Cyprus-Forum.com

[Maximus]

Lets see who thinks its a good idea to transfer their money out of Cypriot banks, as soon as the capital controls are lifted and into British ones now.

[Paphitis]

Lets see who thinks its a good idea to transfer their money out of Cypriot banks, as soon as the capital controls are lifted and into British ones now.

Lets see who thinks its better to transfer their money out of Cypriot banks and into British ones now.

Your forgetting that Britain has the Stirling! It's own currency which it completely controls.

The RoC and Greece has the Euro! A German currency which Germany controls to fit its manufacturing economy.

Yes, I don't have any issue placing money in British Banks.

But since you believe that disaster is around the corner, then you better pack up and leave Britain before it's too late!

Last thing I heard is that Britain forecasts a surplus by 2018 and GDP is growing now which is quite remarkable for a European Economy.

http://www.bbc.co.uk/news/business-24668687

[Maximus]

I don't live in Britain (at the moment) and printing more money is not the answer to Britain's debt problem's.

Forget the British Brainwashing Corporation, read the article.

[Paphitis]

I don't live in Britain (at the moment) and printing more money is not the answer to Britain's debt problem's.

Forget the British Brainwashing Corporation, read the article.

I have read it and it sounds like scaremongering to me.

Britain has a growing GDP and that inflates their debt away without even paying a dime. Printing money is fine! It works and if Greece and Cyprus were able to do that, it would have been much better.

Now please tell me why Printing is not a solution for Britain! Would the Euro be a better option?

I take my hat off to Britain, because they seem to be the only country with brains in Europe!

[Maximus]

I don't live in Britain (at the moment) and printing more money is not the answer to Britain's debt problem's.

Forget the British Brainwashing Corporation, read the article.

I have read it and it sounds like scaremongering to me.

Britain has a growing GDP and that inflates their debt away without even paying a dime. Printing money is fine! It works and if Greece and Cyprus were able to do that, it would have been much better.

Now please tell me why Printing is not a solution for Britain! Would the Euro be a better option?

I take my hat of to Britain, because they seem to be the only country with brains in Europe!

You pay off your debts by spending less than you earn.

Printing more money is not going to make Britain's national debt go away, it will just create more inflation, which will negate this economic growth you mention. I cant see how running a deficit for the next five years is good either. Then, (if) she creates a surplus, how much is it and what is the forecast in terms of % of this national debt?

What is it about the article that you dispute? Argentina is also mentioned in that article and they also had their own currency, why didn't they just print more money to solve their problem and avoid an economic collapse? So too did Iceland, and so too does Europe so why didn't they just print more money and solve their problems....?

It may be scaremongering but Flying horse seems to have a negative outlook on the British economy and she lives there.

[Paphitis]

I don't live in Britain (at the moment) and printing more money is not the answer to Britain's debt problem's.

Forget the British Brainwashing Corporation, read the article.

I have read it and it sounds like scaremongering to me.

Britain has a growing GDP and that inflates their debt away without even paying a dime. Printing money is fine! It works and if Greece and Cyprus were able to do that, it would have been much better.

Now please tell me why Printing is not a solution for Britain! Would the Euro be a better option?

I take my hat of to Britain, because they seem to be the only country with brains in Europe!

You pay off your debts by spending less than you earn.

Printing more money is not going to make Britain's national debt go away, it will just create more inflation, which will negate this economic growth you mention. I cant see how running a deficit for the next five years is good either. Then, (if) she creates a surplus, how much is it and what is the forecast in terms of % of this national debt?

What is it about the article that you dispute? Argentina is also mentioned in that article and they also had their own currency, why didn't they just print more money to solve their problem and avoid an economic collapse? So too did Iceland, and so too does Europe so why didn't they just print more money....

It may very well be scaremongering but Flying horse seems to have a negative outlook on the British economy and she lives there.

Oh how very easy that is! Save the cliches!

Spending less hey! Well, do you think Britain is better off cutting people's pensions, cutting salaries, reducing the public sector, cutting spending to education and health like Greece did? Maybe they should put a levy on savings? Is this a better option?

Or is it a better option to print and use inflation?

