MPs in Cyprus parliament vote to reject controversial levy on bank depositors as part of EU-IMF bail
 

Just breaking - Not sure if that is the end of the episode or not...

Thats great but banks still closed until Thursday or maybe next Tuesday

That is excellent news if you're serious.

What happens to their bail out package now?

No bailout = Collapse, yes?

That's the big question.

Just a guess - Russia will step in - They have already sent 2.5 billion...

And in meantime can't do bank wires, not so nice if there's payouts to affiliates to do, or load to paxum, payoneer etc.

You are probably right. Their arms biz is booming so they have the change.

Russia said they´d fund it for rights to the huge gas field they found.

from CNN :thumbsup
http://money.cnn.com/2013/03/19/news...html?hpt=hp_t3

so i was curious of what a 'full sovereign bailout' meant.. so:

"A period of time in which several European countries faced the collapse of financial institutions, high government debt and rapidly rising bond yield spreads in government securities. The European sovereign debt crisis started in 2008, with the collapse of Iceland's banking system, and spread to primarily to Greece, Ireland and Portugal during 2009. The debt crisis led to a crisis of confidence for European businesses and economies. "

and the reason the Iceland banks failed is because the country was economically attacked by the UK. So some bank was providing 'online banking services', the UK government used laws enacted for fighting Terrorism to freeze all the funds and in effect, 'kill the banks'

so, are we under attack by our own countries?

If they fail, the deposits are only protected to 100k Euros. So maybe this is better as they could wipe out the big Russian accounts and just go on.

Supposedly Icelands economy is very strong and the bankers were prosecuted there for fraud???? Any truth to that? Cause maybe collapsing is a good thing

it's a funny story, you need to read by newspapers/dates/ and where the news was created

fortunately, in this case you can pay with your epassporte card !

You know, in the past, epassporte blocked some transactions with cyprus.
there is a reason, why they did that !

Yes thats pretty much the case and they allowed the banks to fail without any form of bail out.

is that the case?

This is like "money in motion" for a whole country :)