Cyprus-Forum.com

[bigOz]

Jerry,
The EU would never do that, if you had any Trading floor experience in an investment bank, you have never had suggested such a thing. I know Get Real is a Turk+hating idiot and a dreamer of a Pure Greek Gay Cyprus society, but I thought more from you Jerry. I would love for the EU to try and do such a thing with a Turkey of Today with its 5th largest growing economy in the world and a major energy/political hub. Get Real may be the self-confessed "Elite" idiot of this forum who has made it his sad life to respond to ever comment against anything Greek in this forum, but I hoped that other had their own mind and were not easily lead. The TRNC is there forever, the GCs are compelled to sit infront of the TCs until a UN settlement is reached and Turkey knows that any concessions on Cyprus is poitnless and the Greek Cypriot idiology is worthless. The Greek Cypriots will be the losers in the end and Christofias knows it which is why he wants out at the earliest possible time, which is why Clerides has said numerous times that the Recognition of the TRNC is inevitable and that saying NO to the Annan Plan was a huge mistake. Turkey knows what it's doing in Cyprus, and the EU CARROTT means absolutely nothing to Turkey but everything to the EU. When the TRNC is recognised, I will be the first to comment on this pathetic forum.

Nothing to do with the EU carrot except the fact that, even outside the EU, Turkey's economy and prosperity is dependent on trade with EU. You obviously did not read or understand the link I sent you. Your economy has been growing too fast, inflationary pressures will build up which will ultimately result in problems for the Turkish Lira.

How long will Turkish citizens put up with subsidising the higher standard of living that TCs enjoy - especially when they are told they are going to have to tighten their belts? The "trnc" is a shambles, it's falling apart, you only have to see what the Brits write about it on CY44.

PS, I'm not easily led.

PPS The "trnc" can never be legally recognised without the consent of the ROC

Jerry - if you are such a good economist, I suggest you help bail out Greek economy and leave the prospering Turkish economy to professionals, who obviously know what they are doing (unlike their Greek neighbours!). And that, without being in the sick & dying EU! Have no worries, at this rate, soon they will offer Cyprus to Turkey on a plate just to make them accept joining the EU!

[Jerry]

Jerry,
The EU would never do that, if you had any Trading floor experience in an investment bank, you have never had suggested such a thing. I know Get Real is a Turk+hating idiot and a dreamer of a Pure Greek Gay Cyprus society, but I thought more from you Jerry. I would love for the EU to try and do such a thing with a Turkey of Today with its 5th largest growing economy in the world and a major energy/political hub. Get Real may be the self-confessed "Elite" idiot of this forum who has made it his sad life to respond to ever comment against anything Greek in this forum, but I hoped that other had their own mind and were not easily lead. The TRNC is there forever, the GCs are compelled to sit infront of the TCs until a UN settlement is reached and Turkey knows that any concessions on Cyprus is poitnless and the Greek Cypriot idiology is worthless. The Greek Cypriots will be the losers in the end and Christofias knows it which is why he wants out at the earliest possible time, which is why Clerides has said numerous times that the Recognition of the TRNC is inevitable and that saying NO to the Annan Plan was a huge mistake. Turkey knows what it's doing in Cyprus, and the EU CARROTT means absolutely nothing to Turkey but everything to the EU. When the TRNC is recognised, I will be the first to comment on this pathetic forum.

Nothing to do with the EU carrot except the fact that, even outside the EU, Turkey's economy and prosperity is dependent on trade with EU. You obviously did not read or understand the link I sent you. Your economy has been growing too fast, inflationary pressures will build up which will ultimately result in problems for the Turkish Lira.

How long will Turkish citizens put up with subsidising the higher standard of living that TCs enjoy - especially when they are told they are going to have to tighten their belts? The "trnc" is a shambles, it's falling apart, you only have to see what the Brits write about it on CY44.

PS, I'm not easily led.

PPS The "trnc" can never be legally recognised without the consent of the ROC

Jerry - if you are such a good economist, I suggest you help bail out Greek economy and leave the prospering Turkish economy to professionals, who obviously know what they are doing (unlike their Greek neighbours!). And that, without being in the sick & dying EU! Have no worries, at this rate, soon they will offer Cyprus to Turkey on a plate just to make them accept joining the EU!

