Cyprus-Forum.com

[Robin Hood]

CAP:

A little over the top there Robin I think.

So were the questions and deserved an equaly sarcastic answer ...... point out one answer that was wrong? Cypriots need to get a grasp on reality and realise, as has been said so many times before ....... Cyprus is not the center of the Universe!

[Cap]

CAP:

A little over the top there Robin I think.

So were the questions and deserved an equaly sarcastic answer ...... point out one answer that was wrong? Cypriots need to get a grasp on reality and realise, as has been said so many times before ....... Cyprus is not the center of the Universe!

who claimed it was?
Clearly you've got issues in CY.
It's called the UK superiority complex.

[GreekIslandGirl]

I just coud not resist this one ..........

In answer to Get Reals questions:

Well, you should have resisted, Robin. Because whilst GR!'s comments were amusing and taken in the spirit in which they were intended by most people, including the OP, yours were simply backbiting.

If you want to compare outcomes with Iceland, give Cyprus a blooming CHANCE, matey!

[Get Real!]

I just coud not resist this one ..........

I've dispatched hundreds of fools over the years so one more won’t make much of a difference to me.

That’s because there is plenty of beach because the Cypriots have killed of their main earner ..... the Tourist sector!

At just 8% of Cyprus’ GDP tourism in nowhere near the top earners. FAIL #1

If a Cypriot stood next to an Arab you wouldn’t see the difference!

That’s pretty much what I said but your comprehension skill has failed you. FAIL #2

You have/had gas/oil but were so stupid you have mortgaged it to the ECB and the chances of the Cypriot people ever seeing any benefit from it is zilch!

The hydrocarbons are NOT part of any arrangement with the ECB. FAIL #3

The Icelanders are obviously more interested in today than in continuing to fight wars. You lost ..... get over it!

So the Icelanders are tired of fighting wars eh? They don’t even have a military! FAIL #4

Most people outside Europe don’t even know where Cyprus is!

Cyprus has been making the international news for years now at least once a month… in fact far more frequently than Britain and most of the rest of the world. Everyone knows where Cyprus is I assure you! FAIL #5

Ask the average Cypriot anything and all you get is a ‘Tut’ and a jerk of the head!

I have no idea what this “tut and jerk” is you’re talking about. Maybe you’re confused with foreigners working here. FAIL #6

Get anyone other than a Cypriot to pronounce something in Cypriot (sort of Greek) and even the Greek’s can’t understand them!

Icelandic happens to be one of the worlds hardest languages to learn and that’s why I threw it in my humorous post but that’s yet another fact I gather you didn’t know. FAIL #7

The Icelanders will soon be able to drink Champagne where as Cyprus will soon only be able to drink their own wine and water as everything else will be out of their price range!

The Cypriots have been enjoying the finest of spirits for decades now and will continue to do so because they’ve got stockpiles at home! FAIL #8

There is no comparison as the Icelanders actually solved the problem rather than the Cypriot method of a lot of hot air and promises that never materialize, designed to keep the locals quiet whilst The Cyprus Elite raid the Banks and send their stolen money to Iceland for safe keeping

It’s easy to say that about Iceland years later but the fact that you expect Cyprus to perform a miracle in the space of a month goes to show how great the expectations are of Cyprus because that is how we spoiled you! FAIL #9

GET REAL .... You really are a top class dumb ass!!!!

It's like you were looking into a mirror...

[Get Real!]

Robin Hood, thank you for giving GR his medicine.

It looks like you screwed up.

[Get Real!]

...... point out one answer that was wrong?

It was ALL fucking wrong and you made a TOTAL dick of your self!

[Mik]

No it wasnt!

[sven]

I'm from Iceland and in replies to my posts I've noticed many misconceptions about the contrast between Cyprus and Iceland.

I wanted to describe to you the position Iceland is in, and you can for yourself compare it to the situation Cyprus is in, and the path it might choose to take in coming years.


