Cyprus-Forum.com

[Sotos]

the Cyprus economy needs a quick turnaround, and the best and only way to get money in and unemployment down, is CASINOS...no reason why cyprus can't be the las vegas of Europe

Yes... this is entirely possible. We already have a tourist industry with 5 star hotels, marinas, golf-courses etc... we should invest in some ultra-luxury beach casinos ... it can be better than the desert casinos of Las Vegas

[Paphitis]

We can always find excuses such as we are too small or we don't have qualified people, resources or money.

Well if this is true, then with what will you replace the once dynamic Banking Sector? What hope is there now and when the Gas runs out? Tourism? Shipping? Is that it?

Well I do know of small tiny States that have massive manufacturing and Defence Industry and Arms capability. Adelaide - population 1.1 million. The home of General Motors Holden, producing over 120,000 vehicles pa. Defence industry - currently building Submarines, Air Warfare Destroyers, the home of Over the Horizon Radar, Night Vision Goggles, Ejector Seats, F22 Avionics and systems, UAVs, Missiles, Bombs, Satellite Systems and who knows what else? An industry that is worth many Billions to the local economy. The innovation here is mind boggling and there are joint ventures with US, Italy, Germany, UK and US.

You got to find your own niche and it does not have to be large scale. Cyprus is small but that does not mean it can't be as innovative.

You are building a Oil Refinery and Gas Pumping and Storage facility. This is a joint operation with Israel I believe. Once the Gas Platforms are in place then this industry will also employ thousands. So it is possible and as I said many things can be Joint Ventures which means Cyprus can tap into the resources of other countries for labour and know how.

If there are any errors it is because I post on the run and am using Apple and having finger trouble.

[CBBB]

the Cyprus economy needs a quick turnaround, and the best and only way to get money in and unemployment down, is CASINOS...no reason why cyprus can't be the las vegas of Europe

Yes... this is entirely possible. We already have a tourist industry with 5 star hotels, marinas, golf-courses etc... we should invest in some ultra-luxury beach casinos ... it can be better than the desert casinos of Las Vegas

Roulette tables actually in the sea!

[Maximus]

the Cyprus economy needs a quick turnaround, and the best and only way to get money in and unemployment down, is CASINOS...no reason why cyprus can't be the las vegas of Europe

Yes... this is entirely possible. We already have a tourist industry with 5 star hotels, marinas, golf-courses etc... we should invest in some ultra-luxury beach casinos ... it can be better than the desert casinos of Las Vegas

Roulette tables actually in the sea!

sink or build anything in the sea and turn Cyprus into a 'novelty' divers mecca.

[Jerry]

Welcome back Paphitis.

Nobody has mentioned one of the ROC's most valuable resources - us Charlies. The wealth of UK Cypriots should be focused on Cyprus, I for one will take longer holidays there and I hope other Charlies rally round and invest in Cyprus. The government could also help itself by sorting out the title deeds mess in order to facilitate the sale of the thousands of unsold properties.

If Merkel wants her 10billion back she must help to replace the banking industry with an alternative and we can't do that with only 63% of the island. With Cyprus in the international headlines now is the time to press the EU into finding a fair solution to the Cyprus problem.

[Viewpoint]

Welcome back Paphitis.

Nobody has mentioned one of the ROC's most valuable resources - us Charlies. The wealth of UK Cypriots should be focused on Cyprus, I for one will take longer holidays there and I hope other Charlies rally round and invest in Cyprus. The government could also help itself by sorting out the title deeds mess in order to facilitate the sale of the thousands of unsold properties.

If Merkel wants her 10billion back she must help to replace the banking industry with an alternative and we can't do that with only 63% of the island. With Cyprus in the international headlines now is the time to press the EU into finding a fair solution to the Cyprus problem.

Hasnt the EU taken the first step in helping you find a fair solution, looks the balls has started to roll and big boys have agreed something behind the scenes, all we minnows can do is sit and watch it all unfold.

[Tim Drayton]

In my view, absolutely the worst part of this deal is that Cyprus has agreed (been forced) to reduce its banking sector to EU average levels in terms of its share of GDP by 2018. This is preposterous. It violates the basic principle of international law of the sovereignty of nations and the right to self determination. Nobody can dictate to another country what the size of its banking sector is to be. This also violates every principle of the the liberal free-market economic order that is supposed to exist in the EU and most of the world. Once the hurly burly dies down, the Cyprus government must fight this unjust and illegal measure in every available tribunal.