Ever heard the expression "pride comes before a fall" BO? Obviously you too failed to read the link, Here's a quote for you " That same year, Kursad Tuzmen, the state minister for foreign trade, announced that United Arab Emirates ruler Sheik Khalifa bin Zayid al-Nuhayyan would invest $100 billion in Turkish companies. Not to be outdone, Saudi Arabia's finance minister announced earlier this year that Saudi Arabia would invest $400 billion in Turkey over the next four years." It's from the post that Boomers made that you could not be bothered to read.

If and when those investors get even a sniff of problems in the Turkish economy they will withdraw their cash and your currency will tumble - just like it did in the UK. For all its weaknesses the UK has a mature and more resilient economy, Turkey does not.

I couldn't give a monkeys about the Greek economy because it has little or no effect on Cyprus.

[Kikapu]

Jerry,
The EU would never do that, if you had any Trading floor experience in an investment bank, you have never had suggested such a thing. I know Get Real is a Turk+hating idiot and a dreamer of a Pure Greek Gay Cyprus society, but I thought more from you Jerry. I would love for the EU to try and do such a thing with a Turkey of Today with its 5th largest growing economy in the world and a major energy/political hub. Get Real may be the self-confessed "Elite" idiot of this forum who has made it his sad life to respond to ever comment against anything Greek in this forum, but I hoped that other had their own mind and were not easily lead. The TRNC is there forever, the GCs are compelled to sit infront of the TCs until a UN settlement is reached and Turkey knows that any concessions on Cyprus is poitnless and the Greek Cypriot idiology is worthless. The Greek Cypriots will be the losers in the end and Christofias knows it which is why he wants out at the earliest possible time, which is why Clerides has said numerous times that the Recognition of the TRNC is inevitable and that saying NO to the Annan Plan was a huge mistake. Turkey knows what it's doing in Cyprus, and the EU CARROTT means absolutely nothing to Turkey but everything to the EU. When the TRNC is recognised, I will be the first to comment on this pathetic forum.

Nothing to do with the EU carrot except the fact that, even outside the EU, Turkey's economy and prosperity is dependent on trade with EU. You obviously did not read or understand the link I sent you. Your economy has been growing too fast, inflationary pressures will build up which will ultimately result in problems for the Turkish Lira.

How long will Turkish citizens put up with subsidising the higher standard of living that TCs enjoy - especially when they are told they are going to have to tighten their belts? The "trnc" is a shambles, it's falling apart, you only have to see what the Brits write about it on CY44.

PS, I'm not easily led.

PPS The "trnc" can never be legally recognised without the consent of the ROC

Jerry - if you are such a good economist, I suggest you help bail out Greek economy and leave the prospering Turkish economy to professionals, who obviously know what they are doing (unlike their Greek neighbours!). And that, without being in the sick & dying EU! Have no worries, at this rate, soon they will offer Cyprus to Turkey on a plate just to make them accept joining the EU!

Ever heard the expression "pride comes before a fall" BO? Obviously you too failed to read the link, Here's a quote for you " That same year, Kursad Tuzmen, the state minister for foreign trade, announced that United Arab Emirates ruler Sheik Khalifa bin Zayid al-Nuhayyan would invest $100 billion in Turkish companies. Not to be outdone, Saudi Arabia's finance minister announced earlier this year that Saudi Arabia would invest $400 billion in Turkey over the next four years." It's from the post that Boomers made that you could not be bothered to read.

If and when those investors get even a sniff of problems in the Turkish economy they will withdraw their cash and your currency will tumble - just like it did in the UK. For all its weaknesses the UK has a mature and more resilient economy, Turkey does not.

I couldn't give a monkeys about the Greek economy because it has little or no effect on Cyprus.

August 22nd, 2010.

[humanist]

HHHmmm interesting interview, I do agree with Turkey's view on either full or no membership. The Minister was pressed with some hard questions and he did well. I would have liked to have seen more of that debate.

