Wars have start over less.

What did they expect? the Banking system in Cyprus is dead. Everyone will pull all their cash out as soon as they can.

I have some clients that have had cash frozen in Cyprus, not Russians, but legitimate businesses. Many Canadian businesses use Cyprus companies when investing in Europe because of the favourable tax treaty networks. Now, they are all planning to completely shut down and pull all of their operations from Cyprus. As one said, how can you ever trust the Cypriot government again?

In a more worrying development, many are thinking of pulling out of Europe altogether since if the ECB does this in one EU country what garantee is there that any European Bank is safe?

I'm surprised Europe has been peaceful for this long. Have you folks ever gone 70 years without a war amongst yourselves?

I was thinkin you all didn't like us any more,, not draggin us into some kind of war.,, save your butts twice and you hate us no wonder this country is ready to embrace islam.

You all?

Its yubberish.

WW2 was a bit too intense. We're just gathering momentum for a new world war.

Or maybe my grandparents generation helped my parents generation build a society without nationalism and my adventurous generation likes the open borders Europe of today

harsh, not nice.

but OH. SO. TRUE.
Thank you for that.

I'm sorry, it wasn't meant to be harsh. It was just an observation. European history (at least as it is taught over here) is pretty much all about continuous war and conflict at some degree of intensity. Now the last few decades have been an exception to that but it does beg the question how long it can possibly last.

As long as the autocracies with their ''gentleman games'' of pre-19th century and the nationalism of pre-1950's never again show up (like it did in the Balkans in the 90's) I'm safe to say indefinately.
Worst case: bloody internal incidents. The Balkans might spark again though, but not in the intensity it did 20 years ago

Conveniently forgetting how there wouldn't be an America unless they saved our butts.... :roll:

well if it wasn't for america the world would be eatin sourkraut with chop sticks, and speakin french with a russian acsent...:har::har:surfs up and down the tubes we go,,so who's next to have their savings stolen from them,,????

The money rush fleeing from Cyprus before the official ban became active, seems to have been much worse than previous TARGET analysis seem to have indicated, and seems to have continued after the implementation of the ban. The cash loss escaping now seems to increase massively the overall damage by messing up the original "rescue":haha: calculations. Also worrying: the massive migration of capital despite the official ban seems to have been assisted not only by the accused banks, but by massive assistance from officials inside the central bank as well.

And here the old familiar friend of the Mediterranean way of life raises its ugly head again: say Welcome back! to Mrs. Bakshish and Mr. Corruption.

Blame it on the Gemans as usual. After all it were the Germans rejecting the governments plan to let the small people pay for the rich ones and consume savings below 100,000. And when the government next wanted to destroy the pension funds to use them for bailing out rich Russians, again it were the Germans saying No to that. Damn Teutonic party poopers! Cyprus could sink so beautifully in the waves if these arrogant Nazis would not always interfere. Save Europe from the Germanic storm!

But isn't that stuff just the trappings of the real reasons for conflict? Ie: greed and jealousy?

I thought we studied history so we didn't make the same mistakes they did in the past,, so why are we re-livin the 1930s under the 3rd term of Jimmy Carter ???????