Cyprus-Forum.com

[Viewpoint]

You people are pathetic, get your own house in order before slating others, far worse riots are happening in Brazil why arent you comment on those? I know it because you are bised and cannot evaluate Turkey like other normal people. Do they put some sort of hate Turkey drug in your milk at birth? man most of you come from Ottoman sperm anyway.

[Lordo]

so much hatred is not easy to overcome without medication.
never mind brazil, food is being collected in london for cyprus but do they get a mention, nope.

[Demonax]

10 years to build it up but 10 months to knock it back down to "zero".

More like ten days.

[Lordo]

very funny, in the meantime people are collection food for cyprus. stupid dipsticks.

[kurupetos]

very funny, in the meantime people are collection food for cyprus. stupid dipsticks.

Are you hungry, old boy?

[kurupetos]

so much hatred is not easy to overcome without medication.
never mind brazil, food is being collected in london for cyprus but do they get a mention, nope.

Food from London probably contains horse meat.

[Demonax]

Things looking very ropey...

Turkey rushes to defend lira

The Turkish central bank has taken urgent action to defend the lira and crimp lax credit, but the announcement of unconventional measures ran into market scepticism.

Market sources on Monday said that the bank had already begun selling US dollars. The bank sprang its announcement, including a signal that it will sell foreign currency, after the local lira fell to a record low value against the greenback.

There was scepticism on Turkish markets that spending reserves would prevent the lira from falling further.

http://www.theage.com.au/business/marke ... z2YVDuMnKR

[bill cobbett]

Things looking very ropey...

Turkey rushes to defend lira

The Turkish central bank has taken urgent action to defend the lira and crimp lax credit, but the announcement of unconventional measures ran into market scepticism.

Market sources on Monday said that the bank had already begun selling US dollars. The bank sprang its announcement, including a signal that it will sell foreign currency, after the local lira fell to a record low value against the greenback.

There was scepticism on Turkish markets that spending reserves would prevent the lira from falling further.

http://www.theage.com.au/business/marke ... z2YVDuMnKR

Yes, just over 2 Billion USD, out of a foreign currency reserve of 40 Billion USD, spent propping up the TL on Monday alone. Money down the pan.

Erdogan is in for a surprise if he thinks he can outspend the markets.

[repulsewarrior]

...he will blame the markets for the problems he has; he will go to war, with the Brotherhood (he hopes).

just saying...

[Kikapu]

Things looking very ropey...

Turkey rushes to defend lira

The Turkish central bank has taken urgent action to defend the lira and crimp lax credit, but the announcement of unconventional measures ran into market scepticism.

Market sources on Monday said that the bank had already begun selling US dollars. The bank sprang its announcement, including a signal that it will sell foreign currency, after the local lira fell to a record low value against the greenback.

There was scepticism on Turkish markets that spending reserves would prevent the lira from falling further.

http://www.theage.com.au/business/marke ... z2YVDuMnKR

Yes, just over 2 Billion USD, out of a foreign currency reserve of 40 Billion USD, spent propping up the TL on Monday alone. Money down the pan.

Erdogan is in for a surprise if he thinks he can outspend the markets.

The funny thing is, these same actors were saying as recently as few weeks ago that the banks needed to intervene to prevent the Lira from being overvalued so not to hurt exports. Lira OVERVALUED......Really? The lira has always been losing value against world currencies as long as I can remember going back to 1966 except for few "dead cat bounces" along the way. It's nice by them to try and fool the gullible, but they can't fool the world's markets. Sure, it will help the Lira on the short term to sell off some dollars, but that won't last too long.