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.
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.
This will leave you to pick up the tab.
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.
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.
vaughanwilliams wrote:Another thing you will find is that you will inherit thousands and thousands of civil servants who...
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