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Originally posted by judus
This is how it will play out.
The banks start taking peoples savings.
The UK poops there pants and votes to leave the EU
UK then starts to take the rights of the people away as we are no longer under EU rules.
This is all planned.
Originally posted by Trolloks
This is Cyprus, not Greece, believe me you do not want to get those two mixed up they don't share a friendly history.
Monday is a bank holiday in Cyprus, im not too certain if it is in any other country, but this will hit them hard.
Cyprus used to be seen as a sort of tax haven for the public (not as good and Luxenburg, but thats more for business) that had an attractive 3% interest rate (as apposed to the UK's 0.5%, and many of the EU countries floating around the bottom) so many people started saving their money in countries such as Cyprus.
However, now this has happened, everyone will suck out all their savings. But that wont be the end of it, once everyone has seen this done, no one will trust any other tax haven or attractive (financialy speaking) countries to save in. More money will leave Europe out of fear of it repeating, which will, ironicaly, cause it to happen again to another country.
Luckly for Greece, not many have money saved there, so it wont happen there. Germany are ok, until the end anyway. Once Germany has a bank run or a panic, then the whole lot will go down.
The high risk countries, for now, will be the smaller countries. The countries where people save their money to escape the risks from Italy and Spain.
I guess we will find out where the money will go on Tuesday, but i doubt the money will stay in one place for long.
Cypriot–Greek relations are foreign relations between Cyprus and Greece. Cyprus has an embassy in Athens and a consulate-general in Thessaloniki. Greece has an embassy in Nicosia. Both countries are full members of the European Union, Council of Europe and the Organization for Security and Co-operation in Europe (OSCE). Relations between the two countries are extremely close, owing to a shared ethnicity, religion, and language between the Greek majority in Cyprus and the Greeks of Greece. Large numbers of Greek Cypriots view Greece as the "mother country," despite the fact that Cyprus and Greece are two separate states.