Cyprus-Forum.com

[supporttheunderdog]

Merkel's proposal as a solution to the Greek's protestations:

She has been looking at ways to deepen the EU internal market and boost mobility in Europe's labour market.

That's her solution to the crisis she has helped create in Greece. Get more Greeks over to Germany to work for them! Presumably they are hoping to kick out their troublesome migrant Turks.

Very clever.

So the whole crisis in the €uro... it was all manufactured by the Germans to recruit some Greek workers who could then replace the Turkish workers...?

or spanish, Irish, Italian, ... Gastarbeiter, or a new version of Ostarbeiter (to be called Sudarbieter) or even Zwangsarbeiter...

Sieg heil, seig heil, seig heil, Deutschland Duetschland Uber alles....

[GreekIslandGirl]

Merkel's proposal as a solution to the Greek's protestations:

She has been looking at ways to deepen the EU internal market and boost mobility in Europe's labour market.

That's her solution to the crisis she has helped create in Greece. Get more Greeks over to Germany to work for them! Presumably they are hoping to kick out their troublesome migrant Turks.

Very clever.

So the whole crisis in the €uro... it was all manufactured by the Germans to recruit some Greek workers who could then replace the Turkish workers...?

That's not what I'm saying. But it is to their advantage to increase Greece's problems (not help!) because they have a 'better' solution - to recruit impoverished Greeks workers because, as we know from USA statistics etc - Greeks are the BEST!

It is Merkel who has now brought in the mobility of the labour market within the EU as a solution.

Nevertheless, Germans are very good at planning ahead ...

[cyprusgrump]

Merkel's proposal as a solution to the Greek's protestations:

She has been looking at ways to deepen the EU internal market and boost mobility in Europe's labour market.

That's her solution to the crisis she has helped create in Greece. Get more Greeks over to Germany to work for them! Presumably they are hoping to kick out their troublesome migrant Turks.

Very clever.

So the whole crisis in the €uro... it was all manufactured by the Germans to recruit some Greek workers who could then replace the Turkish workers...?

That's not what I'm saying. But it is to their advantage to increase Greece's problems (not help!) because they have a 'better' solution - to recruit impoverished Greeks workers because, as we know from USA statistics etc - Greeks are the BEST!

It is Merkel who has now brought in the mobility of the labour market within the EU as a solution.

Nevertheless, Germans are very good at planning ahead ...

But it will cost Germany billions of €uros....

They could have paid every Turkish worker €1M to go home and still be better off than they will be after this crisis....

Your theory holds no water I'm afraid....

[boomerang]

i have a better suggestion, why not the cypriot government do a secret deal and call it "liberation, no pain and gain operation" with the turks and device a plan how we can subdivide greece between us...i call it "liberation, no pain and gain operation", for taking the pain away from greeks and gain(s) for cyprus and turkey...ofcource part of the deal will be "liberation" for cyprus...needless to say we will insist crete and athens become provinces of the cyprus republic...

i wonder if the turks will go for it?...

i still reckon my plan is the best plan on the table...maybe germany can join in, but they can't have too much...shit i forgot the joos...

[GreekIslandGirl]

Merkel's proposal as a solution to the Greek's protestations:

She has been looking at ways to deepen the EU internal market and boost mobility in Europe's labour market.

That's her solution to the crisis she has helped create in Greece. Get more Greeks over to Germany to work for them! Presumably they are hoping to kick out their troublesome migrant Turks.

Very clever.

So the whole crisis in the €uro... it was all manufactured by the Germans to recruit some Greek workers who could then replace the Turkish workers...?

That's not what I'm saying. But it is to their advantage to increase Greece's problems (not help!) because they have a 'better' solution - to recruit impoverished Greeks workers because, as we know from USA statistics etc - Greeks are the BEST!

It is Merkel who has now brought in the mobility of the labour market within the EU as a solution.

Nevertheless, Germans are very good at planning ahead ...

But it will cost Germany billions of €uros....

They could have paid every Turkish worker €1M to go home and still be better off than they will be after this crisis....

Your theory holds no water I'm afraid....

It's not my theory; it's Merkel's proposed solution. The German have been known to go to extremes for cheap labour.

Besides, I don't think Greece has actually cost anyone any money. So far, everyone has been making huge profits off the unfair interest rate charges they impose on Greece.

[cyprusgrump]

Merkel's proposal as a solution to the Greek's protestations:

She has been looking at ways to deepen the EU internal market and boost mobility in Europe's labour market.

That's her solution to the crisis she has helped create in Greece. Get more Greeks over to Germany to work for them! Presumably they are hoping to kick out their troublesome migrant Turks.

