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A comment on “My bank account's got robbed by European Commission. Over 700k is lost.”. Parent comment

Re:“My bank account's got robbed by European Commission. Ove... by lazyjones on Friday March 29, 2013 @06:01AM (#5459953)
> Because the majority of the funds (I am generalizing) belongs/belonged to Russians who took advantage of the people on the conversion out of communism (dirty money).

You are not generalizing, you are just making this up. Only about 20% of the deposits in Cyprus belong to Russians.

> Greek's insolvency impacted Cyprus greatly, because a large portion of the Cyprus population are of Greek descent.

Nope. It impacted Cyprus because it participated in the Greece bailout and lost 4.5 bil to the haircut that followed.

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Re:“My bank account's got robbed by European Commission. Ove... by argonaut on Friday March 29, 2013 @06:18AM (#5460002)
> You are not generalizing, you are just making this up.

Calm down. Firstly, one number states that 30% of deposits are foreign owned [1]. Secondly, the accurate description of Shenglong's error would be "exaggerating."

> Nope. It impacted Cyprus because it participated in the Greece bailout and lost 4.5 bil to the haircut that followed.

You just attacked a straw man by quoting Shenglong out of context.

[1]http://www.nytimes.com/2013/03/27/business/global/bailout-gr...

[ Parent | on HN ]
Re:“My bank account's got robbed by European Commission. Ove... by icebraining on Friday March 29, 2013 @06:29AM (#5460028)
Foreign and Russian are a little different concepts.
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Re:“My bank account's got robbed by European Commission. Ove... by argonaut on Saturday March 30, 2013 @10:35PM (#5467458)
Now that's just semantics. Give me a citation if you want to refute me.
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Re:“My bank account's got robbed by European Commission. Ove... by icebraining on Sunday March 31, 2013 @06:04AM (#5468247)
About 37% of deposits are owned by foreigners, according to Barclays, and nearly 60% of that belongs to Russians, numbers compiled by Danske Bank (...) indicate.

So, nearly 60% of 37% is about 22%, not 30%.

http://www.forbes.com/sites/afontevecchia/2013/03/18/eu-take...

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