Cyprus-Forum.com

[Demonax]

The possibility of Cyprus leaving the eurozone would greatly damage the tourism-dependent economy of the 'trnc' as it will prevent the transit of visitors from the southern part to the north, which numbers a million per year, said Fiona Mullen, who is the Cyprus Analyst for the Economist Intelligence Unit (EIU)...

Mullen, who is also the director of Sapienta Economics based in Nicosia, said it is a very real possibility for Cyprus to leave the eurozone because Europe basically is punishing the state by making it solve the problem on its own since they have said no to the bailout plan that Europe initially brought to the table.

“The new government is trying to put together a very complicated financial package, and from what we see they are not getting the proper technical assistance from the European Union and the International Monetary Fund [IMF],” which she calls dangerous because if Cyprus leaves the euro and starts using a new currency, that new currency will immediately drop in value like what happened in Argentina, and it will result in the Cypriot government imposing capital controls to prevent money leaving the country in order to survive. “This means the green line will be shut down, and occupied northern Cyprus will lose one million tourists passing through the green line each year, which will a big hit on the economy of Turkish Cypriots.”

http://www.todayszaman.com/news-310495- ... north.html

[Lordo]

I have couple of english pounds in the bank. how can i buy me some cyprus government bonds.

[Viewpoint]

The possibility of Cyprus leaving the eurozone would greatly damage the tourism-dependent economy of the 'trnc' as it will prevent the transit of visitors from the southern part to the north, which numbers a million per year, said Fiona Mullen, who is the Cyprus Analyst for the Economist Intelligence Unit (EIU)...

Mullen, who is also the director of Sapienta Economics based in Nicosia, said it is a very real possibility for Cyprus to leave the eurozone because Europe basically is punishing the state by making it solve the problem on its own since they have said no to the bailout plan that Europe initially brought to the table.

“The new government is trying to put together a very complicated financial package, and from what we see they are not getting the proper technical assistance from the European Union and the International Monetary Fund [IMF],” which she calls dangerous because if Cyprus leaves the euro and starts using a new currency, that new currency will immediately drop in value like what happened in Argentina, and it will result in the Cypriot government imposing capital controls to prevent money leaving the country in order to survive. “This means the green line will be shut down, and occupied northern Cyprus will lose one million tourists passing through the green line each year, which will a big hit on the economy of Turkish Cypriots.”

http://www.todayszaman.com/news-310495- ... north.html

How about them using the Turkish Lira its pretty stable

[DrCyprus]

The possibility of Cyprus leaving the eurozone would greatly damage the tourism-dependent economy of the 'trnc' as it will prevent the transit of visitors from the southern part to the north, which numbers a million per year, said Fiona Mullen, who is the Cyprus Analyst for the Economist Intelligence Unit (EIU)...

Mullen, who is also the director of Sapienta Economics based in Nicosia, said it is a very real possibility for Cyprus to leave the eurozone because Europe basically is punishing the state by making it solve the problem on its own since they have said no to the bailout plan that Europe initially brought to the table.

“The new government is trying to put together a very complicated financial package, and from what we see they are not getting the proper technical assistance from the European Union and the International Monetary Fund [IMF],” which she calls dangerous because if Cyprus leaves the euro and starts using a new currency, that new currency will immediately drop in value like what happened in Argentina, and it will result in the Cypriot government imposing capital controls to prevent money leaving the country in order to survive. “This means the green line will be shut down, and occupied northern Cyprus will lose one million tourists passing through the green line each year, which will a big hit on the economy of Turkish Cypriots.”

http://www.todayszaman.com/news-310495- ... north.html

How about them using the Turkish Lira its pretty stable

I use it every day. It's called toilet paper.

[Lordo]

but what about these bonds, how many hundred can i buy with 2 pounds.

[DrCyprus]

but what about these bonds, how many hundred can i buy with 2 pounds.

You can buy 2000 with 60c

[gardash]

The possibility of Cyprus leaving the eurozone would greatly damage the tourism-dependent economy of the 'trnc' as it will prevent the transit of visitors from the southern part to the north, which numbers a million per year, said Fiona Mullen, who is the Cyprus Analyst for the Economist Intelligence Unit (EIU)...

Mullen, who is also the director of Sapienta Economics based in Nicosia, said it is a very real possibility for Cyprus to leave the eurozone because Europe basically is punishing the state by making it solve the problem on its own since they have said no to the bailout plan that Europe initially brought to the table.

“The new government is trying to put together a very complicated financial package, and from what we see they are not getting the proper technical assistance from the European Union and the International Monetary Fund [IMF],” which she calls dangerous because if Cyprus leaves the euro and starts using a new currency, that new currency will immediately drop in value like what happened in Argentina, and it will result in the Cypriot government imposing capital controls to prevent money leaving the country in order to survive. “This means the green line will be shut down, and occupied northern Cyprus will lose one million tourists passing through the green line each year, which will a big hit on the economy of Turkish Cypriots.”

http://www.todayszaman.com/news-310495- ... north.html

There seems to be some confusion here about the difference between the Eurozone and the EU.
The Eurozone means, among other things, that the countries within it use the Euro. The EU is the collection of countries in the European Union, some of which are within the Eurozone.
The reason the Green line is open and would stay open even if RoC left the Eurozone, is that EU citizens cannot be restricted in their movement into/out of and/or within EU countries, Schengen notwithstanding.

[Kikapu]

The possibility of Cyprus leaving the eurozone would greatly damage the tourism-dependent economy of the 'trnc' as it will prevent the transit of visitors from the southern part to the north, which numbers a million per year, said Fiona Mullen, who is the Cyprus Analyst for the Economist Intelligence Unit (EIU)...

Mullen, who is also the director of Sapienta Economics based in Nicosia, said it is a very real possibility for Cyprus to leave the eurozone because Europe basically is punishing the state by making it solve the problem on its own since they have said no to the bailout plan that Europe initially brought to the table.

“The new government is trying to put together a very complicated financial package, and from what we see they are not getting the proper technical assistance from the European Union and the International Monetary Fund [IMF],” which she calls dangerous because if Cyprus leaves the euro and starts using a new currency, that new currency will immediately drop in value like what happened in Argentina, and it will result in the Cypriot government imposing capital controls to prevent money leaving the country in order to survive. “This means the green line will be shut down, and occupied northern Cyprus will lose one million tourists passing through the green line each year, which will a big hit on the economy of Turkish Cypriots.”

http://www.todayszaman.com/news-310495- ... north.html

How about them using the Turkish Lira its pretty stable

Sure, why not. TL only lost 40% of it's value against the USD from it's heights in the last 5 years.

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