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Standard and Poor's downgrades Cyprus' credit rating

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Postby supporttheunderdog » Wed Nov 17, 2010 4:34 am

Get Real! wrote::shock: What's the US doing in green???

It goes to show that these ratings are full of shit!


I agree with you on this one - but add Europe, and beware that Cyprus will suffer too, as we are tied to the Euro, have a excessive public spending and the banks are floating on a property bubble which could go pop
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Postby insan » Mon Nov 22, 2010 7:44 pm

LEADING DIKO and DISY politicians yesterday declared they would seek to stop the second and sometimes third pensions awarded to retired civil servants even if it cost them valuable votes in next May’s parliamentary elections.

DISY deputy chairman Averof Neophytou and DIKO vice president Nicolas Papadopoulos declared that an important part of the much needed overhaul of the pensions system entails taking decisions on the distortion between private and public sector pensions.

“The economy can't wait just because there are elections,” said Papadopoulos.

“One of the chapters that needs structural measures is the pensions' scheme and one of the matters that concerns us the most is the double and treble pensions."

Neophytou said although changes may cost votes, “some people must speak out, before we turn into Greece and Greece is in our back yard.”

http://www.cyprus-mail.com/cyprus/polit ... l/20101121
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Postby Mr. T » Mon Nov 22, 2010 9:14 pm

kurupetos wrote:Still better than Turkey! :lol:



Image


An up-to-date map showing the current situation would be worth looking at rather than this one?

What colour do you think Cyprus is on this out-of-date one?

Turkey's rate has improved with more improvement likely.

http://www.standardandpoors.com/ratings ... 5219876701

At this rate it would not be long before Turkey could be laughing at you.
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Postby Me Ed » Mon Nov 22, 2010 10:18 pm

Mr. T wrote:Turkey's rate has improved with more improvement likely.

http://www.standardandpoors.com/ratings ... 5219876701

At this rate it would not be long before Turkey could be laughing at you.

You guys spend so much time on this forum speculating, one must wonder why Turkey isn't triple-A.

Must be your very consistent and very poor speculation.
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Postby Get Real! » Tue Nov 23, 2010 12:50 am

Mr. T wrote:What colour do you think Cyprus is on this out-of-date one?

A more prosperous one than Turkey, Greece, or the puppet state! :wink:

Turkey's rate has improved with more improvement likely.

http://www.standardandpoors.com/ratings ... 5219876701

At this rate it would not be long before Turkey could be laughing at you.

Best to get there first and THEN laugh because so far Cyprus has been laughing at YOU! :lol:
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Postby kurupetos » Tue Nov 23, 2010 1:10 am

Mr. T wrote:http://www.standardandpoors.com/ratings ... 5219876701

At this rate it would not be long before Turkey could be laughing at you.


Mr. Titch,

Have a look at these figures:

Entity Domestic Rating Foreign Rating T&C Assessment
Turkey (Republic of) BB+ BB BBB-
Cyprus (Republic of) A A AAA

http://www.standardandpoors.com/ratings ... Sovereigns

Right now I'm laughing at you. :lol:
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Postby Oracle » Tue Nov 23, 2010 1:14 am

kurupetos wrote:
Mr. T wrote:http://www.standardandpoors.com/ratings ... 5219876701

At this rate it would not be long before Turkey could be laughing at you.


Mr. Titch,

Have a look at these figures:

Entity Domestic Rating Foreign Rating T&C Assessment
Turkey (Republic of) BB+ BB BBB-
Cyprus (Republic of) A A AAA

http://www.standardandpoors.com/ratings ... Sovereigns

Right now I'm laughing at you. :lol:


Notice, they call it the Hellenic Republic! 8)
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Postby Gasman » Tue Nov 23, 2010 1:14 am

adding that had the necessary understanding been shown by all social partners, this might not have happened.


Oh wot a surprise! He blamed it on others!


In his speech, President Christofias said that the current economic situation in Cyprus warrants alertness, cooperation and intensification of efforts, as well as responsibility and self-discipline.


Wot a load of meaningless twaddle and waffle. He is the Pres. he should be DOING something about it - not calling for self discipline - self regulation never works.
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Postby kurupetos » Tue Nov 23, 2010 1:18 am

Oracle wrote:
kurupetos wrote:
Mr. T wrote:http://www.standardandpoors.com/ratings ... 5219876701

At this rate it would not be long before Turkey could be laughing at you.


Mr. Titch,

Have a look at these figures:

Entity Domestic Rating Foreign Rating T&C Assessment
Turkey (Republic of) BB+ BB BBB-
Cyprus (Republic of) A A AAA

http://www.standardandpoors.com/ratings ... Sovereigns

Right now I'm laughing at you. :lol:


Notice, they call it the Hellenic Republic! 8)


OMG! You are right! :D :D :D 8)
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Postby Mr. T » Tue Nov 23, 2010 7:09 pm

Me Ed wrote:
Mr. T wrote:Turkey's rate has improved with more improvement likely.

http://www.standardandpoors.com/ratings ... 5219876701

At this rate it would not be long before Turkey could be laughing at you.

You guys spend so much time on this forum speculating, one must wonder why Turkey isn't triple-A.

Must be your very consistent and very poor speculation.


It is probably best for you not to comment if you have to wonder why Turkey's rating isn't AAA.

It only takes a modicum of knowledge of international trade and finance to start to understand.

Perhaps, however, you may have an inkling of the deteriorating situation in Cyprus. If so read the link I posted showing how things are improving fast in Turkey and then you may be able to comprehend a little better.
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