Cyprus-Forum.com

[Get Real!]

It's more effective to interact with banks as little as possible.

Never buy stocks, never loan, and only have a small amount of money in bank accounts.

Welcome fellow peasant!

Donkeys, goats and olives. The Holy Trinity.

So where do you keep your money then?

In his bossom!

[kurupetos]

It's more effective to interact with banks as little as possible.

Never buy stocks, never loan, and only have a small amount of money in bank accounts.

Welcome fellow peasant!

Donkeys, goats and olives. The Holy Trinity.

So where do you keep your money then?

In Area 52.

[bsharpish]

Will all those happy to sit under an olive tree, sweltering in the summer heat, eating rustic bread and tomatoes all day before they trot off home to a stone built hut with no utilities please raise there hands ..... Modern Cypriots want to laugh at you, post about you on twitter, jump into there air conditioned German ( or Japanese) car and head back to there modern cosmopolitan home ..... Rose tinted spectacles aside - the colossal internal fuck ups, enormous political incompetence , foolish acceptance of huge Greek haircuts ( Cyprus seemed to be first in the queue to gift money to its even more incompetent and, importantly, morally bankrupt cousin) have all come home to roost ........ And guess what ? It's the people who live and work in Cyprus every day of the week who have to knuckle down and pay the piper ...... Now if the country, or come to think of it ANY country, had 1000 good men/women with intelligence,integrity,national pride,honesty,fairness,impartiality,genuine altruism and a work ethic ...... Then Cyprus could overcome this multi angled (or Angela'd) crisis swiftly, unfortunately,it has like the rest of the world incompetent, vain, election aware, negligent, self serving, snout in the trough politicians, business leaders and financiers .......

[GreekIslandGirl]

... Cyprus seemed to be first in the queue to gift money to its even more incompetent and, importantly, morally bankrupt cousin) have all come home to roost ......

Now you're showing how brainwashed you are.

It was banks lending/borrowing money from each other and (if it was not so long ago in history for you to remember), it was the Germans who decided which banks suffered losses and when!

That we were screaming 'stop supporting the anti-Greek bandwagon because they are going for Cyprus next', seems to have eluded you.

[bsharpish]

At what point did the "beastly Hun" make ANY Cypriot owned and run bank lend ANY money to insolvent , book cooking, Greece ??? ..... And it wasn't Greek banks it was Greek sovereign debt

[GreekIslandGirl]

At what point did the "beastly Hun" make ANY Cypriot owned and run bank lend ANY money to insolvent , book cooking, Greece ??? ..... And it wasn't Greek banks it was Greek sovereign debt

It was Germany who decided Greek Banks (and the whole country) were to be targeted. Greek and Cypriot banks were connected - did more deals with each other as they were small fry compared to the other big global banks and they didn't get as much of a look-in elsewhere.

Why can't you see this is just a continuation of the evil which began in the USA?

[cyprusgrump]

Will all those happy to sit under an olive tree, sweltering in the summer heat, eating rustic bread and tomatoes all day before they trot off home to a stone built hut with no utilities please raise there hands ..... Modern Cypriots want to laugh at you, post about you on twitter, jump into there air conditioned German ( or Japanese) car and head back to there modern cosmopolitan home ..... Rose tinted spectacles aside - the colossal internal fuck ups, enormous political incompetence , foolish acceptance of huge Greek haircuts ( Cyprus seemed to be first in the queue to gift money to its even more incompetent and, importantly, morally bankrupt cousin) have all come home to roost ........ And guess what ? It's the people who live and work in Cyprus every day of the week who have to knuckle down and pay the piper ...... Now if the country, or come to think of it ANY country, had 1000 good men/women with intelligence,integrity,national pride,honesty,fairness,impartiality,genuine altruism and a work ethic ...... Then Cyprus could overcome this multi angled (or Angela'd) crisis swiftly, unfortunately,it has like the rest of the world incompetent, vain, election aware, negligent, self serving, snout in the trough politicians, business leaders and financiers .......

Good post!

[bsharpish]

Put your tin foil hat back on and dream of William Wallace

This is primarily a problem of very human proportions.... Its called greed and crosses all nationalities

To allude to the innocence of the Cypriot political and financial class while , as usual, pointing the finger elsewhere is just sheer lunacy .

This situation has , no doubt, been exacerbated by ECB/IMF incompetence..... However...... Lets not forget NO one was holding a gun to anyone's head when it came to building a banking sector 8 x GDP, offering lunatic interest rates, stashing (perhaps) 40Bn of "outside money" , buying bad/risky geek debt to fund lunatic interest rates, building a bloated public sector, exorbitant state pensions etc etc etc ---- these were all Cypriot driven issues..... Not the man in the street,nevertheless, Cypriot in origin.

[Nikitas]

The last couple of days there has been a lot of comparing of Cyprus to other "tax havens" within the EU, like Luxembourg and Malta. The point is that these are either investment bases or money parking areas. Cyprus decided to offer inducements like high interest rates to depositors, not content to charge them just to park their money in Cypriot banks. This was hapening at a time when ECB prime lending rates were at record lows. To make any money on such high deposit interest the money had to be loaned in turn to high interest high risk borrowers, ie credit cards, and the ever present "developers" who built units beyond any reasonable capacity. They should have thought to ask why Switzerland, who is in the same business, charges people to park their money in their banks, and refuses small deposits inorder to minimise admin costs.

Bsharpish, my job involves a lot of contact (imposed, not voluntary) with politicians. It is a constant puzzle why the profession attracts such low caliber people. I have yet to meet a politician I would trust to look after my dog.

The way out is clear but I doubt that there are radical and original thinkers who dare do the obvious. In the property sector for example, the target is clear: tear down excess housing, rehablititate the landscape so as to maintain high value, low density desirable properties. But who will go against the "ndivelopperrss" who drive "MbiEmNdambolyou" ?

[Lordo]

you are a bunch amateurs. all you have to do is use a muslim bank and walla you will have credit with no interest.

but of course there is a small matter of the jewish cap that has to be removed for you to be kosher enough for such credit and dont worry it will not hurt one bit. they have local anesthetic these days.