Cyprus-Forum.com

[paliometoxo]

im surprised you have gc friends with such hatred for anything greek or cypriot and such love for turkey and takism.

many other countries are just as bad as greece and worse. spain germany uk to name a few are not doing so well atm.. how did they con their way in? like turkey tried to blackmail their way in with the eu pipelines? or telling eu to forget cyprus? like that?:)

The countries you quote are net contributors to the EU Greece is a net taker, theres a big difference, but the facts now revealed that they have been cooking the books for years says it all, I have nothing against Greeks and those I have met on my visit to Greece understood our position in Cyprus as well, unlike GCs.

i understand it i just dont agree with it. i understand what your position is and i just strongly disagree with it..

i dont know how much greece contributes to eu so i cant say anything but i know other countries especially germany has been doing much worse even before there was a crisis

[frogeye]

Course they should and every thing else they are involved with,bunch of arse stabbing Homo's

[Get Real!]

Sorry to have placed this topic incorrectly, am astonished at the abuse

Nobody has abused you yet newbie but it looks like you're begging for it...

[Viewpoint]

They conned their way in and now their rotten economy will be the plague of the EU.

I agree, that will teach them a good lesson. What do you think Turkey's chances in joining the EU are now?

I have always stated Turkey is not an european country and that they will never enter the EU as a full member at best a speical partnership.

[Viewpoint]

im surprised you have gc friends with such hatred for anything greek or cypriot and such love for turkey and takism.

many other countries are just as bad as greece and worse. spain germany uk to name a few are not doing so well atm.. how did they con their way in? like turkey tried to blackmail their way in with the eu pipelines? or telling eu to forget cyprus? like that?:)

The countries you quote are net contributors to the EU Greece is a net taker, theres a big difference, but the facts now revealed that they have been cooking the books for years says it all, I have nothing against Greeks and those I have met on my visit to Greece understood our position in Cyprus as well, unlike GCs.

i understand it i just dont agree with it. i understand what your position is and i just strongly disagree with it..

i dont know how much greece contributes to eu so i cant say anything but i know other countries especially germany has been doing much worse even before there was a crisis

Greece does not contribute they suck the blood of the EU and now they have been found out to have cooked the books.

[DT.]

im surprised you have gc friends with such hatred for anything greek or cypriot and such love for turkey and takism.

many other countries are just as bad as greece and worse. spain germany uk to name a few are not doing so well atm.. how did they con their way in? like turkey tried to blackmail their way in with the eu pipelines? or telling eu to forget cyprus? like that?:)

The countries you quote are net contributors to the EU Greece is a net taker, theres a big difference, but the facts now revealed that they have been cooking the books for years says it all, I have nothing against Greeks and those I have met on my visit to Greece understood our position in Cyprus as well, unlike GCs.

i understand it i just dont agree with it. i understand what your position is and i just strongly disagree with it..

i dont know how much greece contributes to eu so i cant say anything but i know other countries especially germany has been doing much worse even before there was a crisis

Greece does not contribute they suck the blood of the EU and now they have been found out to have cooked the books.

Considering Cyprus is a net contributor we might be willing to help our EU partner out.

[Viewpoint]

im surprised you have gc friends with such hatred for anything greek or cypriot and such love for turkey and takism.

many other countries are just as bad as greece and worse. spain germany uk to name a few are not doing so well atm.. how did they con their way in? like turkey tried to blackmail their way in with the eu pipelines? or telling eu to forget cyprus? like that?:)

The countries you quote are net contributors to the EU Greece is a net taker, theres a big difference, but the facts now revealed that they have been cooking the books for years says it all, I have nothing against Greeks and those I have met on my visit to Greece understood our position in Cyprus as well, unlike GCs.

i understand it i just dont agree with it. i understand what your position is and i just strongly disagree with it..

i dont know how much greece contributes to eu so i cant say anything but i know other countries especially germany has been doing much worse even before there was a crisis

Greece does not contribute they suck the blood of the EU and now they have been found out to have cooked the books.

Considering Cyprus is a net contributor we might be willing to help our EU partner out.

What is the GC financial contribution in the grand scale of things?

[DT.]

im surprised you have gc friends with such hatred for anything greek or cypriot and such love for turkey and takism.

many other countries are just as bad as greece and worse. spain germany uk to name a few are not doing so well atm.. how did they con their way in? like turkey tried to blackmail their way in with the eu pipelines? or telling eu to forget cyprus? like that?:)

The countries you quote are net contributors to the EU Greece is a net taker, theres a big difference, but the facts now revealed that they have been cooking the books for years says it all, I have nothing against Greeks and those I have met on my visit to Greece understood our position in Cyprus as well, unlike GCs.

i understand it i just dont agree with it. i understand what your position is and i just strongly disagree with it..

i dont know how much greece contributes to eu so i cant say anything but i know other countries especially germany has been doing much worse even before there was a crisis

Greece does not contribute they suck the blood of the EU and now they have been found out to have cooked the books.

Considering Cyprus is a net contributor we might be willing to help our EU partner out.

What is the GC financial contribution in the grand scale of things?

