Cyprus-Forum.com

[Lucky Jim]

Me and the wife have been discussing our summer holidays. Do you think Cyprus will be hit hard but the fall in the Euro and bleak forecast for jobs in the UK. We love coming to Cyprus but does the forum think that Cyprus might be a bit of a no no this year, empty restaurants and bars and the like what is the forums forecast?

Regards Lucky Jim

[Get Real!]

My forecast is that if you don't book now for a hotel you won't be coming to Cyprus this summer.

[Z4]

Yes Jim...but some cheap deals are to be had - check our website.

[Oracle]

Sterling is trading at below one Euro now! Unemployed are up to 2 Million and rising fast.

The catastrophe is facing the British first and foremost. Instead of worrying about other nations that have not mis-managed so much, for so long, Lucky Jim should look more to his own people's survival and how hard they have kicked themselves with their incessant unrelenting borrowing!

The British public is responsible for over half the total owed credit in the whole of Europe ... let alone what the fiscal system owes.

Brown is still desperately trying to pretend the problem is of such a global magnitude, and not a mostly "home alone" problem, in order to appease the British subjects and prevent a backlash that might take away his title of having been a "great" Chancellor.

But no doubt Britain can find a way, to plunder the reserves of others, and put the "Great" back into GB!....

[Tim Drayton]

With the euro at virtual parity with sterling, Cyprus is now an expensive destination for British holidaymakers. The number of tourists coming from Cyprus' traditional tourism market of the UK is obviously going to plummet; however, there are other markets. I notice that most of the tourists in Limassol at the moment are Russian. This summer, I also noticed an increase in the number of people from eurozone countries such as France, Belgium, the Netherlands and Germany. Cyprus needs to locate potential new markets and promote itself there. Russia looked promising, but the dramatic fall in the price of oil means that Russians have less money to burn. I think Cyprus should make a greater effort to attract tourists from the Arab world.

[CBBB]

We need a couple of casinos, that would be a big attraction for our Arab neighbours. It would also pull in a lot of Asians as they are all gambling mad, even worse than Cypriots!

[miltiades]

With interest rates much higher than before the Bank of England supposedly reduced them , it will be very tough for the British public .
Interest rates have soared since the so called reduction. We provide leasing for equipment and deal direct with leasing companies , all without exception have increased their rates . It is not uncommon to see rates at 1200 % higher than the BoE 2% rate in some cases 1600% mark up.
As for credit card companies , they rushed in with huge increases in their rates to borrowers , therefore the BoE interest reduction has had no effect what so ever other than a reduction in the interest paid to savers.
The British banking and financial institutions are responsible for the mess we are currently in , Sterling's dramatic fall against the Euro is a direct result of the so called Interest reduction by the BoE. Take it from me , interest rates are higher now than they were before the recent reductions.
Just take a look at what Gordon Brown and Lord Mandelson had to say to these highly incompetent greedy financiers.

"""Stop fleecing us, Brown warns credit card giants as interest rates soar

By Benedict Brogan
Last updated at 12:28 AM on 12th November 2008



Prime Minister Gordon Brown

Treat us fairly: Gordon Brown has ordered credit card companies to behave 'responsibly' to help people through the tough times

Credit card companies were ordered by Gordon Brown last night to stop fleecing customers.

He said they should behave 'responsibly' to help households through the difficult times.

The Prime Minister had been 'appalled' by complaints that interest rates remain sky-high despite the falling cost of borrowing.

Ministers emerged from a meeting with representatives of the leading banks to pledge that a new code of practice will be drawn up to protect consumers.

Business Secretary Lord Mandelson said: 'We have initiated a dialogue with the credit card companies to bring forward a code of best practice to ensure that everything possible is done to help families get through tough times ahead.'

Mr Brown said that with Britain diving into recession, it was unfair to make life more difficult for consumers.

He said the Government would act to establish 'clear principles' to make sure companies treated people fairly.

His spokesman said Mr Brown had been appalled by evidence that some credit rates had gone up by 10 per cent overnight, and that one store card was at 200 per cent.

A study of 240 credit cards showed that the cost of borrowing on cards has gone up, despite last week's dramatic cut of Bank of England interest rates to just 3 per cent.

The research by banking experts Defaqto for the Independent newspaper showed that since May, the average annual percentage rate (APR) on cards rose by 0.4 points, from 17.2 per cent to 17.6 per cent.

'Rip-off': Banks have increased interest rates on debit and credit cardholders despite the Bank of England dropping its rate ""

No one should have any doubt that those responsible for Britain's financial blight are the ones that are making sure that Britain remains in deep recession for a long time to come.

[Oracle]

Gordon Brown is doing his fair bit of fleecing ... raiding fiscal sources .... to help his re-election, because apparently he believes, since he let slip, that he is singularly "Saving the World" ...

[DT.]

The most major thing to come out of this crisis so far in Cyprus is that the Cypriots are buying up a shed load of property from Queensway till Maida Vale thanks to the GBP's parity with the EUro.

Many families that are sending their kids to study in the UK next year are planning to buy a house for the kids rather than rent.

[Oracle]

Hey ... if the Cypriots buy up at least 3% of the UK, it would balance out the Bases situation