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Is Cyprus the next Iceland?

Feel free to talk about anything that you want.

Postby Oracle » Sun Nov 02, 2008 12:07 am

Sotos wrote:
Oracle wrote:Oh hello CopperLine .... :oops:

What is wrong with under the mattress? Suited my granny! Old Cypriot / Greek habit! :D

You Turks should try it! ... Erm do you have any money? :?


Do they have mattresses? :?


:lol:

Good point!
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Postby CopperLine » Sun Nov 02, 2008 12:10 am

DT,
When someone writes ...
Maybe those people are mad because the kept their money elsewhere and not in Cyprus and now the lost them

they clearly do not understand the basic international character of money, investment and derivative markets. If they go on to imply that not depositing in Cyprus resulted in their loss is plain daft.

One reason for not putting money under your mattress is (a) real terms depreciation, compounded by (b) inflation and in an island economy heavily dependent on international commerce, due to (c) exchange rate depreciation. You may not have noticed Oracle but economies don't run on the same basis as your granny's habits.
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Postby Lee A Kada » Sun Nov 02, 2008 12:11 am

Oracle wrote:The only thing Iceland and Cyprus have in common is that they are both islands. The similarity stops there.

Cyprus has been at the heart of trade and civilisation for thousands of years longer than Iceland. 8) We are practiced Merchants and survivors; with an enviable climate and lifestyle, and many other commodities.


............and it's a member of the Commonwealth!
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Postby DT. » Sun Nov 02, 2008 12:19 am

CopperLine wrote:DT,
When someone writes ...
Maybe those people are mad because the kept their money elsewhere and not in Cyprus and now the lost them

they clearly do not understand the basic international character of money, investment and derivative markets. If they go on to imply that not depositing in Cyprus resulted in their loss is plain daft.

One reason for not putting money under your mattress is (a) real terms depreciation, compounded by (b) inflation and in an island economy heavily dependent on international commerce, due to (c) exchange rate depreciation. You may not have noticed Oracle but economies don't run on the same basis as your granny's habits.


sorry copperline but I thought you got side tracked while trying to draw similarities between Cyprus and Iceland.
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Postby Oracle » Sun Nov 02, 2008 12:40 am

Maybe Cyprus will take over that pathetic string of supermarket shops sadly / unimaginatively named "Iceland" and thaw them into life again (sans Katona! :roll: ) :D 8)
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Postby CBBB » Sun Nov 02, 2008 1:13 am

Iceland were much better off when they were Bejams!
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Postby Bubble 'n' squeak » Sun Nov 02, 2008 1:18 am

CBBB wrote:Iceland were much better off when they were Bejams!


God you've got a good memory! :shock:
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Postby CBBB » Sun Nov 02, 2008 1:21 am

Bubble 'n' squeak wrote:
CBBB wrote:Iceland were much better off when they were Bejams!


God you've got a good memory! :shock:


I download and watch Have I got News for you, and Paul Merton did that one 2 weeks ago, but I do vaguely remember Bejams.
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Postby Lee A Kada » Sun Nov 02, 2008 1:21 am

Bubble 'n' squeak wrote:
CBBB wrote:Iceland were much better off when they were Bejams!


God you've got a good memory! :shock:


I know someone who's still got a Bejam branded freezer and it's working perfectly. You can't beat Scandinavia for quality :)
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Postby CBBB » Sun Nov 02, 2008 1:29 am

Lee A Kada wrote:
Bubble 'n' squeak wrote:
CBBB wrote:Iceland were much better off when they were Bejams!


God you've got a good memory! :shock:


I know someone who's still got a Bejam branded freezer and it's working perfectly. You can't beat Scandinavia for quality :)


An obvious Ikea fan!
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