I have seen the devastation in Greece. People have lost hope. There is much negativity with one person telling me that their Great Grand Kids will be paying for this mess in 2060.

Reduce spending is more easily said than done. That is what they are doing in Greece and Cyprus and both are now in deep recession and people have been reduced below the poverty line.

Britain has been reducing spending over the years. They probably can't go any further without inflicting pain upon the population. They have released a set of economic data which is a lot more positive than you are letting on. Their best bet is to sit it out to 2018. As long as their economy is growing, then all is fine.

[bill cobbett]

Yes, thank you P... don't think we'll be slashing our wrists here in England any time soon... except over the frigging, bleeding cricket....!!! .... arggggh...!!!

[Maximus]

Then why didn't those countries I mentioned in my previous post just print and use inflation as it is the better option? Why did the EU choose to cause devastation and damage to future generations of Europeans when they could have spared them all by printing more euros?

There may not be a surplus in 2018 if printing causes inflation to exceed what is forecast for GDP growth.

Where are these number Paphitis? What is the 2018 surplus in terms of % of Britain's national debt?

[MGCN]

I don't live in Britain (at the moment) and printing more money is not the answer to Britain's debt problem's.

Forget the British Brainwashing Corporation, read the article.

I have read it and it sounds like scaremongering to me.

Britain has a growing GDP and that inflates their debt away without even paying a dime. Printing money is fine! It works and if Greece and Cyprus were able to do that, it would have been much better.

Now please tell me why Printing is not a solution for Britain! Would the Euro be a better option?

I take my hat of to Britain, because they seem to be the only country with brains in Europe!

You pay off your debts by spending less than you earn.

Printing more money is not going to make Britain's national debt go away, it will just create more inflation, which will negate this economic growth you mention. I cant see how running a deficit for the next five years is good either. Then, (if) she creates a surplus, how much is it and what is the forecast in terms of % of this national debt?

What is it about the article that you dispute? Argentina is also mentioned in that article and they also had their own currency, why didn't they just print more money to solve their problem and avoid an economic collapse? So too did Iceland, and so too does Europe so why didn't they just print more money....

It may very well be scaremongering but Flying horse seems to have a negative outlook on the British economy and she lives there.

Oh how very easy that is! Save the cliches!

Spending less hey! Well, do you think Britain is better off cutting people's pensions, cutting salaries, reducing the public sector, cutting spending to education and health like Greece did? Maybe they should put a levy on savings? Is this a better option?

Or is it a better option to print and use inflation?

I have seen the devastation in Greece. People have lost hope. There is much negativity with one person telling me that their Great Grand Kids will be paying for this mess in 2060.

Reduce spending is more easily said than done. That is what they are doing in Greece and Cyprus and both are now in deep recession and people have been reduced below the poverty line.

Britain has been reducing spending over the years. They probably can't go any further without inflicting pain upon the population. They have released a set of economic data which is a lot more positive than you are letting on. Their best bet is to sit it out to 2018. As long as their economy is growing, then all is fine.

The difference between the UK and Argentina is the the UK borrows in GBP whereas Argentina in USD, so the UK debt can be inflated away where as the Argentine cannot.

[Paphitis]

Then why didn't those countries I mentioned in my previous post just print and use inflation as it is the better option? Why did the EU choose to cause devastation and damage to future generations of Europeans when they could have spared them all by printing more euros?

Where are these number Paphitis? What is the 2018 surplus in terms of % of Britain's national debt?

What do you think? C'mon, use your brains!

The EU couldn't care less about Greece or Cyprus. Both are just an unnecessary risk to Germany. They have suppressed and destroyed their economies to such an extent, both will be unable to function properly, until the Gas starts to flow.

If Germany allowed the deflation of the Euro, it would effect their manufacturing industry.

As far as the projected surplus is concerned, the current projections have it that Britain will be in Surplus from 2018. I am sure it is only a small surplus, but it is forecast to increase beyond that. Why would they change a thing and reduce spending now?

Many countries are printing money like no tomorrow. Well that is not so true, they only print a little bit to avoid hyperinflation, plus reduce interests rates to 1% to stimulate the economy.