2013-11-01 Daily Telegraph Slovenia faces contagion from Cyprus as banking crisi

[qwerty555]

Re run of Cyprus banking problems coming soon to Slovenia? Those who are active with bitcoin in the area may wish to focus marketing efforts there as depositors head for the exits.


http://www.telegraph.co.uk/finance/financialcrisis/9960610/Slovenia-faces-contagion-from-Cyprus-as-banking-crisis-deepens.html


What happened in Cyprus?

capital controls which can be circumvented/offset by some bitcoin ownership.

http://www.telegraph.co.uk/finance/financialcrisis/9958595/Cyprus-imposes-capital-controls-the-measures.html

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[smiths8]

 bitcoin ownership rocks.

[dserrano5]

Re run of Cyprus banking problems coming soon to Slovenia? Those who are active with bitcoin in the area may wish to focus marketing efforts there as depositors head for the exits.

http://www.telegraph.co.uk/finance/financialcrisis/9960610/Slovenia-faces-contagion-from-Cyprus-as-banking-crisis-deepens.html

By Ambrose Evans-Pritchard
7:27PM GMT 28 Mar 2013

That's 7 months old.

[qwerty555]

Re run of Cyprus banking problems coming soon to Slovenia? Those who are active with bitcoin in the area may wish to focus marketing efforts there as depositors head for the exits.

http://www.telegraph.co.uk/finance/financialcrisis/9960610/Slovenia-faces-contagion-from-Cyprus-as-banking-crisis-deepens.html

By Ambrose Evans-Pritchard
7:27PM GMT 28 Mar 2013

That's 7 months old.

Sorry if there is confusion

the 1st link is today.. the 2nd link is 7 months old to demonstrate what could happen in Slovenia as happened in Cyprus 7 months ago

[dserrano5]

the 1st link is today.. the 2nd link is 7 months old to demonstrate what could happen in Slovenia as happened in Cyprus 7 months ago

No, the "Slovenia faces contagion" piece is 7 months old too. Or I woke up in a parallel universe today.

[qwerty555]

the 1st link is today.. the 2nd link is 7 months old to demonstrate what could happen in Slovenia as happened in Cyprus 7 months ago

No, the "Slovenia faces contagion" piece is 7 months old too. Or I woke up in a parallel universe today.

Apologies..You are correct the article which is in Telegraph today Nov `1st was reprinted from March . I just saw BBC world cover the issue today which is now that the IMF is putting pressure on Slovakia to recapitalize banks . The stress Test on banks is ongoing and the results are not due out until end of NOv I probably should have posted these from Oct 28 Oct and Oct 30th


http://finance.yahoo.com/news/slovenia-bank-recapitalisations-urgent-imf-174315997.html

http://www.centralbanking.com/central-banking/news/2303744/imf-calls-for-swift-action-as-slovenia-prepares-to-bail-out-banks


The broader issue is explained in the March reprint but this is how Cyprus started. The IMF warned Cyprus in Nov 2011 and the Capital controls came in March 2013..a 1 year 4 month lead time from warning to adverse effect. That was what I was stumbling to indicate

http://www.reuters.com/article/2011/10/12/cyprus-imf-idUSL5E7LC1PB20111012

[Wipeout2097]

That said, Ambrose Pritchard is a repugnant troll and City of London mouthpiece, so I'd not take his garbage seriously. He has no credibility outside of his fanbase