Onegaishimas wrote:Nikitas wrote:The banking sector is not in ruins.
Manufacturing has a future if we change our cultural attitude towards "dirty" jobs. Modern engineering systems, like CNC machining and 3D modelling offer new opportunities, but the problem there is that our politicians do not undersand such things, they are mostly lawyers, political science grads or totally unskilled demagogues.
As for exporting raw natural resources with no local value added, it is worth recalling a quote from Lee Iaccocca, former head of ChryslerQ "what do you call a nation that exports raw material and imports manufactured goods? A colony!"
Yepp I agree mostly. But has the Cyprus banking sector the know how to finance the built up of a clean manufacturing industry ? I doubt it. Cyprus could be the location people turn to, when they search some high class independent energy production & distribution for an island - could be a greek one as some sort of "home market" but there are many many islands that get their energy by fuel tankers.....<:-(( bad
As for the politicans there's good and bad news. Yes, they screwed up, are a pretty wrotten bunch, mostly. The good news is: Cyprus is a democracy. You (I' m not from Cyprus...) can do whatyou could have done years earlier: kick
them out and elect better ones....Many habits will be changed in the coming years, getting rid of the traditional voting
habits may prove as the best results of the crisis.....
Yepp, yepp yepp: it#s the value added that is the main road to success.
Example: One of the most successful ship building yards in the world is ... in Germany. Not at the coast. No: dozens of kilometers up a small river. It's there, where they build the huge cruise ships. All the other ship building places once in Germany... all gone, except for some military purpose. No economist in the world would have dreamt to put a shipbuilding company to that place 100 km inland. And yet it's there, and they make money without subvention or something. Why: Because the build the whole ship as a system, very fast, very individual, very high class. And with comparatively high wages in Germany. Every couple of months, when a ship nears completion, they have to dam the river to have enough depth to bring the vessel from the building yard many kilometers down the river to the sea. Value added in Cyprus is much more important than the number of Russians that continue to buy fur in Nikosia.
Why not copyand paste "war and peace"... It makes easier reading...