[B25]

In my view, absolutely the worst part of this deal is that Cyprus has agreed (been forced) to reduce its banking sector to EU average levels in terms of its share of GDP by 2018. This is preposterous. It violates the basic principle of international law of the sovereignty of nations and the right to self determination. Nobody can dictate to another country what the size of its banking sector is to be. This also violates every principle of the the liberal free-market economic order that is supposed to exist in the EU and most of the world. Once the hurly burly dies down, the Cyprus government must fight this unjust and illegal measure in every available tribunal.

Tim i do agree, but, they didn't just come along and demand or instruct this. It was us that went for aid and they only greed to that aid IF we did this. We were free to reject it, but the consequences ould have been worst. I guess this would be thei get ou clause.
That said, it was criminal, immoral and bloody well discraceful the treatment they gave us.
Onwards and upwards and looking ahead. We need new ideas new initiatives and a different way of thinking.
I guess this will also put back the cypro even further ......

[Tim Drayton]

In my view, absolutely the worst part of this deal is that Cyprus has agreed (been forced) to reduce its banking sector to EU average levels in terms of its share of GDP by 2018. This is preposterous. It violates the basic principle of international law of the sovereignty of nations and the right to self determination. Nobody can dictate to another country what the size of its banking sector is to be. This also violates every principle of the the liberal free-market economic order that is supposed to exist in the EU and most of the world. Once the hurly burly dies down, the Cyprus government must fight this unjust and illegal measure in every available tribunal.

Tim i do agree, but, they didn't just come along and demand or instruct this. It was us that went for aid and they only greed to that aid IF we did this. We were free to reject it, but the consequences ould have been worst. I guess this would be thei get ou clause.
That said, it was criminal, immoral and bloody well discraceful the treatment they gave us.
Onwards and upwards and looking ahead. We need new ideas new initiatives and a different way of thinking.
I guess this will also put back the cypro even further ......

Yes, I understand - I put "been forced" in brackets, but I do not believe that it holds water under international law. A sovereign nation cannot, even so-called voluntarily, give up its sovereignty and right to self determination.

[Jerry]

In my view, absolutely the worst part of this deal is that Cyprus has agreed (been forced) to reduce its banking sector to EU average levels in terms of its share of GDP by 2018. This is preposterous. It violates the basic principle of international law of the sovereignty of nations and the right to self determination. Nobody can dictate to another country what the size of its banking sector is to be. This also violates every principle of the the liberal free-market economic order that is supposed to exist in the EU and most of the world. Once the hurly burly dies down, the Cyprus government must fight this unjust and illegal measure in every available tribunal.

Tim i do agree, but, they didn't just come along and demand or instruct this. It was us that went for aid and they only greed to that aid IF we did this. We were free to reject it, but the consequences ould have been worst. I guess this would be thei get ou clause.
That said, it was criminal, immoral and bloody well discraceful the treatment they gave us.
Onwards and upwards and looking ahead. We need new ideas new initiatives and a different way of thinking.
I guess this will also put back the cypro even further ......

Yes, I understand - I put "been forced" in brackets, but I do not believe that it holds water under international law. A sovereign nation cannot, even so-called voluntarily, give up its sovereignty and right to self determination.

Tim, Cyprus has never been and is not, strictly speaking, a sovereign nation. How can it be, when other States have the legal right to intevene with military force? Cyprus was even expected to accept the illegal Annan Plan and was rebuked for not doing so. Cypriots are always accused of blaming others for their misfortune - they have good reason to.

I'm not sure any international Court will be prepared to listen to the ROC, after all the ECHR abandoned its duty to displaced Greek Cypriots when it accepted the IPC as a legitimate route for claiming compensation. The IPC has resolved 300 cases out of 4000 applications in six years, where's the justice in that?

Cyprus has every right to run its economy as it sees fit but its bankers made fundamental errors in putting all its eggs in the Greek basket and in making loans to developers in the belief that the housing boom would go on for ever. Instead of helping Cyprus our EU "friends" decided to put the boot in, gave us a good kicking and expect us to function as before despite our injuries. Cyprus can expect regular kickings until the oil starts to flow, maybe the boot will be on the other foot then.