Cyprus-Forum.com

[Pyrpolizer]

“Il faut savoir que ceux qui nous observent de loin, sont inquiets. J’ai vue et entendue et écouté plusieurs des dirigeants d’autres planètes. Ils sont très inquiets parce qu’ils s’interrogent sur la voie que l’union européenne vas poursuivre. Donc il faut rassurer et les européens et ceux qui nous observent de plus loin”

“You should know that those who observe us from afar, are worried. I have seen and heard and listened to several leaders of other planets. They are very worried because they’re wondering which way the European Union is going. So we have to reassure both the Europeans and those who observe us from further away.”

[Pyrpolizer]

Of course he's also known as Drunker

[GreekIslandGirl]

OK - mad, drunk and extremely bad!

His drinking habits have probably helped Luxembourg become one of the most debt-ridden nations in the world - and now he also wants Cyprus to give him some more drinking money?

[Lordo]

can somebody explain to mad cow woman mrs may how even if she has 100 majority it will not make a blind bit of difference to brexit negotiations. it seems there are two reasons why she has gone for an election now.
1. she is about to lose 30 mps in parliament for fraud
2. she has to begin that explain to the british people how powerless she is when it comes to negotiations. no matter what she asks for she will not get any trade deal negotiations before brexit is agreed and even if she does get some sort of a deal any country in the eu can block it if they feel they have been descriminated.

looking at the countries who will block the deal, spain is infront of the que followed very closely by poland and the rest of the east europeans. i suspect the french will also have a few words to say too.

but if you are after slowly slowly.

enjoy.

[erolz66]

His drinking habits have probably helped Luxembourg become one of the most debt-ridden nations in the world - and now he also wants Cyprus to give him some more drinking money?

Luxembourg has a phenomenal level of external debt but it also has an even more phenomenally large level of assets in the form of external debt of other nations that it owns and is owed to it.

The term 'debt-ridden' implies a level of debt that is 'problematic'. That is not just my definition but that of cambridge dictionary or longman dictionary

To claim 'Luxembourg has become one of the most debt ridden nations in the world', even in terms of external debt, whilst ignoring the external assets it also holds is beyond absurd. The only sensible way to assess how 'debt-ridden' a nation is in terms of external debt, is to look at the net position, or NIIP for short, of that nation.

Luxembourg is not a 'debt ridden' nation. It is a nation that has a positive NIIP, making it in fact a creditor nation. If Luxembourg were to repay all the external debt it owes and claim back all the external debt owed to it it would end up with $31,043 of credit for every person in Luxembourg.

Real debt ridden nations are those where their NIIP is negative and are referred to as debtor nations. The Republic of Cyprus is an external debt ridden nation. If the RoC were to claim back all the external debt owed to it and try and pay back all the external debt it owes, every single person in the RoC would still owe $25,755. Greece is an external debt ridden nation. If Greece were to claim back all the external debt owed to it and try and pay back all the external debt it owes, every single person in Greece would still owe $26,678.

In my view only someone who is either massively ignorant with regards to the external debt of nations or totally divorced from and contemptuous of actual reality when such suits their own prejudice could characterise Luxembourg as 'one of the most debt-ridden nations in the world'. Nothing new here then, just the same old same old.

This post does not represent a return to the forum by me, it's a rare 'one off' post. If anything it represents a 'sorry' to STUD who has had to alone bear the brunt of GiG's vitriol and attacks since I stop posting on the forum, as just about the only remaining poster here willing, in any consistent way, to dare challenge GiG's never ending blatant distortions of reality to suit her prejudices and the inevitable relentless attacks from her that follow such a challenge.

GiG's claim that Luxembourg is one of the most debt ridden nations in the world is just wrong but long and hard experience has shown me that she would never admit that here. Experience has shown me that she would rather spend literally months arguing that she is not wrong despite any and all evidence, that I am wrong and spend months throwing ad hominem attacks at me for pointing out her error. And some have wondered recently why there are so few posters and so few serious discussion of any worth and merit on this forum ?

