Cyprus-Forum.com

[ZoC]

it's exactly this:
• pathological insistence on blaming their woes on big, bad foreigners
• naive reliance on conspiracy theories to explain away their predicament
• obstinate denial of their own shortcomings and stupidity
• deluded refusal to take any responsibility for their own mistakes
that needs to be addressed before cypriots will ever see better days.

[ZoC]

http://famagusta-gazette.com/cyprus-to- ... 617-69.htm

Cyprus to blame for bailout delay - Eurogroup official says

CYPRUS is to blame for the long delay in receiving much needed bailout cash from the troika – the IMF, European Central Bank and EU, according to a senior Eurogroup official.

Τhe European official (Thomas Weiser) was quoted saying there was no real political will on behalf of Cyprus and that it has actually missed the train.

News media has reported extensivly that the EU-IMF-ECB troika had become increasingly frustrated with Nicosia over their perceived sluggish approach to the bailout talks over the past three months.

[georgios100]

Why not go back to the Cypriot pound but still remain in the EU, just like UK.
If we accept the bailout money then we are stuck with the Eurozone for the next 10+ years.
Going back to the Cypriot pound without defaulting can provide better monetary control for Cyprus.
By 2020, the natural gas revenue should pay-out the debt, leaving the Cypriot pound a very strong currency in the market.

Is it possible to switch to the Cypriot pound without defaulting?

[ZoC]

Why not go back to the Cypriot pound but still remain in the EU, just like UK.
If we accept the bailout money then we are stuck with the Eurozone for the next 10+ years.
Going back to the Cypriot pound without defaulting can provide better monetary control for Cyprus.
By 2020, the natural gas revenue should pay-out the debt, leaving the Cypriot pound a very strong currency in the market.

Is it possible to switch to the Cypriot pound without defaulting?

even if they went back to the cypriot pound, the common currency would remain the euro. witness tourist destinations like barbados or antigua or bali or cayman islands.

all of them - ostensibly - have their own local currency but all establishments price their goods in, accept - indeed prefer - the dollar. indeed their currencies are fixed to the dollar. so it will be with cyprus (but fixed to the euro).

[GreekIslandGirl]

Give it a rest! No one is going to default!

[GreekIslandGirl]

Here we go, ZoC. The repetition of what they have done to Greece over the last few years. These are the people who are enabled in their gambling set-ups by spreading fears of "defaults":

http://www.telegraph.co.uk/finance/news ... bonds.html
http://www.ft.com/cms/s/0/a11f5be4-4940 ... z2GCBsqv00

[georgios100]

Why not go back to the Cypriot pound but still remain in the EU, just like UK.
If we accept the bailout money then we are stuck with the Eurozone for the next 10+ years.
Going back to the Cypriot pound without defaulting can provide better monetary control for Cyprus.
By 2020, the natural gas revenue should pay-out the debt, leaving the Cypriot pound a very strong currency in the market.

Is it possible to switch to the Cypriot pound without defaulting?

even if they went back to the cypriot pound, the common currency would remain the euro. witness tourist destinations like barbados or antigua or bali or cayman islands.

all of them - ostensibly - have their own local currency but all establishments price their goods in, accept - indeed prefer - the dollar. indeed their currencies are fixed to the dollar. so it will be with cyprus (but fixed to the euro).

Right but UK stayed away from the euro for monetary reasons (too much money piled-up in Brit banks to begin with)
I'm afraid the eurozone is still fragile due to Spain/Italy liabilities, destined to be tested again.
Which one might come first? A eurozone bust or the Cypriot pound re-introduced?

[georgios100]

Give it a rest! No one is going to default!

Well, it's called sovereign default - source Wiki, here is the list of European countries gone belly-up

Albania (1990)
Austria-Hungary (1796, 1802, 1805, 1811, 1816, 1868)
Austria (1938, 1940, 1945[16])
Bulgaria (1932[citation needed], 1990)
Croatia (1993–1996)[16]
Denmark (1813)[16] (see Danish state bankruptcy of 1813)
France (1812)
Germany (1932, 1939, 1948[16])
Hesse (1814)
Prussia (1807, 1813)
Schleswig-Holstein (1850)
Westphalia (1812)
Greece (1826, 1843, 1860, 1893, 1932, 2012 [18])
Hungary (1932, 1941)
The Netherlands (1814)
Poland (1936, 1940, 1981)
Portugal (1828, 1837, 1841, 1845, 1852, 1890)
Romania (1933)
Russia (1839, 1885, 1918, 1947,[16] 1957,[16] 1991, 1998)
Spain (1809, 1820, 1831, 1834, 1851, 1867, 1872, 1882, 1936-1939[16])
Sweden (1812)
Turkey (1876, 1915, 1931, 1940, 1978, 1982)
Ukraine (1998–2000)[16]
United Kingdom (1822, 1834, 1888–89, 1932)[16]
Yugoslavia (1983)

[kurupetos]

Here we go, ZoC. The repetition of what they have done to Greece over the last few years. These are the people who are enabled in their gambling set-ups by spreading fears of "defaults":

http://www.telegraph.co.uk/finance/news ... bonds.html
http://www.ft.com/cms/s/0/a11f5be4-4940 ... z2GCBsqv00

Jews...

[ZoC]

Here we go, ZoC. The repetition of what they have done to Greece over the last few years. These are the people who are enabled in their gambling set-ups by spreading fears of "defaults":

http://www.telegraph.co.uk/finance/news ... bonds.html
http://www.ft.com/cms/s/0/a11f5be4-4940 ... z2GCBsqv00

Jews...

ah yes, the jews... the wily jews ripped off the innocent greeks... according to the 'anti-greek, anti-euro' british press (which we shouldn't ever quote from).

thanks for clearing that up as i was having difficulty figuring out which particular international conspiracy theory gig was alluding to.

here's another interesting link shedding more light on what they have done to greece over the last few years...

http://www.knowyourphrase.com/phrase-me ... arted.html