[Viewpoint]

Turkey knows exactly what it is doing but the GCs will lose any leverage they may have had exploiting their EU membership.

[Jerry]

Jerry,
The EU would never do that, if you had any Trading floor experience in an investment bank, you have never had suggested such a thing. I know Get Real is a Turk+hating idiot and a dreamer of a Pure Greek Gay Cyprus society, but I thought more from you Jerry. I would love for the EU to try and do such a thing with a Turkey of Today with its 5th largest growing economy in the world and a major energy/political hub. Get Real may be the self-confessed "Elite" idiot of this forum who has made it his sad life to respond to ever comment against anything Greek in this forum, but I hoped that other had their own mind and were not easily lead. The TRNC is there forever, the GCs are compelled to sit infront of the TCs until a UN settlement is reached and Turkey knows that any concessions on Cyprus is poitnless and the Greek Cypriot idiology is worthless. The Greek Cypriots will be the losers in the end and Christofias knows it which is why he wants out at the earliest possible time, which is why Clerides has said numerous times that the Recognition of the TRNC is inevitable and that saying NO to the Annan Plan was a huge mistake. Turkey knows what it's doing in Cyprus, and the EU CARROTT means absolutely nothing to Turkey but everything to the EU. When the TRNC is recognised, I will be the first to comment on this pathetic forum.

Nothing to do with the EU carrot except the fact that, even outside the EU, Turkey's economy and prosperity is dependent on trade with EU. You obviously did not read or understand the link I sent you. Your economy has been growing too fast, inflationary pressures will build up which will ultimately result in problems for the Turkish Lira.

How long will Turkish citizens put up with subsidising the higher standard of living that TCs enjoy - especially when they are told they are going to have to tighten their belts? The "trnc" is a shambles, it's falling apart, you only have to see what the Brits write about it on CY44.

PS, I'm not easily led.

PPS The "trnc" can never be legally recognised without the consent of the ROC

Jerry - if you are such a good economist, I suggest you help bail out Greek economy and leave the prospering Turkish economy to professionals, who obviously know what they are doing (unlike their Greek neighbours!). And that, without being in the sick & dying EU! Have no worries, at this rate, soon they will offer Cyprus to Turkey on a plate just to make them accept joining the EU!

Ever heard the expression "pride comes before a fall" BO? Obviously you too failed to read the link, Here's a quote for you " That same year, Kursad Tuzmen, the state minister for foreign trade, announced that United Arab Emirates ruler Sheik Khalifa bin Zayid al-Nuhayyan would invest $100 billion in Turkish companies. Not to be outdone, Saudi Arabia's finance minister announced earlier this year that Saudi Arabia would invest $400 billion in Turkey over the next four years." It's from the post that Boomers made that you could not be bothered to read.

If and when those investors get even a sniff of problems in the Turkish economy they will withdraw their cash and your currency will tumble - just like it did in the UK. For all its weaknesses the UK has a mature and more resilient economy, Turkey does not.

I couldn't give a monkeys about the Greek economy because it has little or no effect on Cyprus.

August 22nd, 2010.

Very interesting video, Kikapu thanks I would not have much confidence in a minister who believes that the Turkish economy will be third biggest in Europe after the UK and Russia. He did confirm the importance of the European market to the Turkish economy however.

[Kikapu]

Jerry,
The EU would never do that, if you had any Trading floor experience in an investment bank, you have never had suggested such a thing. I know Get Real is a Turk+hating idiot and a dreamer of a Pure Greek Gay Cyprus society, but I thought more from you Jerry. I would love for the EU to try and do such a thing with a Turkey of Today with its 5th largest growing economy in the world and a major energy/political hub. Get Real may be the self-confessed "Elite" idiot of this forum who has made it his sad life to respond to ever comment against anything Greek in this forum, but I hoped that other had their own mind and were not easily lead. The TRNC is there forever, the GCs are compelled to sit infront of the TCs until a UN settlement is reached and Turkey knows that any concessions on Cyprus is poitnless and the Greek Cypriot idiology is worthless. The Greek Cypriots will be the losers in the end and Christofias knows it which is why he wants out at the earliest possible time, which is why Clerides has said numerous times that the Recognition of the TRNC is inevitable and that saying NO to the Annan Plan was a huge mistake. Turkey knows what it's doing in Cyprus, and the EU CARROTT means absolutely nothing to Turkey but everything to the EU. When the TRNC is recognised, I will be the first to comment on this pathetic forum.