Very clever.

So the whole crisis in the €uro... it was all manufactured by the Germans to recruit some Greek workers who could then replace the Turkish workers...?

That's not what I'm saying. But it is to their advantage to increase Greece's problems (not help!) because they have a 'better' solution - to recruit impoverished Greeks workers because, as we know from USA statistics etc - Greeks are the BEST!

It is Merkel who has now brought in the mobility of the labour market within the EU as a solution.

Nevertheless, Germans are very good at planning ahead ...

But it will cost Germany billions of €uros....

They could have paid every Turkish worker €1M to go home and still be better off than they will be after this crisis....

Your theory holds no water I'm afraid....

It's not my theory; it's Merkel's proposed solution. The German have been known to go to extremes for cheap labour.

Besides, I don't think Greece has actually cost anyone any money. So far, everyone has been making huge profits off the unfair interest rate charges they impose on Greece.

You missed the bit about the creditors being forced to take a 50% loss on their investments then?

[GreekIslandGirl]

That's not what I'm saying. But it is to their advantage to increase Greece's problems (not help!) because they have a 'better' solution - to recruit impoverished Greeks workers because, as we know from USA statistics etc - Greeks are the BEST!

It is Merkel who has now brought in the mobility of the labour market within the EU as a solution.

Nevertheless, Germans are very good at planning ahead ...

But it will cost Germany billions of €uros....

They could have paid every Turkish worker €1M to go home and still be better off than they will be after this crisis....

Your theory holds no water I'm afraid....

It's not my theory; it's Merkel's proposed solution. The German have been known to go to extremes for cheap labour.

Besides, I don't think Greece has actually cost anyone any money. So far, everyone has been making huge profits off the unfair interest rate charges they impose on Greece.

You missed the bit about the creditors being forced to take a 50% loss on their investments then?

No, it's their exorbitant projected profits which had to be reduced. Those who charged interest rates at 20% had to reduce them to 10%. (reduced from nearly 30% in Feb to 20%, more like). Tell me how these 'investors' are losing any money at such interest rates?

[cyprusgrump]

That's not what I'm saying. But it is to their advantage to increase Greece's problems (not help!) because they have a 'better' solution - to recruit impoverished Greeks workers because, as we know from USA statistics etc - Greeks are the BEST!

It is Merkel who has now brought in the mobility of the labour market within the EU as a solution.

Nevertheless, Germans are very good at planning ahead ...

But it will cost Germany billions of €uros....

They could have paid every Turkish worker €1M to go home and still be better off than they will be after this crisis....

Your theory holds no water I'm afraid....

It's not my theory; it's Merkel's proposed solution. The German have been known to go to extremes for cheap labour.

Besides, I don't think Greece has actually cost anyone any money. So far, everyone has been making huge profits off the unfair interest rate charges they impose on Greece.

You missed the bit about the creditors being forced to take a 50% loss on their investments then?

No, it's their exorbitant projected profits which had to be reduced. Those who charged interest rates at 20% had to reduce them to 10%. (reduced from nearly 30% in Feb to 20%, more like). Tell me how these 'investors' are losing any money at such interest rates?

MOST came quietly in the end. After a tortuous process, the majority of private holders of Greek government bonds had agreed by March 9th to trade in their bonds for new longer-dated ones with less than half the face value of the old ones and a low interest rate. The biggest sovereign-debt restructuring in history allowed Greece to wipe some €100 billion ($130 billion) from its debts of around €350 billion. It will also be the first test of the resilience of the financial system to the payment on sovereign bonds of credit-default swaps (CDSs), a form of insurance against bad debts.

Holders of €152 billion of the €177 billion of sovereign bonds issued under Greek law signed up to the swap. The rest—those who did not respond to the bond-exchange offer or the holders of around €9 billion of bonds who opposed it—were forced to accept the deal. The Greek government invoked a recently enacted law that bound all private bondholders to the bond-swap if more than two-thirds of them consented to it. Holders of around €20 billion of the €29 billion of Greek bonds included under foreign law also agreed to the swap*. The rump were given until March 23rd to come around to the deal.

[GreekIslandGirl]

So how exactly did they make a loss on their 'investment'?

The interest rate payments (30%) alone over the last few years were more than these adjusted 'investments'!

[GreekIslandGirl]

Somebody answer me this:

If the Euro has (supposedly) suffered so badly, since Greece joined in 2001, how come it has soared from 1.6, around the time Greece joined, to 1.2 (now) against Sterling (its equivalent European currency)?

http://www.xe.com/currencycharts/?from= ... R&view=10Y