Cyprus-Forum.com

[DT.]

I’d call it the Southern Euro and encourage Greece, Italy, Spain, and Portugal to adopt it.

Quit stealing my ideas

ASIHTIR!

Dostou xwrkati shini....

[Get Real!]

I’d call it the Southern Euro and encourage Greece, Italy, Spain, and Portugal to adopt it.

Quit stealing my ideas

ASIHTIR!

Dostou xwrkati shini....

I was going to suggest we call it the “Meduro” but that sounds like a packet of condoms!

[DrCyprus]

It's already happening in Spain.

The picture says ''Hey little Spaniard, take your money to Cyprus... at least there they'll only take 15% from it, not 61%''

[sven]

Cyprus Bailout Needs Rise By €2 Billion As Conditions Deteriorate Rapidly
Submitted by Tyler Durden on 03/24/2013 12:21 -0400

European Central Bank European Union Google International Monetary Fund


A week of closed banks, depositor angst, and economic malaise is creating an increasingly vicious circle for Cyprus (and implicitly the European Union). As Die Welt notes, because the economic data of the tiny 'irrelevant' island could be considerably worse than previously thought (or forecast by Troika) thanks to the distortions created this week by bank closings, several people around the Troika said the exact amount of the bailout remains uncertain and could amount to EUR2bn more than expected. With the Troika capping their handout at EUR10bn of the current EUR17bn needed (and the deposit levy reportedly filling EUR6bn of that EUR7bn hole), the need for a bigger bailout - which seems increasingly likely - will fall on Cyprus banks' depositors (or taxpayers) leading to a hard-to-beat downward spiral. Simply put, the more deposits are pulled, the more deposits need to be confiscated; and with retailer stocks running low ("will last another 2-3 days") and cash-on-delivery demanded, the real economy will "have a problem if this is not resolved by next week."

Via The Guardian,

Retailers, facing cash-on-delivery demands from suppliers, warned stocks were running low. "At the moment, supplies will last another two or three days," said Adamos Hadijadamou, head of Cyprus's Association of Supermarkets. "We'll have a problem if this is not resolved by next week."

http://www.zerohedge.com/news/2013-03-24/cyprus-bailout-needs-rise-%E2%82%AC2-billion-conditions-deteriorate-rapidly

This is an excellent site to get up to the minute news on this topic, this guy has some seriously good insider information

You mean the Troika have only just worked out it is going to cost another 2bn, bwollocks, I worked out it was going to fail 7 days ago. The Criminals in charge (troika) have eventually sussed out they have farked up in such a way that they don't want the bailout to go ahead. Pull out Cyprus, no point throwing money into a bottomless pit. My first car was a bit old even when i bought it, but after 5 years it was costing so much to get it through the MOT, I took it to the breakers yard, got 20 quid for it and walked home. Trust me Cyprus, it is time to start walking.

[GreekIslandGirl]

Reality check:

We're staying in the Euro. (Tomorrow - or Tuesday, the Euro soars.)

We have been forced to owe EU 10 bn. Hence we are tied in; and Russia is in our history. (Unless they come back with a BETTER offer )

We settle down to our entrepreneurial skills. We go back to BOOM in 2 years, 3 years max.

The EU keep an eye out that Turkey do NOT take over the whole island - because they (EU) have now invested some money here.

Cyprus starts pumping Gas and Merkel has her fill!

(We have some power and negotiate complete removal of Turks!)

Stay strong fellow Greeks and remember, don't let the buggers divide us any more!

Exactly GreekislandGirl, now you're talking with seriousness!!!!!!!!!

[danny1234]

Well it is not looking good and I wish you all the very best.

[appel]

Not good to be in Cyprus if there's no deal and no plans exist for the case where the banking system collapses.

But the reality is, the banking system has already collapsed, the ongoing negotiations are about resurrecting it and in what form and with what money.

[GreekIslandGirl]

Britain will be among FIRST countries to be hit by any fall in lifestyle of Cypriots.

Alongside other factors: Cypriot students are propping up sick UK universities suffering from lack of funds from home students.

Think!

[apc2010]

Britain will be among FIRST countries to be hit by any fall in lifestyle of Cypriots.

Alongside other factors: Cypriot students are propping up sick UK universities suffering from lack of funds from home students.

Think!

Was that a serious post .......????? how many Cypriot students are there in the UK ??

[tsukoui]

finmin told cyp reporters 50-60% haircut for bank of cyprus demanded. suggests it cd be preparing for lower 35-40% haircut a la IMF

What's the difference if we walk?