I'm not sure, what matters is that we've contributed more than we've received in programs and funding.

[Viewpoint]

Hello you arent doing as good as you think...read the last line.

THE ECONOMY remained stuck in recession in the fourth quarter of last year, flash estimates showed yesterday.

A surge in government spending in the last quarter of 2009 helped reduce the rate of quarterly decline in gross domestic product to 0.3 per cent, compared with a contraction of 0.8 per cent in the third quarter, the statistics department said.

Year-on-year, real GDP fell 2.7 per cent in the fourth quarter compared to 2.5 per cent in the third, it said. Seasonally adjusted year on year figures for the fourth quarter were also down by 2.7 per cent.

It did not offer full year figures. The finance ministry has previously put the rate of economic decline for the whole year at 1.0 per cent.

"Winter quarters are always the weakest: however there are payments made in the fourth quarter by the government, so that is normally reflected in economic performance," economist Stelios Platis told Reuters, referring to the quarterly comparison.

Cyprus slipped into a recession in the first half of 2009, on a collapse in earnings on the property market, a buoyant sector of growth in previous years, and in tourism.

Tourism represents about 11 per cent of GDP. Arrivals were down 10.9 per cent in 2009 while earnings from the sector slumped almost 17 per cent.

Figures for January, released yesterday showed that arrivals fell by 2.4 per cent last month year-on-year.

Tourism represents about 11 per cent of GDP. January holidaymaker numbers reached 45,952 compared with 47,066 in the same period in 2009, the statistics department said.

There was a 10.2 per cent nosedive in the number of British visitors, who make up the bulk of arrivals to the island, and an 8.1 per cent drop in German tourism, although arrivals from Greece rose by 8.4 per cent last month.

"The recession is not that deep," Platis said. "One big project or a few large infrastructure projects is enough to bring the economy out of a recession."

The fourth quarter contraction was led by construction, hotels and restaurants, and also hit trade and transport.

The broader services sector was the only sector recording a positive performance, and the financial services sector showed marginal growth, the statistics department said.

Finance Minister Charilaos Stavrakis said on Thursday that if the government’s plan to save the economy was not pushed through there was a danger Cyprus would end up with the same economic crisis as Greece.

[DT.]

Hello you arent doing as good as you think...read the last line.

THE ECONOMY remained stuck in recession in the fourth quarter of last year, flash estimates showed yesterday.

A surge in government spending in the last quarter of 2009 helped reduce the rate of quarterly decline in gross domestic product to 0.3 per cent, compared with a contraction of 0.8 per cent in the third quarter, the statistics department said.

Year-on-year, real GDP fell 2.7 per cent in the fourth quarter compared to 2.5 per cent in the third, it said. Seasonally adjusted year on year figures for the fourth quarter were also down by 2.7 per cent.

It did not offer full year figures. The finance ministry has previously put the rate of economic decline for the whole year at 1.0 per cent.

"Winter quarters are always the weakest: however there are payments made in the fourth quarter by the government, so that is normally reflected in economic performance," economist Stelios Platis told Reuters, referring to the quarterly comparison.

Cyprus slipped into a recession in the first half of 2009, on a collapse in earnings on the property market, a buoyant sector of growth in previous years, and in tourism.

Tourism represents about 11 per cent of GDP. Arrivals were down 10.9 per cent in 2009 while earnings from the sector slumped almost 17 per cent.

Figures for January, released yesterday showed that arrivals fell by 2.4 per cent last month year-on-year.

Tourism represents about 11 per cent of GDP. January holidaymaker numbers reached 45,952 compared with 47,066 in the same period in 2009, the statistics department said.

There was a 10.2 per cent nosedive in the number of British visitors, who make up the bulk of arrivals to the island, and an 8.1 per cent drop in German tourism, although arrivals from Greece rose by 8.4 per cent last month.

"The recession is not that deep," Platis said. "One big project or a few large infrastructure projects is enough to bring the economy out of a recession."

The fourth quarter contraction was led by construction, hotels and restaurants, and also hit trade and transport.

The broader services sector was the only sector recording a positive performance, and the financial services sector showed marginal growth, the statistics department said.

Finance Minister Charilaos Stavrakis said on Thursday that if the government’s plan to save the economy was not pushed through there was a danger Cyprus would end up with the same economic crisis as Greece.

You need to understand what makes net contributors and net recievers of EU funding. Unprofitable and innefficient (yet necessary for some) programs such as the Common Agriculture Policy are what eat up a large chunk of the funding. Countries with large agricultural sectors such as France and Poland take a hige chunk of this funding for their farming subsidies and to a smaller extent Greece and Portugal.

Cyprus which is a service economy has not much need for these programs and therefore has been designated a net contributor.

As far as the economy this year is concerned we're no where near where Greece is, Portugal or Spain are. We do not have an urgent need to re-finance 50+ Billion of facilities that mature every year.

Stavrakis is trying to push some hard measures and needs to let the people know that the govt is going to be tightetning its belt in a way where they won't complain. The bogeyman right now is Greece so thats the example he's using.