CYPRUS Eugen Dijmărescu, the Rabbi from the Fund for the Guarantee of Bank Deposits

Yitzhak comes to Rabbi Eugen Dijmărescu bringing him two geese as a gift and says, while trying to anxiously catch his breath:

"Rabbi, Rabbi, they're going to conscript my young son Yitzhak Jr!".

"Now don't jump to conclusions, let me consult the Thorah, hmm, yes, yes ... No, Yitzhak Jr isn't leaving yet".

"But Rabbi, they've got him dressed in uniform..."

"Hmm, hmm, yes...Don't worry, he isn't leaving yet".

"But Rabbi, they're putting him on the train with other conscripts..."

"Hmm, hmm, yes... Don't worry, he isn't leaving yet".

"But Rabbi, the train has left the station!"

"Hmm, let's see what the Thorah says... hmm, hmm, yes, well, it's only now that Yitzhak is going into the army!"

In the same financial publication that was announcing that "Bank of Cyprus Romania has suspended its operations for a week", a big, triumphant headline was blaring: "Dijmărescu, the head of the Guarantee Fund: "The deposits in the subsidiaries of the Cypriot banks are safe" , and the article goes on in the same brightening mood: "The head of the Fund for the Guarantee of Bank Deposits (FGDB), Eugen Dijmărescu, who has an experience of more than 15 years in the banking sector, currently sees no reasons for concern domestically concerning the Cypriot crisis, and has told the depositors in Cypriot banks in Cyprus that they need to have confidence in Romanian lenders. They think that it would be too much to say that we are in a tense situation".

Very good, have my two geese as a tribute.

You speak so beautifully, Rabbi!

I particularly liked this one about "it's too much to say that we are in a tense situation".

No we aren't.

Bank of Cyprus România has suspended his operations for a week, but we are not in a tense situation.

ATM operations can still be performed.

A sycophant from the National Association for Consumer Protection shows up on TV and says that it's not a problem, the ATMs of Bank of Cyprus are still operational; the TV reporter, probably not yet versed in the way of the world, expressed his surprise: "OK, but maybe a company that keeps its accounts in Bank of Cyprus Romania has a payment to make, today - what can it do?!"

And the sycophant: "It can pay through another bank!"

It's simple.

What would you want them to do?

Say that it is going to go bankrupt?

Watch out, you'll start a panic!

Let's see what Rabbi Eugen Dijmărescu, had to say about it yesterday, in the same financial publication:

"We have to be very careful when we make statements about the situation of one bank or another, or the manner in which we interpret the events occurring, because people are naturally sensitive when it comes to their savings and they are tempted to pay heed to alarmist rumors. Because of that I can tell you that a contagion effect is indeed undesirable. And we wouldn't want it to spread to a country like Romania".

I really like financial journalism - when somebody steals from their clients, you say that they deserved it anyway, they were too greedy for their own good; when some company defaults, you say that it is just relaunching its activity.

So to prevent Yitzhak senior from panicking, Dijmărescu is assuring him that Yitzhak Jr is not yet leaving for the army.

He hasn't lied to him - Yitzhak Jr hasn't yet left, he will leave later.

On the other hand, Rabbi is not honest.