Cyprus-Forum.com

[Paphitis]

Cap, because whatever Greece suffers today, Cyprus will suffer tomorrow!

Exactly. That's why we need to take measures to prevent contamination.
We've done well to isolate ourselves from the contagion thus far.

Well done CY.
http://www.reuters.com/article/2015/03/ ... 4Q20150311

That's right mate.

We need to keep Greece at bay and as far away from Cyprus because the only thing they have not done yet, is sink the island!

[Paphitis]

Ooops....


http://www.bbc.com/news/business-33039360

Yawn!!!

Same story churned out by the BBC every 3 months. As I've said before, it's all about taking it to the brink of a threatened "Grexit" (how many years have they been telling us this one?), the hedge fund managers make trillions betting on it, then it's all sorted at the "last minute" and then they make billions on interest from the Greeks. Same old same old same old story!

Greece and Cyprus are being made to pay the price of needing to be part of this larger Union because of the constant threat from frigging Turkey. They know we are stuck between a rock and a hard place and they are making Greece pay first and then Cyprus pay second. Do not laugh at Greece, Cap, because whatever Greece suffers today, Cyprus will suffer tomorrow!

We need to support Greece to break this cycle - which will help everyone in the long term. Greece is our only hope!

You're kidding yourself to believe Grexit is not on the cards.

They have yet to agree to any terms, which means they get no money. Therefore, default is a big probability in the next few weeks and if that happens, it is highly possible that Greece will be booted from the Eurozone.

[Paphitis]

Ooops....


http://www.bbc.com/news/business-33039360

Yawn!!!

Same story churned out by the BBC every 3 months. As I've said before, it's all about taking it to the brink of a threatened "Grexit" (how many years have they been telling us this one?), the hedge fund managers make trillions betting on it, then it's all sorted at the "last minute" and then they make billions on interest from the Greeks. Same old same old same old story!

Greece and Cyprus are being made to pay the price of needing to be part of this larger Union because of the constant threat from frigging Turkey. They know we are stuck between a rock and a hard place and they are making Greece pay first and then Cyprus pay second. Do not laugh at Greece, Cap, because whatever Greece suffers today, Cyprus will suffer tomorrow!

We need to support Greece to break this cycle - which will help everyone in the long term. Greece is our only hope!

Anyway Kouklitsa, it's friggin, not frigging! I hate when people butcher the Australian Language.

Back on the Greek GREXIT, there are only 2 options.

They are:
1) have an agreement with EU Lenders, or
2) become a financial Pariah and exit the Eurozone.

They have yet to agree to any terms, which means they get no money. Therefore, default is a big probability in the next few weeks and if that happens, it is highly possible that Greece will be booted from the Eurozone. Quantitive Easing has been ruled out by the EU Mafia.

Tsipras has to go to the people and be very honest and blunt with them about all the possibilities. There is no use telling the people what they want to hear, just tell them the truth and have a referendum quickly on whether Greece should accept the EU Deal or reject it. But make sure the people also understand what may happen of they reject the plan. They really do need to know. Let them decide.

This way, Tsipras can wash his hands of this. Honesty is the great liberator and its the best policy.

The situation is very dire to say the least, and both options are shitty. Even the deal will sideline Greece for decades.

[Oceanside50]

Greeks get what they ask for this time... My prediction... By the way the austerity is over..time for the next Econ bubble

[Robin Hood]

Tsipras/Varoufakis understand the way the banks work and will take it to the wire.

As GIG previously said their creditors are the German/French/Nederlands banks and IF Greece does not come to an 'arrangement' and is ejected from the Eurozone, then these banks will suddenly be faced with NPL's running into billions ........... it is the banks that will lose. The banks have the Greek debts down on their books as assets, if they force Greece to default by not coming to an agreement then these become toxic assets. Greece will then return to a sovereign currency and the economy will recover because the burden of debt + interest will have been removed.

My bet? The EU WILL have to accept what Greece offers ................ I don't see the EU (and the ECB) as having anything to gain from forcing Greece out of the Eurozone, but a lot to lose if they do.

[Get Real!]

Tsipras/Varoufakis understand the way the banks work and will take it to the wire.

As GIG previously said their creditors are the German/French/Nederlands banks and IF Greece does not come to an 'arrangement' and is ejected from the Eurozone, then these banks will suddenly be faced with NPL's running into billions ........... it is the banks that will lose. The banks have the Greek debts down on their books as assets, if they force Greece to default by not coming to an agreement then these become toxic assets. Greece will then return to a sovereign currency and the economy will recover because the burden of debt + interest will have been removed.

My bet? The EU WILL have to accept what Greece offers ................ I don't see the EU (and the ECB) as having anything to gain from forcing Greece out of the Eurozone, but a lot to lose if they do.

Not quite. You’d better have a look at this article/illustration of lenders…

(Keep scrolling down to reveal the lenders)

“Who Loaned Greece the Money - Detail by Lender”

http://demonocracy.info/infographics/eu ... greek.html

I expect the Tsirpas government to resign soon followed by early elections.

[GreekIslandGirl]

Tsipras/Varoufakis understand the way the banks work and will take it to the wire.

