The real criminals are
The same people who voted the Heroic No, appear till today in the various public media and daily on TV to tell us how correct they were, with no remorse and any apology to the public. As if this was not enough one particular political party, for reasons of its own, over the recent presidential elections spread rumours that the Co-Op was going to collapse and they have even called my office (Mr M.K.) to warn us to take our deposits out of the Co-Op. This warning was repeated twice in one day and others followed. We did take out some money but several of our clients withdrew all their deposits.
Now and in order to complete the crime against the economy we have some and in particular one (left wing) party shooting all sorts of warnings against the Co-Op. End result about EUR 2 bil. deposits were withdrawn and at a time that the Government is trying to sell the Co-Op to interested investors (will there be any after this?).
The Government had to place as a deposit EUR 2.5 bil. in order to maintain the bank with money that the rest of us must come up with. As a result and in addition the unions of the Co-Op “warned” that they will not accept redundancy and reduction of their prevailing benefits. These 2.500 employees do not understand that they will also contribute to the disaster of the Co-Op since firing of excess staff cost millions to get the bank back into shape, but then, who cares dear readers about Cyprus other than each one for its own.
The various statements made by the E.U. regarding privatisation of public authorities and the overspending by the Government just after we got our head slightly above the drowning level, has encourage all sorts of unions to ask for more and more (see teachers, doctors, civil servants and others).
So at this point of time some serious depositors in all banks are turning their interest towards real estate investment, others take their money abroad and others keep their money at home in safes etc. We seem that we think that we are alone in this world and we ignore that whatever we do here, is monitored by others especially foreign