Cyprus-Forum.com

[GreekIslandGirl]

Give back the 4 Billion Euros Greek Bankers ripped off from CYs and STFU you Mad Woman...!!! ... (err that's directed at "g"IG and not Lagarde)

I'm really disappointed that you show your sheep mentality at every opportunity. The Banks have nothing to do with any nationality - loose associations that's all. Today's banks are a separate entity set up by dictators and fascists who have found this unregulated medium as a means to fleece the workers.

No decent person should stand up for Banks. No worthwhile parent should advocate giving Banks taxpayers money to give to the bankers. No one should support Banks' survival above the survival of their country's freedom.

That you have fallen for this divisive strategy is reprehensible - when unity with our allies to free Cyprus is the most important thing .... not saving anyone's banks!

[Paphitis]

Give back the 4 Billion Euros Greek Bankers ripped off from CYs and STFU you Mad Woman...!!! ... (err that's directed at "g"IG and not Lagarde)

I'm really disappointed that you show your sheep mentality at every opportunity. The Banks have nothing to do with any nationality - loose associations that's all. Today's banks are a separate entity set up by dictators and fascists who have found this unregulated medium as a means to fleece the workers.

No decent person should stand up for Banks. No worthwhile parent should advocate giving Banks taxpayers money to give to the bankers. No one should support Banks' survival above the survival of their country's freedom.

That you have fallen for this divisive strategy is reprehensible - when unity with our allies to free Cyprus is the most important thing .... not saving anyone's banks!

Total Crap!

Greece could give our Banks the 4-6 Billion that they managed to rip off with the assistance of Troika. That is such a large volume of money to small Cypriot Banks! This has decimated the 2 biggest Banks and now the RoC has to bail them out.

After all, what's a few Billion between 'mother country' and sibling? Are they suppose to be our brothers and sisters or not?

[DT.]

Give back the 4 Billion Euros Greek Bankers ripped off from CYs and STFU you Mad Woman...!!! ... (err that's directed at "g"IG and not Lagarde)

I'm really disappointed that you show your sheep mentality at every opportunity. The Banks have nothing to do with any nationality - loose associations that's all. Today's banks are a separate entity set up by dictators and fascists who have found this unregulated medium as a means to fleece the workers.

No decent person should stand up for Banks. No worthwhile parent should advocate giving Banks taxpayers money to give to the bankers. No one should support Banks' survival above the survival of their country's freedom.

That you have fallen for this divisive strategy is reprehensible - when unity with our allies to free Cyprus is the most important thing .... not saving anyone's banks!

Total Crap!

Greece could give our Banks the 4-6 Billion that they managed to rip off with the assistance of Troika. That is such a large volume of money to small Cypriot Banks! This has decimated the 2 biggest Banks and now the RoC has to bail them out.

After all, what's a few Billion between 'mother country' and sibling? Are they suppose to be our brothers and sisters or not?

Its not Greece's issue whether the President of the Republic and the Governor of the central bank where not on speaking terms at the time. Not really Greece's issue that Cyprus did not ask for an annex to the Greek bond haircut due to its bank exposure. It is Greece's issue that Piraeus Bank posted a few bn Euros profit after it absorbed the Cypriot banks branch network in Greece. Now that was criminal!

[Paphitis]

Give back the 4 Billion Euros Greek Bankers ripped off from CYs and STFU you Mad Woman...!!! ... (err that's directed at "g"IG and not Lagarde)

I'm really disappointed that you show your sheep mentality at every opportunity. The Banks have nothing to do with any nationality - loose associations that's all. Today's banks are a separate entity set up by dictators and fascists who have found this unregulated medium as a means to fleece the workers.

No decent person should stand up for Banks. No worthwhile parent should advocate giving Banks taxpayers money to give to the bankers. No one should support Banks' survival above the survival of their country's freedom.

That you have fallen for this divisive strategy is reprehensible - when unity with our allies to free Cyprus is the most important thing .... not saving anyone's banks!

Total Crap!

Greece could give our Banks the 4-6 Billion that they managed to rip off with the assistance of Troika. That is such a large volume of money to small Cypriot Banks! This has decimated the 2 biggest Banks and now the RoC has to bail them out.

After all, what's a few Billion between 'mother country' and sibling? Are they suppose to be our brothers and sisters or not?

