Cyprus-Forum.com

[erolz3]

Australia has a Trillion Dollar economy......

You seemed to have missed my point Paphitis.

Kikapus claim was "the TL that has lost at least 20% of its value against major world currencies in the last 1 year"

The facts actualy show this claim is just total sheer nonsense. As to if you think the Aus dollar is or is not a 'major currecny' is irrelevant to the point I am making - namely that kikapus claim is just bollocks if you care anything for actual facts. I included the Aus dollar even though it was an extreme case of TL loss vs another currency in last twelve months, regardless of if it is or is not a major currecny because even in this aytpical case we still do not get to Kikapus made up BS propaganda figure of 20% loss that supposedly applies to (all) major currencies according to him.

You see my point now ?

[Get Real!]

Australia has a Trillion Dollar economy. Population is just on 21 million.

Now if that doesn't make the Australian Economy and Currency a major international force in your opinion, then you're deluded.

All currencies in the world have been losing out to the AUD, because at the moment, Australia is considered to have the most solid economy in the OECD, along with Cyprus.

1. Revenues $323.6 billion (2009 est.)

Minus

2. Expenses $358.4 billion (2009 est.)
-------------------------------------

3. -34.8 billion deficit

[Gasman]

Isn't the easiest way to know what the exchange rate is to go to these places with your currency and either pay with it or change some up?

All I know is that I was getting more TL for pound sterling a few years ago than I would now. And more for my Euro a couple of years ago than I do now.

So to me that says that the TL is getting stronger against those two currencies - or am I missing summat bleedin' obvious?

[Get Real!]

It’s worse than I thought… a more accurate source reveals:

Total revenue A$290.6 billion

Total expenditures A$338.2 billion
----------------------------------------
Deficit A$57.6 billion

http://www.budget.gov.au/2009-10/conten ... /index.htm

[vaughanwilliams]

They'll need another hand out to cover the cost of the damage to the infrastructure over there. It must be enormous. Apparently the damage they caused during the last big riots was in the region of about 2 billion.

Then there's the cost of all the work days lost (they probably get time and a half for being off work rioting though) and for the stoppage of all transport and, not only losses from tourists unable to get there or put off for life from going there ever again (like those speaking on the TV who were unable to visit the Acropolis after travelling half way round the world to get there).

They need all the help they can get and this is how they show the world they are prepared to help themselves?

As someone remarked yesterday - a lot of people were aware of the laziness and corruption rife in Greece but after this - the WHOLE WORLD will now be aware.

And I am reading that it just might affect the handouts due from the EU and the dreaded IMF - I just hope they don't drag the whole Eurozone down with them. Because I live in the Eurozone!

"I just hope they don't drag the whole Eurozone down with them. Because I live in the Eurozone!"

As a Brit who lives in the TRNC, I'm happy to say "I don't
Look ".on the plus side: the carpetbaggers will start shopping in the RoC again, if the Euro keeps sliding!

You live in a place where inflation is around 9-10%, the TL that has lost at least 20% of its value against major world currencies in the last 1 year, and you think you are doing better than the Eurozone.??

Well, the TL has gained against the US dollar which is THE major world currency, so it can't be doing too bad. At the moment it is also gaining against the Euro day by day, so yes, I do think we are doing better than the Eurozone which is just about to disappear up its own arse.

[erolz3]

- or am I missing summat bleedin' obvious?

You are missing the bleedingly obvious need of some posters to simply disregard and ignore actual easily provable facts in their zeal to post BS propaganda that portrays Turkey in a negative light I think gasman.

[Get Real!]

Well, the TL has gained against the US dollar which is THE major world currency, so it can't be doing too bad. At the moment it is also gaining against the Euro day by day, so yes, I do think we are doing better than the Eurozone which is just about to disappear up its own arse.

Vaughan, just to cut a long story short... are you suggesting people should invest in the Turkish Lira?

[Paphitis]

Australia has a Trillion Dollar economy. Population is just on 21 million.

Now if that doesn't make the Australian Economy and Currency a major international force in your opinion, then you're deluded.

All currencies in the world have been losing out to the AUD, because at the moment, Australia is considered to have the most solid economy in the OECD, along with Cyprus.

1. Revenues $323.6 billion (2009 est.)

Minus

2. Expenses $358.4 billion (2009 est.)
-------------------------------------

3. -34.8 billion deficit

I was talking about GDP you dingbat!

Read it and weep!

1.02 Trillion!

http://www.google.com/publicdata?ds=wb- ... ralian+GDP

Furthermore, the figures you represent above is only for the federal Government. To get a truer picture, you need to also consider the budgets of all 6 Commonwealth States and the 2 Territories because each State and Territory has its own tax system and budget.

[vaughanwilliams]

Thank God it's the Greek Euro and not the Cypriot Euro that's going down the pan.

I thought the Euro belonged to everyone in the Euro Zone, including Cyprus and Greece, but GR, Milti, Oracle and Frag set me right on that and told me that Cyprus had its OWN currency which, just coincidentally I suppose, was also called the Euro.

So don't worry lads, your OWN Euro will be OK when the Greek Euro melts down.

Why is it that some people enjoy others sufferings? is it a common occurence.

The only suffering I'm enjoying is these idiots who are suffering under the illusion that RoC has its OWN currency.

[Get Real!]

Australia has a Trillion Dollar economy. Population is just on 21 million.

Now if that doesn't make the Australian Economy and Currency a major international force in your opinion, then you're deluded.

All currencies in the world have been losing out to the AUD, because at the moment, Australia is considered to have the most solid economy in the OECD, along with Cyprus.

1. Revenues $323.6 billion (2009 est.)

Minus

2. Expenses $358.4 billion (2009 est.)
-------------------------------------

3. -34.8 billion deficit

I was talking about GDP you dingbat!

Read it and weep!

1.02 Trillion!

http://www.google.com/publicdata?ds=wb- ... ralian+GDP

Furthermore, the figures you represent above is only for the federal Government. To get a truer picture, you need to also consider the budgets of all 6 Commonwealth States and the 2 Territories because each State and Territory has its own tax system and budget.

And I was responding to your sweeping...

"Australia is considered to have the most solid economy in the OECD"