Cyprus-Forum.com

[B25]

Some very important economists are telling us that we need serious structural changes to our economy in order to avoid the worst. They include Nobel winner Pissarides, ex financial minister Sarris and Orphanides whom I mentioned earlier. The government dismisses their frantic calls for sanity and this scares me.

Yes banaiotoglu, they were telling us the same disaster stories if we didn't accept the AP as well.

Well guess what???

[DT.]

Some very important economists are telling us that we need serious structural changes to our economy in order to avoid the worst. They include Nobel winner Pissarides, ex financial minister Sarris and Orphanides whom I mentioned earlier. The government dismisses their frantic calls for sanity and this scares me.

Re-structuring we desperately do need to tackle. Civil service and high (for Cyprus ) unemployment are critical and can be dealt with in a few simple yet brave measures that only a party like Akel would be able to. They're the only ones that can have this conversation with the unions. Do they have the balls to tackle this right now, I doubt it. It won't kill the economy but it will stop us from progressing any further when the govt keeps cutting a cheque that high for it's workforce. They should start with the teachers (take cover).

As far as exposure to Greece goes, it's minimal and can be absorbed simply with the margins the 2 large banks are making during 2 quarters.

[Bananiot]

Well, the longer we delay tackling these issues, the tougher will be the measures needed to rectify the situation. The measures do constitute simple economics but our populist politicians will not take them and thus we worry a great deal. Paphitis is in Australia, he has nothing to worry about this matter and Piratis is busy fighting for the liberation of Cyprus.

[Paphitis]

Well, the longer we delay tackling these issues, the tougher will be the measures needed to rectify the situation. The measures do constitute simple economics but our populist politicians will not take them and thus we worry a great deal. Paphitis is in Australia, he has nothing to worry about this matter and Piratis is busy fighting for the liberation of Cyprus.

I have financial interests in Cyprus and have an opinion.

If you ask me, the only restructuring required is a cull of the public sector and public sector spending cuts.

Will you be happy to swallow these bitter polls, or will you take to the streets?

[Bananiot]

Well, this will show who really loves and cares about Cyprus!

[Paphitis]

Well, this will show who really loves and cares about Cyprus!

I thought so!

I knew you wouldn't take these bitter pills!

[Bananiot]

You thought wrong, as usual ...

[Mr. T]

Hiya Mr T, how's our old mate Rough? Has he snuffed it yet? ... just asking.

As to matters of banking... a reminder to all that the Good People of the Free Areas of the Republic had the remarkable resolve to bounce back from the devastation of the Barbaric Turkish Invasion within a very small number of years.

So you see Mr T any exposure to dodgy greek debt is small beer by comparison, so carry on dreaming if you Scallywags are trying to talk up (and live in hope of) a collapse of the Republic's banking system.

Who the heck is Rough?

[Mr. T]

Hiya Mr T, how's our old mate Rough? Has he snuffed it yet? ... just asking.

As to matters of banking... a reminder to all that the Good People of the Free Areas of the Republic had the remarkable resolve to bounce back from the devastation of the Barbaric Turkish Invasion within a very small number of years.

So you see Mr T any exposure to dodgy greek debt is small beer by comparison, so carry on dreaming if you Scallywags are trying to talk up (and live in hope of) a collapse of the Republic's banking system.

Ooooooh! Mr T only asked a simple question!

Mr T is a filthy scumbag.

Good to see that you are still using all of your intellect when making posts.

[bill cobbett]

Hiya Mr T, how's our old mate Rough? Has he snuffed it yet? ... just asking.

As to matters of banking... a reminder to all that the Good People of the Free Areas of the Republic had the remarkable resolve to bounce back from the devastation of the Barbaric Turkish Invasion within a very small number of years.

So you see Mr T any exposure to dodgy greek debt is small beer by comparison, so carry on dreaming if you Scallywags are trying to talk up (and live in hope of) a collapse of the Republic's banking system.

Who the heck is Rough?

Rough Donktosh reh ... Jees! Where have you been for the past 6 decades??