Nothing to do with the EU carrot except the fact that, even outside the EU, Turkey's economy and prosperity is dependent on trade with EU. You obviously did not read or understand the link I sent you. Your economy has been growing too fast, inflationary pressures will build up which will ultimately result in problems for the Turkish Lira.

How long will Turkish citizens put up with subsidising the higher standard of living that TCs enjoy - especially when they are told they are going to have to tighten their belts? The "trnc" is a shambles, it's falling apart, you only have to see what the Brits write about it on CY44.

PS, I'm not easily led.

PPS The "trnc" can never be legally recognised without the consent of the ROC

Jerry - if you are such a good economist, I suggest you help bail out Greek economy and leave the prospering Turkish economy to professionals, who obviously know what they are doing (unlike their Greek neighbours!). And that, without being in the sick & dying EU! Have no worries, at this rate, soon they will offer Cyprus to Turkey on a plate just to make them accept joining the EU!

Ever heard the expression "pride comes before a fall" BO? Obviously you too failed to read the link, Here's a quote for you " That same year, Kursad Tuzmen, the state minister for foreign trade, announced that United Arab Emirates ruler Sheik Khalifa bin Zayid al-Nuhayyan would invest $100 billion in Turkish companies. Not to be outdone, Saudi Arabia's finance minister announced earlier this year that Saudi Arabia would invest $400 billion in Turkey over the next four years." It's from the post that Boomers made that you could not be bothered to read.

If and when those investors get even a sniff of problems in the Turkish economy they will withdraw their cash and your currency will tumble - just like it did in the UK. For all its weaknesses the UK has a mature and more resilient economy, Turkey does not.

I couldn't give a monkeys about the Greek economy because it has little or no effect on Cyprus.

August 22nd, 2010.

Very interesting video, Kikapu thanks I would not have much confidence in a minister who believes that the Turkish economy will be third biggest in Europe after the UK and Russia. He did confirm the importance of the European market to the Turkish economy however.

That prediction was made by Goldman Sachs couple of years ago, probably just before the Financial meltdown and our good friend Tim Drayton did tell us about it then, so that is what the Turkish Finance Minister was talking about Turkey having $6 trillion Dollar economy with $60,000 US Dollars per capita by 2050. I don't know where Goldman Sachs stand on that prediction today. My guess is, they do not, but makes good politics for Turkey to tell the EU what great economy they will have in the future, just because some clown at Goldman Sachs was having a April Fools Day fun..!

[boomerang]

turkey is benefitting coz the eu has become a service economy...but things are changing as the eu is trotting around the globe signing free agreements with major players, at the horrror of turkey missing out riding the gravy train...

EU-South Korea trade deal sparks no joy in Turkey

By Toby Vogel
14.10.2010 / 04:20 CET
Turkish businesses fear losing out from an EU-South Korea free-trade deal.
There was no celebration in Istanbul when Kim Jong-Hoon, South Korea's trade minister, and Karel De Gucht, European commissioner for trade, signed a free trade agreement in Brussels last Wednesday (6 October). The deal will lift, or reduce, tariff lines on most goods and liberalise investment and trade in services between the EU and South Korea. One study has found that the deal, which takes effect on 1 July 2011, will unlock extra trade worth close to €20 billion, and Commission officials use superlatives to describe the deal: the most ambitious trade pact since the North American Free Trade Agreement; the most wide-ranging trade agreement ever negotiated by the EU; the most innovative in tackling non-tariff barriers.

