Cyprus-Forum.com

[CBBB]

At last some sense.

Now all that is necessary is for Turkey to see some sense.

Or South Cyprus.

The RoC sees the sense, Turkeys dreams of joining the EU.

[Viewpoint]

"RoC" is divided Turkey is whole and independent.

[CBBB]

"RoC" is divided Turkey is whole and independent.

Agreed, Turkey is a hole and will remain independent!

[cwsmith]

Looking back at this thread, some comments seem way out.

Russians holding up the Cypriot economy?

Oh and to answer the question of how invested are we in Greek debt, see the link below (not for faint hearted)

http://www.guardian.co.uk/news/datablog ... posed#data

[Hermes]

Reports that Cyprus's deficit is about to be plugged by a loan from Russia with a favorable rate of 4.5 per cent...

Cyprus betting on 2.5 bln euro loan rescue from Russia

Cash-strapped Cyprus is in talks for a 2-2.5 bln euro loan either from or set up through the Russian government to refinance maturing debt and plug a deficit hole, local media reported on Friday.

Authorities declined to confirm or deny the report. Finance Minister Kikis Kazamias said it was known that authorities had been seeking long-term financing, but he was non-committal on possible sources of credit.
"For some time now we have been looking for sources of long-term financing to give us some kind of breathing space - not solve the problems we are trying to find solutions to ...but to give us a breather on the management of public debt.

"Provided that the conditions of financing and lending are advantageous and that there are no irrational demands, then it would be on the table for negotiation," Kazamias told Astra, a private radio station.
The Politis and Phileleftheros dailies cited government sources as saying consultations were underway with Moscow but nothing had been finalised. Phileleftheros said the two sides were very close to a deal.
Yields on Cypriot bonds on secondary markets have surged in recent months after repeated downgrades of the euro zone minnow by ratings agencies concerned over fiscal slippage, and exposure of the island's banking sector to Greece.

Cyprus has around 1 bln euros ($1.4 bln) in debt maturing in the first two months of 2012, and its current high yields have fanned speculation that the island could be a candidate for an EU bailout because its borrowing options seem limited.

Politis said the interest rate on the loan, which would be for up to 5 years, would be 4.5%. It would be used to cover liquidity and bond refinancing requirements over the next 18 months.

A 10-year bond issued to international investors in February 2010 was bid at 11.877% on Friday, from around 6.20% in early May. On Wednesday, Kazamias said that several options were under consideration for easing high yields. Among those options, he said, was an ECB bond buyback of Cypriot bonds, though he said no firm decisions had been taken on that.

Cyprus has close business and political ties with Russia. Hundreds of Russian businesses are based on the Mediterranean island, whose Communist president was educated in Russia.

http://www.financialmirror.com/research ... 56&rt=News

[B25]

With the prospect of gas and oil on the horizon, we are going to pre-approved for a lot of loans by many.

All we need to do is shut the dog up and away we go.

[Viewpoint]

With large amounts invested in the Greek markets isnt the south going to be hit by a banking crisis? knock on effect from heaving investment in Greel government bonds that are now worthless.

YOU GCS SHOULD JUST READ AND WEEP AT YOUR COMMENTS....

[Viewpoint]

Predicted this weeks ago.

So what happens now, VP?

Come on, lets hear some predictions!

Where are you now?

[Kikapu]

Predicted this weeks ago.

So what happens now, VP?

Come on, lets hear some predictions!

Where are you now?

Predicted what exactly?

[Lordo]

Predicted this weeks ago.

So what happens now, VP?

Come on, lets hear some predictions!

Where are you now?

Predicted what exactly?

roc is now at the same situation as 1974. did you predict that, i don't think so. tsillarga all over yours and your fanatic friends face.