Cyprus-Forum.com

by **cyprusgrump** » Sat Mar 16, 2013 12:03 pm

GreekIslandGirl wrote:They will tax all depositors. In the main they are Russians and tax-avoiding Brits.

It will apply to both residents and non-residents. About one third of deposits are by foreigners, especially Russians and British.
sky

So when you say "In the main they are Russians and tax-avoiding Brits" you are completely wrong as usual? :roll:

by **cyprusgrump** » Sat Mar 16, 2013 12:04 pm

GreekIslandGirl wrote:Cypriots are peasants. We don't need any money.

About one third of deposits are by foreigners, especially Russians and British.

They can take it all. Then we can have our freedom. Oh and a donkey and a goat and an olive tree. Bliss.

So when your son requires medical attention which cannot be afforded you will be happy will you?

by **GreekIslandGirl** » Sat Mar 16, 2013 12:37 pm

Perhaps you should consider giving up those cigarettes, alcohol, fast cars, grumpy-manner, energy-consuming life-style and turn to the simpler, cleaner, healthier options of the real Cypriot way of life.

When the battle's lost and won ...

by **cyprusgrump** » Sat Mar 16, 2013 12:47 pm

GreekIslandGirl wrote:Perhaps you should consider giving up those cigarettes, alcohol, fast cars, grumpy-manner, energy-consuming life-style and turn to the simpler, cleaner, healthier options of the real Cypriot way of life.

When the battle's lost and won ...

So, when you have returned to the peasant lifestyle and your son (or another member of the family) requires medical treatment you will be quite happy to forgo it will you...?

You obviously missed (or chose to ignore) the question so I have repeated it for you...

You want to give all the money away so you can return to this fantasy lifestyle - do you accept all the consequences?

by **GreekIslandGirl** » Sat Mar 16, 2013 12:52 pm

Yes. Some things are not up for general discussion. Please avoid being personal. Being a Cypriot peasant does not mean you have nothing.

You can glean my preferences from what I have stated. The long term good for Cyprus is to gain its freedom. The long-term good for mankind is to gain self-reliance.

Until then, we pay the price.

by **cyprusgrump** » Sat Mar 16, 2013 1:09 pm

GreekIslandGirl wrote:Yes. Some things are not up for general discussion. Please avoid being personal. Being a Cypriot peasant does not mean you have nothing.

You can glean my preferences from what I have stated. The long term good for Cyprus is to gain its freedom. The long-term good for mankind is to gain self-reliance.

Until then, we pay the price.

That reply doesn't make any sense whatsoever... :roll:

Just answer the general question - does your desire for a peasant lifestyle exclude the use of modern medicine and medical techniques?

It is quite simple...

by **GreekIslandGirl** » Sat Mar 16, 2013 1:16 pm

Are you really so sold out to Banks, tied to unregulated capitalism, that you have completely lost sight of other forms of civilised co-operative living? :roll:

by **cyprusgrump** » Sat Mar 16, 2013 1:18 pm

GreekIslandGirl wrote:Are you really so sold out to Banks, tied to unregulated capitalism, that you have completely lost sight of other forms of civilised co-operative living?

Are you really completely unable to answer a very simple and relevant question? :roll:

by **Maximus** » Sat Mar 16, 2013 2:10 pm

They haven't signed yet but those depositors who will be hit on Tuesday (I am one of them) will take a haircut on their savings but receive equity in the banks in exchange. The shares will probably be worth less than their face value now but possibly in 10+ years, depositors may see a return.

-The corporate tax rate will likely go up by 2.5% to boost government revenues
-the banking sector will be downsized bringing it inline with EU averages.
-other SGO's will likely be privatised to boost government revenues and hopefully, benefiting the consumer.
-other players like the IMF and Russia are more likely to contribute to the bailout package.
-In 5 years, gas is likely to come to market.
-the debt sustainability will be manageable with a target to pay it off in 8 years.

Someone has to pay for this gross mismanagement of the economy over the years but the remedy could be a lot worse, a default would be a disaster and potentially a total loss of the banking sector.