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South Cyprus heading for Greek financial Crisis

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South Cyprus heading for Greek financial Crisis

Postby Viewpoint » Sun Apr 24, 2011 1:04 am

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.
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Postby Piratis » Sun Apr 24, 2011 1:47 am

The crisis in Greece has already affected Cyprus and it will affect it more if Greece restructures its debt. But don't hope for some catastrophe to happen here, it will not. Our banks are strong and the government can support them if necessary.
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Postby Klik » Sun Apr 24, 2011 3:43 am

... and the Russians will never let Cypriot economy rot ;)
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Postby Klik » Sun Apr 24, 2011 3:43 am

and what the fuck is South Cyprus? CYPRUS IS ONE... get over it
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Postby DTA » Sun Apr 24, 2011 3:55 am

Klik wrote:... and the Russians will never let Cypriot economy rot ;)


Russians are cosying up to Turkey how do you feel about that?
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Postby CBBB » Sun Apr 24, 2011 7:05 am

DTA wrote:
Klik wrote:... and the Russians will never let Cypriot economy rot ;)


Russians are cosying up to Turkey how do you feel about that?


No problem, we are better at hiding their money!
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Postby DT. » Sun Apr 24, 2011 7:19 am

DTA wrote:
Klik wrote:... and the Russians will never let Cypriot economy rot ;)


Russians are cosying up to Turkey how do you feel about that?


Turks are cosying up to Cypriot banks to hide the cash, how do you feel about that?
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Postby Viewpoint » Sun Apr 24, 2011 10:09 am

Obviously you know nothing about the banks in Turkey after the crisis of 2000 they have become one of the most advanced in the world way ahead of your antient heavily Greek bond invested money market collapsed time bomb, your administration could not bail themout even if they wanted your coffers are empty.
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Postby Nikitas » Sun Apr 24, 2011 10:22 am

The way the problems is depicted in other countries' press is that too much cash is being moved from affliced economies, like Greece, Portugal and Spain to the relative security of Cyprus banks. They must know something VP does not know.
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Postby Viewpoint » Sun Apr 24, 2011 1:30 pm

Do you know how much your banks have invested in Greek government bonds that are now worthless?
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