anonymous user 21.03.2013 03:46

The " penalty "must be added to all borrowers at the same % rate.Not just savers.

 

Dink Shwinker 20.03.2013 18:03

Iceland

In my 57 years of experience, borrowing money to pay for anything other than to save your life or limb is counterproductive.

Until you've worked long and hard to earn the money, you don't have the experience to handle the responsibility.

Kill the Fed and fractional banking, legalize competing currencies, suspend the income tax for 90 days, end unemployment benefits and stand back when the the economy skyrockets!

 

DFV Cosworth 20.03.2013 17:40

Cyprus in urgent talks to avert financial meltdown.

M arios Mavrides, an MP and former finance minister, raised the prospect of Cyprus becoming the first to leave the euro. He told BBC2's Newsnight:

"If we cannot come up with the €5.8bn in a few days then I think we will go to the Cyprus pound. That will be the end of Cyprus in the eurozone.

We're going to exhaust all other possibilities, but what can we do? If we have no other solution we cannot leave the people without money."

http://www.guardia n.co.uk/world/2013/m ar/20/cyprus-talks-a vert-financial-meltd own

Anonymous user 20.03.2013 13:21

Hope they also take a percentage off the negatice accounts....

Anonymous user 20.03.2013 13:17

@Anonymous 9:12 Do you mean to say there are any good banks??? Goodnight, sleep tight...

 

Shane Saunders 20.03.2013 10:09

Getting too close to home, will Australia be next?

Anonymous user 20.03.2013 09:22

Theft? They are TAKING money at 0% lending it out,then giving the money to shareholdrs then repeat

Anonymous user 20.03.2013 09:12

It's not theft you fools, if you put money in a bad bank why should the tax payers cover you?

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