But the agreement has negative implications for Turkey, which was not at the negotiating table. Because it is in a customs union with the EU (see box, right), Turkey expects to feel the effects of increased competition from Korean goods as acutely as many EU member states. The Korea-EU trade agreement “is a big deal for Turkey”, said Sinan Ülgen, the chair of the Centre for Economics and Foreign Policy Studies (EDAM), a think-tank in Istanbul.

Head-on competition
The most direct effect is on trade between the two countries: the deal “opens Turkey's market to Korean exports while Korea's market will remain closed to Turkish goods,” Ülgen said. Trade between Turkey and Korea is, however, negligible: Turkey exports very little to South Korea, while close to half of its exports go to the EU. That is where the real problem lies, according to Ülgen: by scrapping import tariffs on Korean goods, the EU chips away at Turkey's privileged position on the EU's internal market. Turkey and Korea manufacture many of the same goods – white goods, consumer electronics, automobiles, chemicals – and will now compete head-on.

A related Turkish fear is that Korean goods, once they circulate freely on the EU's internal market, will enter Turkey free of import restrictions or tariffs. There is nothing to prevent Turkey from maintaining import tariffs on Korean goods, but in practice they will be difficult to maintain, according to Bahadir Kaleagasi, the head of Brussels office of the Turkish Industry and Business Association (Tüsiad). It will be impracticable to trace Korean goods entering Turkey via an EU member state, he explains. “We are not against free trade with Korea, but we do not want trade distortions,” Kaleagasi said. Korea and Turkey have now begun free trade talks of their own, but Ülgen said that there was “no true economic incentive” for Korea to conclude such a deal.

Distant EU membership aspirations
The most profound effect, however, is on the very architecture of Turkey's trade relationship with the EU.

Turkey has benefited enormously from the customs union: by obliging Turkish exporters to comply with many of the EU's internal standards, the customs union has made Turkish exports more diversified and sophisticated than they were two decades ago. But the customs union was supposed to be the last stage of Turkey's association process with the EU and pave the wave for its full membership.

That prospect has now receded into the distant future, for political reasons. Without that end point, the relationship may now start drifting. “There will be a protracted period of soul-searching whether the customs union is sustainable,” said Ülgen, who was involved in negotiating the customs union in the 1990s.

An EU trade official said that it was “premature” to say whether there will be significant problems for Turkey.


© 2010 European Voice. All rights reserved.

Fact file

Turkey-EU customs union
Turkey is one of only four countries that are in a customs union with the EU (the others are Andorra, Monaco and San Marino). The customs union took effect on 31 December 1995 and foresees, in principle, that all traded goods circulate free of duty or import restrictions between the two sides. The agreement does not apply to agricultural goods, services or public procurement, and coal and steel products are subject to a preferential regime set out in a separate agreement. The customs union also provides for the approximation of relevant legislation in Turkey to EU rules.

The customs union creates a single external tariff for goods from the outside. That sets it apart from the European Free Trade Association (EFTA), with which Turkey has a free-trade agreement, or the European Economic Area, which links most of EFTA with the EU.

Turkey continues to impose certain restrictions on the free movement of goods, notably a ban on traffic from EU member Cyprus to or through Turkish sea- and airports. While this is economically insignificant, it is a political issue that could yet bring to a standstill Turkey's bid to join the EU. The European Commission points to other commitments that remain only partially fulfilled, including the removal of import licences and the enforcement of intellectual property rights. The Commission has also criticised restrictions placed by Turkey on the import of goods that are manufactured in non-member states and circulate in the EU.

EU-Turkey trade

Turkey is the EU's fifth-largest export market and its seventh-largest source of imports. Bilateral trade in 2008 exceeded €100 billion in 2008, with EU exports to Turkey worth €54.3bn and imports from Turkey worth €45.9bn (which amounts to close to half of Turkey's trade). This puts the country far ahead of South Korea, with which the EU traded goods worth €65.1bn in 2008 (€25.7bn in exports from the EU and €39.4bn in imports to the EU).

