Get Real! wrote:Viewpoint wrote:These "loans" are the smaller part of the funding which are being repaid when possible, the loans were nonrepayable if you GCs would have agreed the AP.
Any which way you look at it… the “Turkish Cypriots” as a political entity is seriously BAD news for anyone to get entangled with!
I've compared the situation between the North and South of Cyprus with the East and West of Germany, and the fact that reunification nearly ruined the West German economy. In fact I believe the dust still hasn't settled on the state of their economy due to it.
Given that the TCs are not going away, the more you take over the North, the more of the financial baggage you will have to take on as well. Whatever they owe, you may have to pick up the best part of the tab.
Be careful what you wish for.