Its not Greece's issue whether the President of the Republic and the Governor of the central bank where not on speaking terms at the time. Not really Greece's issue that Cyprus did not ask for an annex to the Greek bond haircut due to its bank exposure. It is Greece's issue that Piraeus Bank posted a few bn Euros profit after it absorbed the Cypriot banks branch network in Greece. Now that was criminal!

No none of that is Greece's issue or fault. And surely it was our fault for over exposing ourselves in the Greek Market.

But Greece did get a haircut, and Cyprus had to sacrifice a lot. A bit of recognition of this and perhaps even a thank you from Samaras with a bit of a promise that Greece would right some of the suffering in Cyprus by even perhaps making a small under the table donation to the RoC Treasury once she finds her feet and is able to. I doubt anything like that will ever happen though.

I believe 4 Billion is a lot easier for Greece to absorb than it is for Cyprus.

[Demonax]

Cypriot equity market flickers back to life

Cyprus's stock market has rocketed 10.3 per cent today, extending its gains this year to over 62 per cent and surpassing Dubai's bourse as the best-performing exchange in the world in 2014.

The tiny, illiquid exchange lost over 95 per cent of its value between its 2007 peak and the end of 2011, as Greece's crisis clobbered the country and in effect meant its banks were insolvent. Since then the Cyprus General Market Index has flatlined, as the subsequent international bailout further depressed the economy.

But since the turn of February the exchange has been resuscitated by somewhat better tidings.

Cyprus's troika of lenders – the European Commission, the European Central Bank and the International Monetary Fund – earlier this month published a cautiously positive report on the country, estimating that the economy only contracted 6 per cent last year – compared to the 8 per cent expected.

‘Cyprus's program remains on track, with the macro-fiscal outturn better than expected. Fiscal targets for 2013 have been met with considerable margin, due to both continued prudent budget execution and a less severe recession than anticipated.’

George Zois, head of Greek equities at Exotix, a brokerage, stresses that the exchange is "exceptionally shallow," with only 12 companies listed.

Sparse trading means that any marginal increase in volume pushes prices up disproportionately. However, he noted that the market's recovery this month reflected the improving newsflow from Nicosia.

‘Cyprus is a good troika student. The doomsday forecasts are not materializing, there is some further easing around banking restrictions and the discussions around uniting the island are moving in the right direction.’

http://www.ft.com/fastft

[Get Real!]

Let that be a good lesson to all those Cypriots who dabbled with Greece/Greeks.

In future… sou tzi gio tha!

[GreekIslandGirl]

Let that be a good lesson to all those Cypriots who dabbled with Greece/Greeks.

In future… sou tzi gio tha!

Let it be a lesson to us as to why we care MORE about bankers than gathering support to free Cyprus!

Never forget, banks are JUST businesses - we gave them too much credence and they nearly brought the country to its knees like the Turks did. All those GC bankers that put the country at risk just for personal gain should face the same penalties as Sampson and his fellow coupists.

Rescuing the bankers has given them tharos and next time they will take MORE. We need to go back to heavily regulating their activities within Banks.

The RoC-EU-Troika should be concerned more about removing the occupation forces than helping the Bankers. Priorities seem to be all wrong ...

[Cap]

Never forget, banks are JUST businesses

True.
But we chose them simply because they're GREEK banks/businesses.
We'll never take poison, unless it's Greek.

[GreekIslandGirl]

Never forget, banks are JUST businesses

True.
But we chose them simply because they're GREEK banks/businesses.
We'll never take poison, unless it's Greek.

*WE* didn't choose anything (unless you are one of those bankers?).

[In your haste to politicize bankers' decisions, you appear to me to be a simpleton, also.]

They (bankers) are businessmen/women - they chose Greek bonds because there was the possibility of making a killing because the Greek people were kidnapped and forced to pay the highest interest rates.

[DT.]

Never forget, banks are JUST businesses

True.
But we chose them simply because they're GREEK banks/businesses.
We'll never take poison, unless it's Greek.

*WE* didn't choose anything (unless you are one of those bankers?).

[In your haste to politicize bankers' decisions, you appear to me to be a simpleton, also.]

They (bankers) are businessmen/women - they chose Greek bonds because there was the possibility of making a killing because the Greek people were kidnapped and forced to pay the highest interest rates.

"We" chose them because they were trading at great discounts offering greater yields. Since the haircut bond managers have returned performances of 100%~110% from 2012 -2013 purely from Greek debt.