Cyprus-Forum.com

[cyprusgrump]

Billions!

At least eight billion I believe...

I think you will find the figure quoted was nearer to EIGHTY billion.

My bad...

[Gasman]

Here you go - from the Christian Science monitor yesterday. (lol!)
(Well, at least it won't be put down as 'filthy Turkish lies')

How much?

Earlier this week, European leaders and the IMF were mooting a €45 billion ($60 billion) bailout. On Monday, economists Piero Ghezzi and Chrstian Keller at Barclays Capital argued in a research note that €45 billion would tide Greece over for only about a year, and that Greece needs at least €90 billion, coupled with tough austerity measures at home.

On Wednesday, IMF boss Dominique Strauss-Kahn told German lawmakers in a closed meeting that the Greek bailout will need to be between €100 billion to €120 billion, according to the Wall Street Journal, which cited MP Jürgen Trittin for the information.

[paliometoxo]

thats a lot of money, not as bad as america though i bet

[Paphitis]

well it just shows how well we are doing in the south that we can even support greece while in the north they cannot stand on two feet without turkey

No Palio ... we are not "supporting" Greece. It is a loan much like others have offered, albeit at a more realistic interest rate!

And yes of course there has to be some reciprocity as Greece has been spending a huge amount of money to keep the EU Turk-free as far as possible, apart from their disgusting continued presence in half our country, the evil warlords!

The RoC should be charging a healthy 15% in interest since this is such a high risk lend. Better still, the RoC should have borrowed 91 Billion and bought Greece out....

[Gasman]

thats a lot of money, not as bad as america though i bet

In what context?

To paraphrase an old US president 'America is an elephant, Greece is a flea'.

America can afford to have a much bigger national debt than a country like Greece.

[Gasman]

From here:

President Johnson to Greek Ambassador, Alexander Matsas, June 1964 following Ambassador Matsas's refusal to agree to the US Acheson plan for the partition and 'double enosis' of Cyprus

Then listen to me Mr Ambassador. Fuck your parliament and your constitution. America is an elephant, Cyprus is a flea, Greece is a flea. If these two feckless fleas continue itching the elephant they may get whacked by the elephant’s trunk, whacked good… We pay a lot of good American dollars to the Greeks Mr Ambassador. If your Prime Minister gives me talk about democracy, parliament and the constitution, he, his parliament and his constitution may not last very long.

[vaughanwilliams]

Well, a loan is a loan and we are getting a good interest rate return.

So Palio, you cannot compare it to the handouts Turkey uses to subsidise her illegal and immoral occupation of Cyprus!

Yes. A loan is a loan and the definition of a loan is something that gets paid back by the borrower to the lender.
What do you rate your chances of ever seeing that money back from Greece?

[Paphitis]

Well, a loan is a loan and we are getting a good interest rate return.

So Palio, you cannot compare it to the handouts Turkey uses to subsidise her illegal and immoral occupation of Cyprus!

Yes. A loan is a loan and the definition of a loan is something that gets paid back by the borrower to the lender.
What do you rate your chances of ever seeing that money back from Greece?

Quite good actually.

I believe Greece will pay it back and more. It would be the first to be paid, because Cyprus is their sister nation that has always supported Greece through many bad moments. The RoC even rebuilt an entire village that was destroyed in bush fires.

[Mikiko]

The amount is insignificant and will not change anything especially If its a loan! If they cut the wages of the unproductive public servants to donate to Greece it would collect the billions required starting from stavrakis.

[YFred]

From here:

President Johnson to Greek Ambassador, Alexander Matsas, June 1964 following Ambassador Matsas's refusal to agree to the US Acheson plan for the partition and 'double enosis' of Cyprus

Then listen to me Mr Ambassador. Fuck your parliament and your constitution. America is an elephant, Cyprus is a flea, Greece is a flea. If these two feckless fleas continue itching the elephant they may get whacked by the elephant’s trunk, whacked good… We pay a lot of good American dollars to the Greeks Mr Ambassador. If your Prime Minister gives me talk about democracy, parliament and the constitution, he, his parliament and his constitution may not last very long.

Has my friend Kickapoo seen this?