Cyprus-Forum.com

[Nikitas]

The property market was sunk long before the current crisis. Too much property for sale, too few buyers since last year. Cypriots, both GCs and TCs found an easy resource in land, and the authorities encouraged this free for all. Developing virgin land is not the way to development. Preserving virgin land is the modern way to create wealth, but to do that requires imagination and mental dexterity which Cypriots are not willing to exercise at the moment.

Good example is the treatment of Akamas and Karpasia, where locals are clamouring for licenses to build and thereby destroy unique resources! No one seems to know enough to tell them that they can make more money by NOT building anything.

The business of the future will be rehabilitation of land. It will be funny to see "developers" lining up for a share in the funds to restore the northern side of Pentadaktylos.

[roseandchan]

get real
i know what you are saying, where i was coming from is that cyprus banks will be affected by the outside problems.
how ever good a bank is, it will be effected by things which it cannot control.
over development in spain is now showing some big effects on the countrys banking systems.
i was watching something on tv, they were saying that the greek banks were the little darlings right now, as they didn't have much exposure to the other problems compaired to most other banks.

[psycho]

get real
i know what you are saying, where i was coming from is that cyprus banks will be affected by the outside problems.
how ever good a bank is, it will be effected by things which it cannot control.
over development in spain is now showing some big effects on the countrys banking systems.
i was watching something on tv, they were saying that the greek banks were the little darlings right now, as they didn't have much exposure to the other problems compaired to most other banks.

So if you have any spare dosh are you suggesting we stick it in a Greek Bank? Is there a Greek compensation scheme similar to the one offered by the FSA?

[DT.]

get real
i know what you are saying, where i was coming from is that cyprus banks will be affected by the outside problems.
how ever good a bank is, it will be effected by things which it cannot control.
over development in spain is now showing some big effects on the countrys banking systems.
i was watching something on tv, they were saying that the greek banks were the little darlings right now, as they didn't have much exposure to the other problems compaired to most other banks.

So if you have any spare dosh are you suggesting we stick it in a Greek Bank? Is there a Greek compensation scheme similar to the one offered by the FSA?

The FSA isn't worth the building its sitting in.

The Greek government has gauranteed all deposits in Greek banks.

[psycho]

get real
i know what you are saying, where i was coming from is that cyprus banks will be affected by the outside problems.
how ever good a bank is, it will be effected by things which it cannot control.
over development in spain is now showing some big effects on the countrys banking systems.
i was watching something on tv, they were saying that the greek banks were the little darlings right now, as they didn't have much exposure to the other problems compaired to most other banks.

So if you have any spare dosh are you suggesting we stick it in a Greek Bank? Is there a Greek compensation scheme similar to the one offered by the FSA?

The FSA isn't worth the building its sitting in.

The Greek government has gauranteed all deposits in Greek banks.

DT is there a limit you can invest?
Will the the Bank of Cyprus Greece guarantee all deposits?

[DT.]

get real
i know what you are saying, where i was coming from is that cyprus banks will be affected by the outside problems.
how ever good a bank is, it will be effected by things which it cannot control.
over development in spain is now showing some big effects on the countrys banking systems.
i was watching something on tv, they were saying that the greek banks were the little darlings right now, as they didn't have much exposure to the other problems compaired to most other banks.

So if you have any spare dosh are you suggesting we stick it in a Greek Bank? Is there a Greek compensation scheme similar to the one offered by the FSA?

The FSA isn't worth the building its sitting in.

The Greek government has gauranteed all deposits in Greek banks.

DT is there a limit you can invest?
Will the the Bank of Cyprus Greece guarantee all deposits?

here you are mate

http://www.reuters.com/article/rbssFina ... 8920081007

[CBBB]

I wish I had money to worry about!

Governments guaranteeing deposits is a nice cheap option for them. If depositors don't rush to get their money out, it doesn't cost anything.

The problems would arise if we all decided to bury our savings (in gold?) in our back gardens.

[psycho]

get real
i know what you are saying, where i was coming from is that cyprus banks will be affected by the outside problems.
how ever good a bank is, it will be effected by things which it cannot control.
over development in spain is now showing some big effects on the countrys banking systems.
i was watching something on tv, they were saying that the greek banks were the little darlings right now, as they didn't have much exposure to the other problems compaired to most other banks.

So if you have any spare dosh are you suggesting we stick it in a Greek Bank? Is there a Greek compensation scheme similar to the one offered by the FSA?

The FSA isn't worth the building its sitting in.

The Greek government has gauranteed all deposits in Greek banks.

DT is there a limit you can invest?
Will the the Bank of Cyprus Greece guarantee all deposits?

here you are mate

http://www.reuters.com/article/rbssFina ... 8920081007

Cheers DT, the article does say that Greek banks will guarantee for bank deposits to 100,000 euros and will be enacted soon.

It looks like the Greeks are proposing a political pledge to guarantee all deposits in Greek banks, regardless of the amount, which would not require legislation. I'm not sure if this has been agreed has it?

[DT.]

get real
i know what you are saying, where i was coming from is that cyprus banks will be affected by the outside problems.
how ever good a bank is, it will be effected by things which it cannot control.
over development in spain is now showing some big effects on the countrys banking systems.
i was watching something on tv, they were saying that the greek banks were the little darlings right now, as they didn't have much exposure to the other problems compaired to most other banks.

So if you have any spare dosh are you suggesting we stick it in a Greek Bank? Is there a Greek compensation scheme similar to the one offered by the FSA?

The FSA isn't worth the building its sitting in.

The Greek government has gauranteed all deposits in Greek banks.

DT is there a limit you can invest?
Will the the Bank of Cyprus Greece guarantee all deposits?

here you are mate

http://www.reuters.com/article/rbssFina ... 8920081007

Cheers DT, the article does say that Greek banks will guarantee for bank deposits to 100,000 euros and will be enacted soon.

It looks like the Greeks are proposing a political pledge to guarantee all deposits in Greek banks, regardless of the amount, which would not require legislation. I'm not sure if this has been agreed has it?

Not just yet though I think everyone's expecting this today or tomorrow. Greek banks have already started poaching foreign client deposits due to this edge.

[psycho]

get real
i know what you are saying, where i was coming from is that cyprus banks will be affected by the outside problems.
how ever good a bank is, it will be effected by things which it cannot control.
over development in spain is now showing some big effects on the countrys banking systems.
i was watching something on tv, they were saying that the greek banks were the little darlings right now, as they didn't have much exposure to the other problems compaired to most other banks.

So if you have any spare dosh are you suggesting we stick it in a Greek Bank? Is there a Greek compensation scheme similar to the one offered by the FSA?

The FSA isn't worth the building its sitting in.

The Greek government has gauranteed all deposits in Greek banks.

DT is there a limit you can invest?
Will the the Bank of Cyprus Greece guarantee all deposits?

here you are mate

http://www.reuters.com/article/rbssFina ... 8920081007

Cheers DT, the article does say that Greek banks will guarantee for bank deposits to 100,000 euros and will be enacted soon.

It looks like the Greeks are proposing a political pledge to guarantee all deposits in Greek banks, regardless of the amount, which would not require legislation. I'm not sure if this has been agreed has it?

Not just yet though I think everyone's expecting this today or tomorrow. Greek banks have already started poaching foreign client deposits due to this edge.

I think they'll be getting deposits from my business and personal accounts if it gets the go ahead. And I'm sure a lot of other people will be doing the same.