Cyprus-Forum.com

[Paphitis]

Farage has resigned. At least he is a man of his word - or is he, since he is not ruling out restanding for election to the leadership.

http://www.theguardian.com/politics/201 ... late-seats

Man of his word.

If he stands, he is asking the party to re-validate another mandate.

[Jerry]

But nevertheless, the EU has left its legacy in Cyprus and Greece and they will bring Spain, Italy and Portugal to its knees as well.

Their legacy is that we didn't go bankrupt which would have put us in a much worse position than we are now!

That's bogus.

I have three words for you: interest rates, stimulus, print

Did Greece or Cyprus even have these as options?

That is because we joined the Eurozone, not because of joining the EU.

Same thing, same shit!



Did they give Cyprus a choice of that as well when they were joining? Why not let Cyprus join the EU and opt out of the Eurozone?

We could have kept our pounds and at the very least we would have had our Central Bank which could do the following:
1) reduce interest rates to 0%,
2) allow the RoC to borrow free money to spend on infrastructure and projects to try stimulate some kind of pulse into the economy, and
3) as a last resort, print and print in a sustainable manner always being careful to not overdo it and create too much inflation.

Of course the above is not the complete solution. Some pain will need to be inflicted on the populace in a measured way so only up to what is bearable for them. So higher taxes, cuts to Education, Health, Defence etc etc. Unfortunately, the people have carried too much of the burden.

Yes the people will need to pay, BUT, in Greece the people got smashed. There has been no respite. The people are at breaking point. They are committing suicide. They have annihilating the entire middle class so all that exists now are the rich and those who are literally below the poverty line.

If I recall the ROC bought Greek bonds shortly before Greece went broke - that was the immediate cause of the crisis. Commie Christofias spent money he didn't have, add to that the sentiment that the government has unlimited funds to pay the bloated civil service, most of them working part time, and you arrive where we are today. Being in the EU has made little difference, outside the EU the commie would have simply printed all the money he needed and the civil servants would have got even fatter.

[Tim Drayton]

Ed Miliband has resigned now.

http://www.theguardian.com/politics/201 ... our-leader

That makes three party leaders. Is that a record?

[Paphitis]

If I recall the ROC bought Greek bonds shortly before Greece went broke - that was the immediate cause of the crisis. Commie Christofias spent money he didn't have, add to that the sentiment that the government has unlimited funds to pay the bloated civil service, most of them working part time, and you arrive where we are today. Being in the EU has made little difference, outside the EU the commie would have simply printed all the money he needed and the civil servants would have got even fatter.

Unfortunately Jerry, there has been a great sense of entitlement that was thrust upon the people when times were good and people were expecting this forever. Everyone wants free education, free health, a great pension, low taxes etc etc.

The politicians were feeding the population for votes and positions in the Public Service.

Greece's problems began under Papandreou in the 80s and these problems were perpetuated ever since. Cyprus' problems began when they joined the Eurozone and continued when the Cyprus Banks began to buy junk Greek Bonds when everyone else wanted to get the hell out.

Don't get me wrong, free education, free health and lower taxes are fantastic. I was lucky enough to live in Australia which provided most of these great social programs. I think it's the best, provided the State can afford it.

If it can't, then people need to be realistic about free education, free health and a Public Sector job. There is only so many cookies in the folky jar and if the State goes bust then you can forget about any education system or health system altogether.

Then there needs to be some fairness too. Tax the people for the services they demand or want but tax the Rich more but only to a point there too. You can't go overboard there either because it's the rich who put people to work and earn a wage.

The system was unfair in both Greece and Cyprus. In fact it's unfair in most countries. Big corporations pay as little as 1% of tax through their tax minimization schemes and corporate structures.

So yes, the people have to pay. They are partly responsible. So austerity is a requirement. But Greece had much more than Austerity. The people are getting smashed, destroyed and they need respite.

Literally, the middle class in Greece has been obliterated. I remember when there was such a class and they were in majority but it has shrunk to almost nothing. This class is the countries engine room. They are the ones who pay for all the services the people want or need, not the poor or the rich.

[Lordo]

I make no secret of the fact that I like him. Can't quite put my finger on it, but he just sounds a little more sensible, and credible than the alternative.

So Congrats to the UK and Cameron.

Does this mean there will be a vote on the EU now?

It's about time countries like UK tell the EU to shove it!

you would do he is a crook like you

[Paphitis]

I make no secret of the fact that I like him. Can't quite put my finger on it, but he just sounds a little more sensible, and credible than the alternative.

So Congrats to the UK and Cameron.

Does this mean there will be a vote on the EU now?

It's about time countries like UK tell the EU to shove it!

you would do he is a crook like you

Well my dear Watson, you just elected a "crook"

Enjoy, and thank your lucky stars that this "crook" is leading Britain out of recession. Am I wrong?

It's about the economy and the "crook" has some runs on the board.

The previous administration got out for a duck.

[Tim Drayton]

A majority of six. Not exactly the resounding victory the press is talking of.

Cameron is able to form a majority government now. We will see what happens. This majority may be whittled down in by-elections which, in the UK, have a habit of producing upsets, and defections. The party seems to have followed a policy of fielding rabid right-wingers in seats where UKIP posed a threat; this could backfire if some of them then defect to UKIP.

[Paphitis]

A majority of six. Not exactly the resounding victory the press is talking of.

Cameron is able to form a majority government now. We will see what happens. This majority may be whittled down in by-elections which, in the UK, have a habit of producing upsets, and defections. The party seems to have followed a policy of fielding rabid right-wingers in seats where UKIP posed a threat; this could backfire if some of them then defect to UKIP.

Won't they then ask their mates the Lib Democrats to join forces in Coalition giving them another 8 seat buffer?

[Tim Drayton]

A majority of six. Not exactly the resounding victory the press is talking of.

Cameron is able to form a majority government now. We will see what happens. This majority may be whittled down in by-elections which, in the UK, have a habit of producing upsets, and defections. The party seems to have followed a policy of fielding rabid right-wingers in seats where UKIP posed a threat; this could backfire if some of them then defect to UKIP.

Won't they then ask their mates the Lib Democrats to join forces in Coalition giving them another 8 seat buffer?

Quite possibly. It seems that the majority is twelve, in fact, which allows room for a bit more attrition.

Do we permanent residents of another EU country having postal votes get to vote in the EU referendum, now slated for 2017? If so, there needs to be a big campaign to get everyone to register because this has a direct impact on us. There are about 2.2 million British citizens living in other EU countries (http://www.bbc.com/news/uk-26324564).

[Tim Drayton]

According to the SNP’s Alex Salmond (now one of the party's new Westminster MPs):

"Although the Tories have an absolute majority now, that's going to erode and change within - well, not even within years, I suspect within months.”

https://uk.news.yahoo.com/salmond-tory- ... ml#g5L9b46