Are you blind or? *Of course* it was not socalistic at first, that's why it became rich. But now it is going to shit hole so fast they have already surpassed us here. We got system-restart in 90s, true, but only warm restart, that's why socialistic tendencies came back relatively quickly. But it's sad how fast former fortresses of freedom like UK or USA became police states.

Anway, socialism can go on only that long for how long they have (stolen) welfare to pay the whole thing.

Probably would, the problem for Cyprus was that they had a very large banking sector compared to a very small normal economy, so when the banking sector made a bunch of bad bets there weren't enough regular taxpayers to bail them out.

Blaming it all on Merkel or the EU Commission is dumb and lets the people and systems actually responsible for losing the OP's money off the hook, but we've covered this up-thread.

If something, than UESR (The Union of European Socialistic Republics), EUSSR is some bullshit.

Yes, and it shows the "solutions" that people in power will come to when pressed. Now take a look at the debt obligations of major Western nations and work out how that might be ultimately resolved. Default, inflation, and wealth-grabs are the only real long-term ways out. Personally, I think it'll be mostly #2 (with some underhanded #3 thrown in), but oddly quite possibly preceded by another ugly *de*flationary dislocation. It's a mess. Guard your money.

"fascism" is the word you're looking for.

You're thinking of 2nd half 20th century retrospective analysis, not what was happening at the time. The fascist governments of the first half of the 20th century went through a progression of  population treatment that began manipulatively, with the average person believing the propaganda. And even at it's height, the elite used deceit to maintain the support of the public: the German people weren't evil, they believed they were fighting it, by all means necessary. I'm not saying that we're going that way, I would seriously doubt that the current ruling class would recreate such an obvious reflection of history that is still remembered by those that survived. But fascism isn't defined by cackling megalomaniacs with serious looking uniforms and scowling faces. It's a totalitarian management of human behaviour, not a comic book military dictatorship. And it takes many forms, robbing the poor to maintain the rich (and telling lies about it) is just another form.

Zeroday since your from Cyprus and your account was robbed by Laike Bank I would like to hear your opinion on Neo @ Bee for Cypriots.
Seems like an interesting development and a great place to start bitcoin adoption.

Just some background info

Neo offers Cypriot residents depository and financial services. Customers can open demand deposit, savings, business, and merchant accounts. Though all customer deposits are held in full reserve in Bitcoin, many customers will use Euro-pegged accounts, allowing them to interact with their money like they would with Euro deposits at any traditional bank.  Accounts will also be available that offer full exposure to the Bitcoin price level. Regardless of which currency they bank in primarily, all customers can seamlessly deposit, withdraw, or transfer either Bitcoin or Euros. Neo simplifies Bitcoin usage, to enable simple, easy transfers without requiring understanding of the complex technology.  Neo will comply with all applicable financial and banking laws and regulations.  The Flagship Branch and second branch are both planned to open in February 2014.
https://bt.irlbtc.com/view/289730.0

I haven't read all of the posts in this thread (yet), did the OP get any money back?

He didn't get any of the amount he showed he lost back, no. Most of his account was lost to the power-hungry and money-hungry politicians who want to buy votes any way they can, that was the "over 700k" lost out of around 850k if I remember correctly..  :-)

This is a long thread, and I can only imagine how upset zeroday was when it happened and now, but he seems to have voted with his feet and gone to a better jurisdiction.