Cyprus-Forum.com

[miltiades]

1,400,000,000,000 !!!
That equates to roughly £20,000 per per man woman and child in the country, based on a population of 70 million.

A staggering figure by any means.

I have tried to find Cyprus's national debt to no avail.
, but if say is the same as the UK'S then we are looking at around 20 billion.

Any mathematicians around ?

[kurupetos]

According to wiki (figures in US$), UK's external debt is more than 10 trillions (160K/capita). Cyprus: 106.5 billions (37.8K/capita).

Luxembourg: 2.6 trillions (3.7 million/capita!!!)

China: 3 trillions (only 396 dollars per capita).

I don't think anyone is jealous of the Chinese quality of life though!

[Lordo]

1,400,000,000,000 !!!
That equates to roughly £20,000 per per man woman and child in the country, based on a population of 70 million.

A staggering figure by any means.

I have tried to find Cyprus's national debt to no avail.
, but if say is the same as the UK'S then we are looking at around 20 billion.

Any mathematicians around ?

what do you need a mathematician for miltiades, you worked out what would be paid if it was paid in one day.
take to a year and it is 54.79 per day for a year
take it to 20 years like when it is likely to be paid and it drops by some. even including interest which is very low between governments, it realy is not a big deal

but keep you day job on though you will need it.

[Robin Hood]

Now take it a bit further!

1. Who does the UK/Cyprus governments, in fact any Government owe the money to?

2. Where did THEY get it from in the first place?

3. Why when the people have to bail-out banks, even though their debt was self inflicted through greed, is it a gift with no requirement for repayment, interest or austerity measures?

4. Why is it when the banks bail the people out (their Government) it is a loan, with interest, a repayment period, requires collateral and is inevitably accompanied by strict austerity?

If you think £1.4 trillion is a big debt .......... have a look at the US and Japanese debt mountains! If Bill Gates gave all his fortune to the US Government to help pay off their debt, it would be enough to pay the interest for only fifteen days.

[Paphitis]

Robin Hood,

Greece was the beneficiery of a 136 Billion Euro haircut. This means that 136 Billion was wiped off their National Debt as a reward for the implementation of strict Austerity Measures.

Cypriot Banks lost 6 Billion from their Balance Sheets due to this haircut. As a result, Laiki is bankrupt and BoC is on the brink.

A total of another 130 Billion was wiped off the balance sheets of various other financiers as a result of the haircut.

[Oceanside50]

England's debt is irrelevant when there's fracking. I guess the imperialist are following the former colonies example of paying off debt.. ..cherrios