Cyprus-Forum.com

[GreekIslandGirl]

Gosh - so the UK has printed about £300 Billion just for itself and the whole of Europe printed about the same - for 17 countries?

[newgeneration]

I wuldn't agree that Cyprus' economy is far healthier that Britain's. You have to remember that they had to be bailed out by the EU to the tune of 12 billion last year.

Technically Cyprus is in recession as is Britain. However Britian has a triple A credit rating and Cyprus has a single A or triple B from memory.

Britain has a manufacturing industry, IT, financial services, tourism also. It has a diversified stream of industries to rely on.

Cyprus really only has tourism and hospitality to fall back on ... If Cyprus's has only 1 million tourists a year to rely on (which has dropped because of the recession)', you can see it's far more difficult for Cyprus to take themselves out of recession.

Re Gorden Brown and gold reserves, he sold a significant amount but certainly not all.

[Sotos]

You have to remember that they had to be bailed out by the EU to the tune of 12 billion last year.

What are you talking about?

[newgeneration]

Apologies Sotos that post was incorrect. Cyprus bailout is imminent but hasn't happened yet.

[newgeneration]

Yes 300bn and 500bn are the same amount GIG ... if you are unable to do basic mathematics!

Not sure I understand what point you're trying to make anyway. The UK wisely chose not to become part of the single currency so that they could continue to exercise some control over their own economy.

Do you think Cyprus was wrong to adopt the Euro?

[Sotos]

Apologies Sotos that post was incorrect. Cyprus bailout is imminent but hasn't happened yet.

You are incorrect as always.

[GreekIslandGirl]

This poster keeps making anti-Cypriot claims as though they are facts. I'm not gonna bother to challenge 'it' on this new lie that a "bailout is imminent" because it is looking for any opportunity to peddle and spread more anti-Cypriot stuff on the Internet.

[B25]

GIG, she does it deliberately posting negatives / lies and if she doesn't get picked up on it, it remains on record.

I sussed her game already, as I said one step ahead.

[newgeneration]

GIG you could start by widening your reading material from 'The Cyprus News' to the international financial press. Or you could wait until July 1st and ask the ECB to print you some Euros, as this is what you seem to think rotating E presidency allows you to do. Hysterical!

Cyprus accepted a loan from Russia in Jan which postponed the bailout, but the EU bailout is imminent. To say it is not, is to show your ignorance on the financial affairs of your country.

[newgeneration]

Good morning B25! Hurry old man, there is work to do! You have to jump on all of today's posts and discredit them so they don't 'remain on record'.