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North Cyprus is all but officially bankrupt

How can we solve it? (keep it civilized)

Postby paliometoxo » Thu Nov 20, 2008 4:14 pm

all those years turkey dident even think about sitting on the table for a solution now they are in trouble they suddenly want a solution one that suits them and F's the greek speaking cypriots over.
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Postby vaughanwilliams » Mon Nov 24, 2008 2:17 pm

TRNC is very nearly, if not completely flat on its arse, financially. She has become totally dependant on Turkey for her very existence. And who's fault is that? You GC's have had your foot on their necks since 1974 and your wish will finally be granted. There will be a solution but not one that you will like once you see the cost of bringing the North up to your standard. You seem to think a solution on your terms will be the end of the problem - I think that you will find it has only just begun. On reaching a solution Turkey will want to back away asap, financially. This will leave you to pick up the tab. Every penny the EU gives you will have to be spent in the North. Money needed to run the TRNC will have to be supplemented by even more money to modernize it.
Did you see how happy the Germans were when the Berlin wall came down? A year or so later the smile was no longer there. It nearly bankrupted Germany, and it's not over yet.
The effect here will be the same, albeit smaller in scale.
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Postby Tim Drayton » Mon Nov 24, 2008 2:27 pm

I think some people are mising the point here. Yes, the north of Cyprus is almost entirely financially dependent on Turkey. In a sense it has always been bankrupt - it has never had a real economy. Turkey may well be feeling a lot of pain due to the global economic crisis, but she is not so cash strapped as to be unable to fork up another 500 million dollars. The reason she does not do so is political, not economic. It is about exerting pressure on the leadership in the north.
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Postby Get Real! » Mon Nov 24, 2008 2:31 pm

Tim Drayton wrote:I think some people are mising the point here. Yes, the north of Cyprus is almost entirely financially dependent on Turkey. In a sense it has always been bankrupt - it has never had a real economy. Turkey may well be feeling a lot of pain due to the global economic crisis, but she is not so cash strapped as to be unable to fork up another 500 million dollars. The reason she does not do so is political, not economic. It is about exerting pressure on the leadership in the north.

Good post, in these "critical days" of the Cyprus problem how else can Turkey ensure that TCs represent her flawlessly than by starving them... :lol:
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Postby Get Real! » Mon Nov 24, 2008 2:36 pm

vaughanwilliams wrote:TRNC is very nearly, if not completely flat on its arse, financially. She has become totally dependant on Turkey for her very existence. And who's fault is that? You GC's have had your foot on their necks since 1974 and your wish will finally be granted.

Everything the TCs had ever manged to produce was getting purchased and gobbled up by Turkey within hours so it's not an issue of the TCs not being able to export as they don't produce much anyway.

This will leave you to pick up the tab.

I have to agree with that which is another reason why I don't support this "community" shit at all. It seems that all that Christofias is aiming at is to replace Turkey with the handouts!
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Postby CBBB » Mon Nov 24, 2008 2:42 pm

vaughanwilliams wrote:TRNC is very nearly, if not completely flat on its arse, financially. She has become totally dependant on Turkey for her very existence. And who's fault is that? You GC's have had your foot on their necks since 1974 and your wish will finally be granted. There will be a solution but not one that you will like once you see the cost of bringing the North up to your standard. You seem to think a solution on your terms will be the end of the problem - I think that you will find it has only just begun. On reaching a solution Turkey will want to back away asap, financially. This will leave you to pick up the tab. Every penny the EU gives you will have to be spent in the North. Money needed to run the TRNC will have to be supplemented by even more money to modernize it.
Did you see how happy the Germans were when the Berlin wall came down? A year or so later the smile was no longer there. It nearly bankrupted Germany, and it's not over yet.
The effect here will be the same, albeit smaller in scale.


Wooried about having to give your house back to it's rightful owners are we?
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Postby vaughanwilliams » Mon Nov 24, 2008 2:46 pm

Another thing you will find is that you will inherit thousands and thousands of civil servants who, just like the ones you already have, do nothing, are over-paid, retire on a pension then are re-hired and all this on top of the 13th salary. The politics of the North depend on civil service voters and you won't get rid of them any easier than you could get rid of your own.
Poisoned chalice springs to mind.
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Postby Nikitas » Mon Nov 24, 2008 2:46 pm

Bringing 120 000 TCs to the same level as the GCs is a matter of 5 years. YOu cannot compare it with Germany where the industrial base of the east had to be brought up to the standards of West Germany. The two situations are totally different.
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Postby Get Real! » Mon Nov 24, 2008 2:50 pm

Nikitas wrote:YOu cannot compare it with Germany where the industrial base of the east had to be brought up to the standards of West Germany. The two situations are totally different.

I recon our gap is even greater than what the Germans faced...
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Postby Get Real! » Mon Nov 24, 2008 3:03 pm

vaughanwilliams wrote:Another thing you will find is that you will inherit thousands and thousands of civil servants who...

Well the idea is to convert them to civil-engineering-servants by teaching them how to carry buckets of mortar… :lol:
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