Cyprus-Forum.com

[-mikkie2-]

Well, Erdogan is becoming more dictatorial by the day. Unfortunately, Turkey won't be put in its place until such time Erdogan does something really stupid and puts in jeopardy the security of the West. Now that Russia is in the bad books again it means Turkeys importance has increased. Consequence of this is she can do as she pleases in the Eastern Med.

[Lordo]

yep, thats just about the top and the bottom of it.

[Nikitas]

Kikapu said"

"Turkey provides the cheap labour",

But labour alone is not enough. After having seen the transformation of a factory in Italy from full skilled machinist setup employing 1200 people to a full CNC facility employing 240 people I realised the effect of modern machines. A single supervisor is in constant touch with every machine in that factory, through his smart phone. It is eerie to see that shop floor, with 90 CNC machines working full pelt in the dark, because machines do not need light, they do not go on strike nor take lunch breaks. This is what these "new" economies are up against.

The product output and quality improved. The old machines were sent to Turkey for a limited run of lower ranking product, marketed under a different brand. How long that will last is debatable. It is that kind of "investment" that is feeding Erdo's ego.

Ironic that his "serayi" is now reputed to suffer from the "sick building syndrome" with many employees complaining of headaches, dizziness, shortness of breath etc. It was also announced that plans to build the horse breeding farm (!!!) in the palace have been postponed, while a concert hall was demolished. The palace is rapidly becoming symbolic of the regime, and echoes that prophetic statement by a US diplomat: "Rolls Royce ambitions, Rover capabilities".

[Lordo]

who needs a rolls royce when a rover will do the job in more cost effective way.

[repulsewarrior]

...(speaking of oil, and "Naval Supremacy", Turkey doing what she wants on the sea) don't agree. things have a way of coming round. Turkey is boxed in, that is to say she has isolated herself, in the middle with her own dependencies, a pawn, toward getting at an adversary either way. I think Erdogan has visions of becoming the Honest Broker, without having to be "honest", what with the deals for oil and gaz he makes. Big finance here and there, too many pots on the fire, i think, his undoing will be spectacular. For now it is a waiting game, a dance, and the music which doesn't seem to stop; fat ladies sing though.

...it has never been better for Cyprus either. She is recovering from her 'financial meltdown' very well, it proves once again how resilient the Republic is in representing its People, and with its potential as a hub, an Honest Broker. It plays this role with its regional partners because, despite additional costs and technological frontiers, the choice is attractive, in comparison to the alternative, with (Erdogan's) Turkey.

In any case, it is Cyprus that continues to be a countervailing power, to the potential of this economic resource of three Continents, where it may be that Cyprus gets what it wants, Turkey getting what it wants by recognising the existence of the island as a Sovereign entity itself. It is Turkey that is the late-comer, and it is Erdogan who is taking the game of confidence too far, where Cyprus is a step ahead in its recovery.

[Lordo]

...(speaking of oil, and "Naval Supremacy", Turkey doing what she wants on the sea) don't agree. things have a way of coming round. Turkey is boxed in, that is to say she has isolated herself, in the middle with her own dependencies, a pawn, toward getting at an adversary either way. I think Erdogan has visions of becoming the Honest Broker, without having to be "honest", what with the deals for oil and gaz he makes. Big finance here and there, too many pots on the fire, i think, his undoing will be spectacular. For now it is a waiting game, a dance, and the music which doesn't seem to stop; fat ladies sing though.

...it has never been better for Cyprus either. She is recovering from her 'financial meltdown' very well, it proves once again how resilient the Republic is in representing its People, and with its potential as a hub, an Honest Broker. It plays this role with its regional partners because, despite additional costs and technological frontiers, the choice is attractive, in comparison to the alternative, with (Erdogan's) Turkey.

In any case, it is Cyprus that continues to be a countervailing power, to the potential of this economic resource of three Continents, where it may be that Cyprus gets what it wants, Turkey getting what it wants by recognising the existence of the island as a Sovereign entity itself. It is Turkey that is the late-comer, and it is Erdogan who is taking the game of confidence too far, where Cyprus is a step ahead in its recovery.

when you say cyprus you mean greek cypriots right.

[Maximus]

with all the shnizzle going on in the weak euro zone.

- The ECB announces Quantitative Easing and a bond purchasing program worth 600 billion euros for 2015
- The potential for a Greek exit
- A euro that has lost nearly 30% of its value relative to the dollar in the last 9 months
- Analysts calling parity between the euro and the dollar by the end of 2016

You would think that the Turkish lira would gain some ground

Nope. Its recovered about 5% on the euro since January last year. Its still losing value against the dollar, finding new lows and unemployment has just hit a new high (10.7%). And, the central bank of Turkey is talking about lowering interest rates.

The next wave up verses the euro will be devastating to the Turkish economy.

True story, coming soon from the media near you.

[repulsewarrior]

@Lordo

...are you telling me or asking me?

[Kikapu]

Who can forget the proud moments 3 years ago when the Turkish government told us the prestige the new symbol will give to the Turkish Lira.

That was of course when the TL was worth much more than it does today against the USD. It was 1.75TL = 1USD. Today 2.50TL = 1USD.

Flash back to some of their comments and mine.

Lira’s symbol reflects power of economy, Erdoğan says

The government has revealed the new currency symbol of the Turkish Lira. This is a signal of ‘power, prestige and independence,’ says Prime Minister Erdoğan. A new symbol was needed to solidify the lira’s prestige, the Central Bank governor adds

“The new icon resembles an anchor, which emphasizes that the lira has become a safe investment haven,” said Başçı, adding that the parallel lines of the new design faced upward, which symbolized the steadily increasing value of the lira and the Turkish economy.

http://www.hurriyetdailynews.com/liras- ... sCatID=346

Let me first say that, I think the new TL symbol was most probably designed by a man, because what stands out on this symbol the most, is nothing but a Phallic symbol, where the letter "L" has a "hard on". In the grand scheme of things as to what is wrong with this new TL symbol, that is probably the most complimentary thing one can say about it.

Erdogan says that the new TL symbol has "power, prestige and independence".

Really?

This is the currency which has lost about 50% of it's value in the last 3 years. That's some "power, prestige and independence"!

Başçı says, the the new TL symbol resembles "an anchor, which emphasizes that the lira has become a safe investment haven".

Really?

First of all, it looks nothing like an anchor. More like a fish hook or a double crossing Pirates' hook for a hand. A fish hook hardly represents any prestige or a double crossing Pirates' hook give any trust and security. The only time it may look anything like an anchor, if one were to stretch their imagination, is when it is dragging in deep water, where it does not have a chance to secure itself to the bottom, in which case, it becomes very insecure and unsafe haven for investments or anything else that may be attached to it.

posting.php?mode=quote&f=8&p=712768

TL.jpg

[Lordo]

what is really interesting is that fact that since you started this thread, griis and groc have gone to the dogs and terggy is still standing.

what a plonker you turned out to be hey.