Turkish exports today are as likely to be road vehicles as apparel – both groups of goods make up around 11% of total exports by value, although of exports to the EU, they amount to around one-quarter each.

http://www.europeanvoice.com/article/imported/eu-south-korea-trade-deal-sparks-no-joy-in-turkey/69176.aspx

[Kikapu]

Jerry,
The EU would never do that, if you had any Trading floor experience in an investment bank, you have never had suggested such a thing. I know Get Real is a Turk+hating idiot and a dreamer of a Pure Greek Gay Cyprus society, but I thought more from you Jerry. I would love for the EU to try and do such a thing with a Turkey of Today with its 5th largest growing economy in the world and a major energy/political hub. Get Real may be the self-confessed "Elite" idiot of this forum who has made it his sad life to respond to ever comment against anything Greek in this forum, but I hoped that other had their own mind and were not easily lead. The TRNC is there forever, the GCs are compelled to sit infront of the TCs until a UN settlement is reached and Turkey knows that any concessions on Cyprus is poitnless and the Greek Cypriot idiology is worthless. The Greek Cypriots will be the losers in the end and Christofias knows it which is why he wants out at the earliest possible time, which is why Clerides has said numerous times that the Recognition of the TRNC is inevitable and that saying NO to the Annan Plan was a huge mistake. Turkey knows what it's doing in Cyprus, and the EU CARROTT means absolutely nothing to Turkey but everything to the EU. When the TRNC is recognised, I will be the first to comment on this pathetic forum.

Nothing to do with the EU carrot except the fact that, even outside the EU, Turkey's economy and prosperity is dependent on trade with EU. You obviously did not read or understand the link I sent you. Your economy has been growing too fast, inflationary pressures will build up which will ultimately result in problems for the Turkish Lira.

How long will Turkish citizens put up with subsidising the higher standard of living that TCs enjoy - especially when they are told they are going to have to tighten their belts? The "trnc" is a shambles, it's falling apart, you only have to see what the Brits write about it on CY44.

PS, I'm not easily led.

PPS The "trnc" can never be legally recognised without the consent of the ROC

Jerry - if you are such a good economist, I suggest you help bail out Greek economy and leave the prospering Turkish economy to professionals, who obviously know what they are doing (unlike their Greek neighbours!). And that, without being in the sick & dying EU! Have no worries, at this rate, soon they will offer Cyprus to Turkey on a plate just to make them accept joining the EU!

Ever heard the expression "pride comes before a fall" BO? Obviously you too failed to read the link, Here's a quote for you " That same year, Kursad Tuzmen, the state minister for foreign trade, announced that United Arab Emirates ruler Sheik Khalifa bin Zayid al-Nuhayyan would invest $100 billion in Turkish companies. Not to be outdone, Saudi Arabia's finance minister announced earlier this year that Saudi Arabia would invest $400 billion in Turkey over the next four years." It's from the post that Boomers made that you could not be bothered to read.

If and when those investors get even a sniff of problems in the Turkish economy they will withdraw their cash and your currency will tumble - just like it did in the UK. For all its weaknesses the UK has a mature and more resilient economy, Turkey does not.

I couldn't give a monkeys about the Greek economy because it has little or no effect on Cyprus.

August 22nd, 2010.

Very interesting video, Kikapu thanks I would not have much confidence in a minister who believes that the Turkish economy will be third biggest in Europe after the UK and Russia. He did confirm the importance of the European market to the Turkish economy however.

Here is the second part of the same interview.

[MrH]

"Fanatics" and "Ignorant".

The two words I used above were in response to Get Real's post, originally. Wanting Independence as the ORIGINAL PARTNER people of the ORIGINAL 1960 Cyprus Constitution after so much miss-trust and a very bloody history on the island with the Greek Cypriot nationalist is NOT a "Fanatical" call but one of Our Constitutional right. And, if this Independence is not internationally gain in the Short Term then the Status Quo is better than being united under a Greek/Hellenic deep-rooted Nationalistic Government and people like the Current Hijacked Republic of Cyprus. The Current GC-ROC will never gain control over the North, ever, but will sooner or later realise that it will become a partner Republic on the island with its neighbour. Continue trying to use words like Fanatical and Ignorant on those whom fight for independence and you will only one day wake up to another Montenegro, Kosovo or at least Taiwan. Love you and leave!