Cyprus-Forum.com

[ZoC]

http://www.reuters.com/article/2012/11/ ... GJ20121102

"We are waiting ... to hear when they will come to Cyprus to conclude the final round of negotiations... Now the ball is in their court," Shiarly told reporters in Nicosia.


err... hello? ur not negotiating 'confidence building measures' or 'bi-bi-federations' with latriners ur begging for money before u go bankrupt! and the ball's in their court?

wtf is going on over there? has everyone in government taken leave of their senses?

[B25]

What senses, they never had any to lose in the first place, thats why we are in the mess we are in.
This F AKEL government and epecially toffee arse are the root cause of our current plight. It'll be OUR kids and g.kids who will be paying for those MFs mstakes.

[ZoC]

jesus h christ! why ain't people out on the streets?! this is a f*cking train crash.

[tsukoui]

As the only communist party in the EU with any power, AKEL has the unenviable role of guiding the troika towards communism.

[MGCN]

I fear it will get worse.

"As everyone and his brother knows, Cyprus will run out of money long before then. That suggests that Schaueble, meaning Merkel, meaning Germany, meaning Europe has decided to throw Cyprus overboard. Can this be true? We’ll undoubtedly know more tomorrow, but I doubt that Schaueble was misquoted. I think we should assume that he meant precisely what he said."

Read more at http://www.project-syndicate.org/blog/d ... fqYFUxb.99

To extend his metaphor Greece and Spain are tired of bailing the water from the Euro boat so Captain Merkel throws an unimportant crew member over board to remind the others what drown really looks like.

[cyprusgrump]

As the only communist party in the EU with any power, AKEL has the unenviable role of guiding the troika towards communism.

You say that like it would be a good thing...

[CBBB]

Moe like our balls are in the Troika's hands!

[Get Real!]

jesus h christ! why ain't people out on the streets?

They are but here we call them homeless!

[Banania]

the ball is in the troika's court!

My feeling is that the government were totally unpepared for negotiations with the troika over austerity measures. All hopes and effort was for the Russians to bail us out like a white night in shining armour and with no auterity requirements.

Now that it is clear that the Russians will not part with their money we are scrambling to negotiate with the troika and as if we are in a position of strength laying down red lines!

We must understand reality. If we want the Troika's money we must play by their rules no matter how difficult.

I will however not blame the troika for the economic troubles we will have for the next 5 years. It is the corroption, incompetence of the government establishment (present and past) as well as its unwillingness to implement fair competition to bring down costs which have caused Cyprus to be one of the most expensive countries in Eurrope.

[ZoC]

http://www.project-syndicate.org/blog/b ... t--mahoney

Cyprus is publicly begging the Troika to come back to Nicosia for more "negotiations"; the Troika's failure to return suggests that there is nothing to talk about until Cyprus gives in and agrees to what the Troika has “proposed”. As Schaueble intended, the Cypriots have become extremely nervous, but have yet to agree...

Schaueble said that nothing substantive had been accomplished, which is true. For Cyprus to meet the deadline for the Nov. 12th eurozone finance minister meeting, she will have to capitulate to the Troika on all issues this week. I think that Schaueble’s statement was calculated as a stark warning to both Cyprus and Greece that these are not as much negotiations as they are ultimata, and that Europe isn’t going to blink. The marxist parties in both countries must choose between capitulation or default.

next week's going to be interesting.