Crash and consequences:
When the banking system collapsed, the private banks went bust, not the sovereign. The state resurrected the banks as new entities, which took over the domestic payment system, and then put on foreign exchange capital controls (for a week only food, oil and medical supplies could be bought from overseas). Emergency laws were instated. The banks were open throughout the crisis, and everyone were able to withdraw money, use their debit cards and credit cards even over seas. The currency did plummet to half its value. Everyone did have full access to their accounts throughout, and there were no capital controls inside of Iceland. We still have our own currency, in capital controls though.
http://en.wikipedia.org/wiki/2008%E2%80 ... ial_crisis

In January 2009 there was a semi-revolution, where people protested outside government buildings for many days, finally erupting in all out revolution without the revolt. It was a sight never seen in Iceland, tear gas used, battle geared riot police, fire, stones, and ... a lot of people got scared, and it caused the government to disband. I think the protests put the God fearing reality into every single member of parliament. Thankfully the demands of the people were finally agreed to, a clean house in the central bank and at the financial regulatory, new elections, and a new constitution (still in progress).
http://en.wikipedia.org/wiki/2009_Icela ... s_protests

There was an issue of the state being liable for "Icesave" deposits, amounting to some €5 billion, but after a lengthy dispute and two rejections by referendums (the president kept vetoing the parliament sending the settlement agreement made between Iceland and UK/Dutch to a referendum), the dispute was deferred to a European court which literally threw out the case, it found in favor of Iceland. Case closed, Iceland not liable for those €5 billion after all! No apology from the UK after imposing anti-terror laws on Iceland and freezing all Icelandic assets in the UK.
http://en.wikipedia.org/wiki/Icesave_dispute

Today:
It is election month, the elections are due in just over a week. There are around a dozen parties battling for the votes. More than half of the political parties have on the agenda to replace the monetary and banking system in Iceland, to move away from the fractional reserve system towards a full reserve system based on the Chicago-plan: http://www.positivemoney.org/
Recent polls indicate the parties that want this change will get 80% of seats in parliament. One party in particular (Framsokn) is the biggest by far, not shy of majority in parliament. The head of that party has said the new finance minister will be the person who has been advocating the Chicago-plan for years here in Iceland.

Foreign funds bought bonds in the failed banks, and own 35% of all Icelandic kronas (or demand on kronas). They are unable to move this money out of the country because of the capital controls, they have to exchange them to a foreign currency. Recent suggestions from the central bank that is negotiating with these funds indicate they will be willing to bail out with a 70% discount, meaning capital controls might be lifted soon.

Unemployment is 4.7% and is still declining. (eurozone unemployment is at 12% and increasing!)

Inflation is 3.9%, and is declining.

Economic growth is positive, not negative, at +1.6%.

GDP is over $14 billion, for a tiny nation of 320.000.

Government debt is at 98% of GDP. It rose a lot, from around 30-40% pre-crash.

Tourism has boomed and well over 1 million visit every year, giving a steady stream of foreign currency.

A new constitution was drafted, by a special committee of people elected in a national referendum. It's still not been approved though as there are still some disputes over it.

Soon after the crash we started negotiating with the EU for membership. Today, roughly 80% oppose EU membership and 70% oppose the euro.

A lot of bankers have been arrested (I think most of the bankers), and some have been sentenced to prison time. A special prosecutor is still prosecuting the banksters with a lot of cases pending. Iceland has arrested and put more banksters behind bars than the entire western world since 2008. (Does that say something more about the western world than Iceland?)

Iceland sovereign credit rating has been raised several times since the crisis and is now BBB and stable. It never went to default or speculative rating.


In my eyes the problems we have today are few and easy to manage and solve.




Iceland is not in the EU nor has the euro.

Just to get the thread back on track, at least show appel some respect, it was a well put together post explaining what happened in Iceland. And how they have dealt with it. Seeing as there is a third resignation from the Central Bank of Cyprus and it looks as though YOUR (although I have my doubts) countrys Finances are going to be run by the ECB. See if you can muster some dignity. It seems FORIEGNERS care more about what happens in YOUR (see above) country than you do. And NO I am not going to FUCK OFF. What is WRONG with YOU.

[Cap]

Arnthor Birgisson is a great songwriter.

Amazing lyrics.

[sven]

Traitor