Cyprus-Forum.com

[GreekIslandGirl]

The figure of 43 bl was also mentioned by Philelephtheros. You have to accept that since your average "Joe Public "is not privy to such detailed figures he or she must extract from a number of informative sources. For instance, and from memory, the total exposure to Greek junk bonds exceeded 13 billion euros, on top of that of course one has to account for the billions loaned to Greek industry.Such loans earned the principals huge commissions undoubtedly.
Why on earth does Cyprus have to get involved with a bankrupt nation such as Greece is beyond me. You had a thriving economy , one of the highest standards of living in Europe, Cypriots on average were richer than the Germans as a recent study highlighted. This economic disaster was caused by Cypriots (banks and ruling classes) through sheer greed and disregard of the most basic and fundamental rudiments of economics.

So far you've only proven you cannot support ANY of your figures with evidence. What are your "informative sources"? You're entitled to your opinions, but facts are sacred. You have nothing worthy!

In what way were Cypriots richer than Germans? By some obscure valuation of property worth?

(Your poor attempt to sow division between Cyprus and Greece only works with those who are already anti-Greek. The Cypriot banks were part owned by Russians.)

[claret21]

The figure of 43 bl was also mentioned by Philelephtheros. You have to accept that since your average "Joe Public "is not privy to such detailed figures he or she must extract from a number of informative sources. For instance, and from memory, the total exposure to Greek junk bonds exceeded 13 billion euros, on top of that of course one has to account for the billions loaned to Greek industry.Such loans earned the principals huge commissions undoubtedly.

The figures I gave you above is the situation that has been presented to us by hundreds of news articles both domestic and foreign.

Why on earth does Cyprus have to get involved with a bankrupt nation such as Greece is beyond me. You had a thriving economy , one of the highest standards of living in Europe, Cypriots on average were richer than the Germans as a recent study highlighted. This economic disaster was caused by Cypriots (banks and ruling classes) through sheer greed and disregard of the most basic and fundamental rudiments of economics.

I agree with you and if I could I'd shoot a few people here... but what can I do now?

Hold your heads high. The 1974 recovery was heralded by some as a miraculous recovery following the Turkish invasion and the dire consequences of being deprived of some 40% of the islands territory and wealth. The recovery was quick and admirable.
The island of Cyprus has a natural wealth unrivaled by any other European nation. The weather, the scenery , the magnificent sun rises and sun sets, the beauty of its mountains the friendliness and hospitality of its people.It shall recover again.
ps. Dont go shooting anyone, offer a free haircut instead!

[kurupetos]

ps. Dont go shooting anyone, offer a free haircut instead!

How about a headcut?

[Paphitis]

Why on earth does Cyprus have to get involved with a bankrupt nation such as Greece is beyond me. You had a thriving economy , one of the highest standards of living in Europe, Cypriots on average were richer than the Germans as a recent study highlighted. This economic disaster was caused by Cypriots (banks and ruling classes) through sheer greed and disregard of the most basic and fundamental rudiments of economics.

Woa, this forumer is super intelligent! Welcome to the forum!

Yes, a lot of damage has been done to Cypriot and Greek relations. Cypriots will have to be stupid to do business with Greece again. The hatred now towards the Greeks is pulpable.

Once the complete destruction of Cypriot and Greek ties is complete, Cyprus will be forced to seek relationships with other more serious nations such as US, Israel, Australia, Canada, UK, China, Japan etc etc etc...and leave Greece behind to eat Cyprus dust!

So far things are going according to plan!

Welcome once again.

[Oceanside50]

early conclussions are usually wrong conclussions, too many things happened in the past 10 years and laying blame on Greece or Cyprus' bankers is premature to say the least.

[claret21]

Many figures are floating around such as this :Compared with a nominal GDP of €19.5bn ($24bn)[13] the banks had amassed €22 billion of Greek private sector debt with bank deposits $120bn, including $60bn from Russia business corporations.[14] Russian oligarch Dmitry Rybolovlev owned a 10% shareholding of Bank of Cyprus.[14][15][16.