As GIG previously said their creditors are the German/French/Nederlands banks and IF Greece does not come to an 'arrangement' and is ejected from the Eurozone, then these banks will suddenly be faced with NPL's running into billions ........... it is the banks that will lose. The banks have the Greek debts down on their books as assets, if they force Greece to default by not coming to an agreement then these become toxic assets. Greece will then return to a sovereign currency and the economy will recover because the burden of debt + interest will have been removed.

My bet? The EU WILL have to accept what Greece offers ................ I don't see the EU (and the ECB) as having anything to gain from forcing Greece out of the Eurozone, but a lot to lose if they do.

Not quite. You’d better have a look at this article/illustration of lenders…

(Keep scrolling down to reveal the lenders)

“Who Loaned Greece the Money - Detail by Lender”

http://demonocracy.info/infographics/eu ... greek.html

I expect the Tsirpas government to resign soon followed by early elections.

So the bulk is from IMF/World and European banks. How is that distribution significant? Is it different to how other European countries obtain their loans (apart from money-forging UK, of course)?

[Get Real!]

So the bulk is from IMF/World and European banks. How is that distribution significant? Is it different to how other European countries obtain their loans (apart from money-forging UK, of course)?

I’m not suggesting it’s any different to debt accrued by other countries but RH painted a rosy picture of the lenders only being French, Italian, and German banks and therefore no big deal in refraining from paying them but it turns out that the French, Italian, and German banks have made the smallest loans to Greece.

The real picture is a lot more serious because it doesn’t just involve loans from commercial institutions (civil court matters) but also from global bodies like the IMF and sovereign nations, which can lead to political ramifications.

If this continues long enough it may be seen by international bodies like the UN that the Tsirpas government is a rogue leadership intentionally holding back the nation from tending to its legal obligations and duties thereby hampering order and progress and jeopardizing the nation as a whole, which may lead to international arrest warrants (Interpol) issued for the Tsirpas crew and a puppet government installed in Greece by the international community.

[Paphitis]

So the bulk is from IMF/World and European banks. How is that distribution significant? Is it different to how other European countries obtain their loans (apart from money-forging UK, of course)?

I’m not suggesting it’s any different to debt accrued by other countries but RH painted a rosy picture of the lenders only being French, Italian, and German banks and therefore no big deal in refraining from paying them but it turns out that the French, Italian, and German banks have made the smallest loans to Greece.

The real picture is a lot more serious because it doesn’t just involve loans from commercial institutions (civil court matters) but also from global bodies like the IMF and sovereign nations, which can lead to political ramifications.

If this continues long enough it may be seen by international bodies like the UN that the Tsirpas government is a rogue leadership intentionally holding back the nation from tending to its legal obligations and duties thereby hampering order and progress and jeopardizing the nation as a whole, which may lead to international arrest warrants (Interpol) issued for the Tsirpas crew and a puppet government installed in Greece by the international community.

Not to mention the fact that Cyprus is also listed as a lender, which means dire consequences for Cyprus if Greece actually defaults or Cyprus ends up with another write down like last time.

That 6 Billion in write downs was 30% of our GDP that just vanished overnight. How they expect a small country to survive that is beyond me.

Surely they can't do this to Cyprus again, because the last one took us to the edge.

The other issue is that if the Eurozone write down Greece's debt, then they will have to do the same for Italy, Spain, Ireland and Portugal. Greece's debt is not that big for the Eurozone and markets to weather, but when you talk about the Spanish or Italian Debt, then there won't be a Bank or economy left standing and that includes Germany as well.

So I think what they are doing to Greece is in actual fact a message to all countries to get their act together quickly. Greece should get a write down in my opinion but Cyprus has already paid a HUGE price already so they better leave the RoC's interests alone.

[GreekIslandGirl]

So the bulk is from IMF/World and European banks. How is that distribution significant? Is it different to how other European countries obtain their loans (apart from money-forging UK, of course)?

I’m not suggesting it’s any different to debt accrued by other countries but RH painted a rosy picture of the lenders only being French, Italian, and German banks and therefore no big deal in refraining from paying them but it turns out that the French, Italian, and German banks have made the smallest loans to Greece.

The real picture is a lot more serious because it doesn’t just involve loans from commercial institutions (civil court matters) but also from global bodies like the IMF and sovereign nations, which can lead to political ramifications.

If this continues long enough it may be seen by international bodies like the UN that the Tsirpas government is a rogue leadership intentionally holding back the nation from tending to its legal obligations and duties thereby hampering order and progress and jeopardizing the nation as a whole, which may lead to international arrest warrants (Interpol) issued for the Tsirpas crew and a puppet government installed in Greece by the international community.

That's fine - Greece contributes to the IMF anyway. But for the moment, Tsipras is not withholding ANY payments. They have till the end of the month not yesterday or today as the propaganda suggest. They're all face-saving, Tsipras leaving it till the last minute until they reach the much-needed compromise to slow down the austerity measures which are not helping anyone. Meanwhile, the banks are making even more money. Delays or no delays. They don't lose - unless someone breaks this cycle! It only helps the banks. Why are we stuck in this madness?

The only ace Tsipras holds which previous Greek governments didn't have is Putin. He almost came to the table with Merkel thanks to Christofias and then the USA managed to drive another stake through that bit of progress. And look what happened to Cyprus as soon as we lost Christofias-Putin. Hopefully, this government realises that significant partnership enough to continue to stay close to Russia.

Imagine an EU-Russia super-state - that's what the USA is trying to prevent. For sure, World War II never ended ...