Cyprus-Forum.com

[GreekIslandGirl]

I ignore the rather mystical one of being 'part of Europe' and the unspoken one of the EU assisting to bringing an end to the TRNC. They never will - It's of no importance to anyone other than Cypriots.

The United States of Europe is on course, on the way .... with common security. That would mean 300 Million against Turkey's atrocities on European soil ...


http://www.theguardian.com/world/2014/f ... ane-reding

[observer]

On the contrary, the EU is the RoC's biggest guarantor for political stability and the greatest guarantee for the TCs as a community!

I rather think that's what I meant. Preserving the status quo - no, not the pop group - I mean preserving the Green Line.

[observer]

I ignore the rather mystical one of being 'part of Europe' and the unspoken one of the EU assisting to bringing an end to the TRNC. They never will - It's of no importance to anyone other than Cypriots.

The United States of Europe is on course, on the way .... with common security. That would mean 300 Million against Turkey's atrocities on European soil ...


http://www.theguardian.com/world/2014/f ... ane-reding

er ...I hate to join you by being nationalistic, but you're avoiding atrocities on European soil by joining an organization whose most influential member is Germany!

[Paphitis]

On the contrary, the EU is the RoC's biggest guarantor for political stability and the greatest guarantee for the TCs as a community!

I rather think that's what I meant. Preserving the status quo - no, not the pop group - I mean preserving the Green Line.

I am sure that is your wish! Which explains why you do not see the point of the EU!

Like it or not, if the EU will exist indefinitely, then the "trnc" will not.

[Robin Hood]

It really depends on whether the OP meant the EU or the Eurozone, many replies seem to assume the latter.

In the UK they had a referendum on whether or not the UK should join the European Economic Union (EEC), NOT a European Federal State ruled by a bunch of unelected foreign bureaucrats. The UK then ensured that they got a derogation on adopting the Euro as a currency. This was the most sensible thing to do as it enabled free trade and the security as a member of a large trading zone but with no political or monetary union. The Cypriots could not see any further than the millions the EU would pour into the country (greed) and lacked the foresight to have monetary union excluded. Had they still had the Cyprus Pound they would not have had the economic crisis as they could have used the exchange rate to compensate to a great extent.

If the EU was what it was originally, an economic community within which there were no trade barrier’s, there would be no problem. How on earth can you have a country like Germany where a relatively low paid German earns more in one week than most Cypriots make in one month, whilst both are paying the same world prices for goods, services and raw material’s. Cyprus relies mainly upon Tourism for a substantial part of its income and, until the 2008 collapse, property sales and off-shore banking. Cyprus has no significant industry and is now thinking they are going to be another Norway on the back of the oil/gas deposits. It will never happen, he Government are spending it already and by the time this comes into fruition they will be so far in debt they will have to privatise/sell off that to pay off their debts.

Was it a good idea to join the EU? IMO. Yes but not the Eurozone ........ that was a very bad idea and the country is now paying for that mistake.

[Paphitis]

Robin Hood,

I really wished we were as clever as Britain and negotiated a Eurozone exclusion. Join the EU by all means but stay out of the Eurozone. Wish we still had the Cyprus Pound.

I really like the way Britain is handling its EU and Eurozone relations. Good on them I say.

However, I do not share your pessimism over the Natural Gas! Analysts are saying that the Gas will be worth a minimum of 800 billion. The National Debt is only about 20 Billion. This amount of money is bound to have a big impact on a small economy. Also, Troika is forcing the RoC to reform the economy. There are strict targets in reducing the budgetary deficit.

[B25]

Joining the Euro was a pre-condition of entry for Cyprus. We had no choice.

[Paphitis]

Joining the Euro was a pre-condition of entry for Cyprus. We had no choice.

Yes I know. But the UK managed to get out of it so I am wondering whether we could have done the same as them.

[B25]

Joining the Euro was a pre-condition of entry for Cyprus. We had no choice.

Yes I know. But the UK managed to get out of it so I am wondering whether we could have done the same as them.

You cannot compare the UK with Cyprus. They were big enough to negotiate their way out, what power did we have. We wanted in so it was a consequence of doing it. We may have trouble with the Euro now, but without it (EU) Turkey would have fucked us over many times. It is a hidden blessing!

[Paphitis]

Joining the Euro was a pre-condition of entry for Cyprus. We had no choice.

Yes I know. But the UK managed to get out of it so I am wondering whether we could have done the same as them.

You cannot compare the UK with Cyprus. They were big enough to negotiate their way out, what power did we have. We wanted in so it was a consequence of doing it. We may have trouble with the Euro now, but without it (EU) Turkey would have fucked us over many times. It is a hidden blessing!

That doesn't wash with me!

We didn't even try!

However I believe the EU is a blessing of sorts. The Eurozone however is a flop. It will not survive more than 10 years.