According to Wall Street Journal the combined exposure to GGB amounted to 5.8 bln Euros and the Greek private sector loans to 22 bln euros.
http://online.wsj.com/article/SB1000142 ... 23182.html

Nobody can seriously deny that the Cyprus economic crises was not at least partly or largely due to its exposure to Greek GBs and PS Loans, just as the invasion by Turkey was precipitated by Greece so is the current economic disaster.
I do not dislike Greece, a country that is perceived as the most corrupt in Europe, I love its glorious history, I praise its contribution to the world in the field of science, art, democratic ideals and above all its ...mythology.
Someone stated, that I, apparently, is trying to cause divisions between Cyprus and Greece, why on earth should I want to do so.I consider Cyprus as an independent nation and a separate entity from Greece.
My predominant interest is the recovery of the Cypriot economy as quickly as possible so that its people do not suffer unduly as a result of stupendous misjudgements by the banking sector and the ruling classes which caused this enormous calamity.
The fact that so many from the elite ruling class removed their deposits from Cyprus banks in order to escape the "haircut"
is indicative of their total disregard of the ordinary Cypriot and of the nation it self.
Cyprus will recover just as it did in 1974 following the Turkish invasion. One hopes that a bitter lesson has been learned and future delusions will not reoccur.

[Paphitis]

Welcome again Claret!

Yes no one dislikes Greece or the people. Their ancient contributions to Western civilization is ernormous.

Unfortunately, Modern Greece is a far cry from its ancient past, and has been nothing but a disastrous liability to Cyprus on several occasions, the latest being their borrowings from Cyprus which underwent a massive haircut and now bringing Cyprus to economic oblivion.

Cypriots use to behave like Greece is the only country in the world. A very short sighted and destructive mentality as we have seen on several occasions.

Now, Cyprus will need to abandon these strings of perpetual bondage to inferior Greece and look to establish bonds with countries of some standing such as US, UK, France, Germany, Russia, China, Japan, Korea, Singapore, Australia, Canada, Argentina, Brazil, Saudi Arabia, Qatar, Emirates etc etc...

Even Nigeria, Yemen, and Somalia would be better than to fall in a Greek circle of destruction and regression.

Don't worry, Cypriots saw the light of the Greek freight train which crushed the Cypriot Nation and the people won't ever forget this.

Time now to abandon the regressive Gypsy Greek mentality which is not Hellenic at all btw, and forge ahead as a serious nation of people with our own winner non defeatist attitude and turn Cyprus into another Singapore, something Greeks are not capable of.

This crisis has been another wake up call for Cyprus and every cloud, no matter how dark, has its silver lining!

[claret21]

Thank you for your welcoming words.
On joining this forum I decided that on making 50 posts I shall seize posting.
I agree with your comments, I do however emphasize that my interest in the welfare of the Cypriot people is generated from my love of the island and its inhabitants, be it Greek or Turkish speaking Cypriots.
I was devastated on witnessing the adverse and fortuitous unravel lings of the severe financial predicaments faced by the island of Cyprus, I'm convinced that reparation will commence within 2 to 3 years and a return to a healthy economy withing 5 to 7 years taking into account the sea resources currently abiding.
It saddens me to see divisions amongst the Cypriot people based on party politics at this very crucial time.
I hope the future is bright and that the political situation can be solved for the benefit of all Cypriots.

[Paphitis]

Yes i fully agree again Claret!

We are politically too divided as a people which I notice is a very Greek type mentality. There must be more unity and a more outward look.

Being Greek or Turkush is not going to do anything for us. Being Cypriot looking outwards to establish working relations with other nations will. We could learn a lot more from other countries and that is what Cyprus needs.

[DrCyprus]

BSAC qualified. Seems a lot of jobs are paid peanuts to be fair. I read on a website ( ill try and find the link later) that Cyprus is currently crying out for English speaking teachers. Is this the case as I could invest my time money and effort going down that route?

UnderwaterMan, have you found that link anywhere? I was very interested in studying for a TEFL, but when searching on their websites couldn't find any openings. It'd be very interesting to see what it says

Hi Sotiria

Have you seen this site?

http://www.onlinetefl.com/tefl-courses- ... tAod1GUA8A

Also, if you contact the British Council, they are very keen to train people to spread English abroad and their courses tend to be cheaper. Here's their website based in Cyprus but you can also contact them in the UK where they co-operate with the BBC.

http://www.britishcouncil.org/cyprus.htm

DON'T DO ONLINE TEFL COURSES. NOONE DECENT WILL HIRE YOU.

CELTA, Trinity or equivalent.

Just go to TEFL.com and see what most employers ask for.