[Londonrake]

And some have wondered recently why there are so few posters and so few serious discussion of any worth and merit on this forum ?

I have to disagree with that statement. I really don't believe it's correct.

If you look at the list of OPs, you can see that the vast majority are generated by remarkably few people. As with your observation about GIG's posts, you will find that many of them display zero tolerance for any view which differs from their own. Particularly those expressed by somebody who is relatively new to the Forum. If you post something which contravenes their creed, you can find yourself subjected to a totally disproportionate and sometimes quite viciously racist attack.

Such people do not "wonder," or care, about the lack of posters. On the contrary, things are just how they want them to be.

[Pyrpolizer]

Luxembourg is not a 'debt ridden' nation. It is a nation that has a positive NIIP, making it in fact a creditor nation. If Luxembourg were to repay all the external debt it owes and claim back all the external debt owed to it it would end up with $31,043 of credit for every person in Luxembourg.

Paphitis would certainly question the validity of your sources: Australia -31,758

[Pyrpolizer]

And some have wondered recently why there are so few posters and so few serious discussion of any worth and merit on this forum ?

I have to disagree with that statement. I really don't believe it's correct.

If you look at the list of OPs, you can see that the vast majority are generated by remarkably few people. As with your observation about GIG's posts, you will find that many of them display zero tolerance for any view which differs from their own. Particularly those expressed by somebody who is relatively new to the Forum. If you post something which contravenes their creed, you can find yourself subjected to a totally disproportionate and sometimes quite viciously racist attack.

Such people do not "wonder," or care, about the lack of posters. On the contrary, things are just how they want them to be.

If this is true then GIG is actually giving the forum a boost.
Forums don't thrive on agreements,they thrive on disagreements and on turning other people mad, to the point they can't help but respond, often vigorously.
Look what happened to Milti as soon as his personal polls got "banned". What happened to his historical to be mother of all polls?? He just left...
think of it this way: Would Erolz ever respond if it weren't for GIG's post and if GIG was not irritating him so much?
erolz getting mad at GIG's posts is actually becoming a rule in this forum

[supporttheunderdog]

And some have wondered recently why there are so few posters and so few serious discussion of any worth and merit on this forum ?

I have to disagree with that statement. I really don't believe it's correct.

If you look at the list of OPs, you can see that the vast majority are generated by remarkably few people. As with your observation about GIG's posts, you will find that many of them display zero tolerance for any view which differs from their own. Particularly those expressed by somebody who is relatively new to the Forum. If you post something which contravenes their creed, you can find yourself subjected to a totally disproportionate and sometimes quite viciously racist attack.

Such people do not "wonder," or care, about the lack of posters. On the contrary, things are just how they want them to be.

If this is true then GIG is actually giving the forum a boost.
Forums don't thrive on agreements,they thrive on disagreements and on turning other people mad, to the point they can't help but respond, often vigorously.
Look what happened to Milti as soon as his personal polls got "banned". What happened to his historical to be mother of all polls?? He just left...
think of it this way: Would Erolz ever respond if it weren't for GIG's post and if GIG was not irritating him so much?
erolz getting mad at GIG's posts is actually becoming a rule in this forum

I rather thought it was gIG getting made at mine ....

[supporttheunderdog]

post in todays CM
http://cyprusbusinessmail.com/?p=44404

Private debt at 346% of GDP in 2016, central bank says

There is a list here with the NIIPS position
https://en.wikipedia.org/wiki/Net_international_investment_position#List_of_countries_and_Regions_by_net_international_investment_position
Cyprus and Greece are reportedly next to each other in terms of GDP, with (of the list) only Ireland and Iceland in a worst position, and as Erolz66 observes, on that basis Luxemburg is a creditor and the UK is seemingly in a better position than Luxembourg.