Cyprus-Forum.com

[erolz66]

The EU has already announced that if the UK PARLIAMENT asks for an extension they will grant it!

Hey where's your crown Mr Clown?

You people are a joke. As hard as it is to believe - you really can’t seem to see or understand what’s occurred, right in front of your eyes. Brilliant!

You could always just say what it is you think has occurred that we fail to understand. Of course such assumes you have any actual interest in having us understand what your view / position / opinion is and you likewise ours.

[Pyrpolizer]

The EU has already announced that if the UK PARLIAMENT asks for an extension they will grant it!

Hey where's your crown Mr Clown?

You people are a joke. As hard as it is to believe - you really can’t seem to see or understand what’s occurred, right in front of your eyes. Brilliant!

You could always just say what it is you think has occurred that we fail to understand. Of course such assumes you have any actual interest in having us understand what your view / position / opinion is and you likewise ours.

i actually wanted to respond in similar manner but I thought let's give the man another chance to get off his high horse by himself.

[Paphitis]

They were cooking the books to meet EU criteria.

But no one knew they would have a complete meltdown.

If the banks new that, they would have consolidated the lending portfolios or foreclosed on people earlier to save the crown jewels rather than go under.

What about laiki? I suppose they knew as well.

ALL Banks (including Cypriot and Greek) knew that buying Greek Bonds was a high RISK investment.
I don't know how much information the Greek Banks had, but what is certain is that they didn't know the debt was getting out of control, simply because the Greek Government was hiding data.
The point is that when an economist is provided with false data he can predict nothing.

Yeh they knew it was a high risk because they got a higher return but none of them actually believed they will go bankrupt over it. If they knew that, they would have done things different.

They were making massive profits before the entire house of cards collapsed. they actually thought it was all going very well and you can see that because many of the Banks leaders also had stock holdings in Laiki and BOC.

They probably knew they were on a sinking ship a few months earlier but not years before. They were oblivious. Also, Greek Bonds were not always high risk. They became high risk over a period of time. Greek Bonds were probably similar to any other in the 80s and 90s and possibly early 2000s. Things deteriorated over time. Greece's Credit Rating declined over time and Greek Bonds became junk.

[Paphitis]

"Brexit: MPs give bill to stop no-deal second reading by majority of 29 – live news
Bill passes initial vote by 329 to 300 as prime minister threatens to seek snap general election"
It looks as if the Clown is having a hard time !!

You really can't see it?

An election is inevitable now, and it will be a single issue general election.

BREXIT or NO BREXIT.

And it would seem to me BOJO has a very good chance to win a majority, if not come incredibly close to a majority.

The BREXIT Party is the other wild card which can win about 100 seats also.

In addition, I am not sure if this is true but the Bill needs to pass The House of lords before becoming law and apparently the House of Lords could filibuster it out or not have the vote before OCT 31st. pro Government peers have proposed 86 bills before even talking about this vote which means they might not have the time.

BREXIT happens and then there is an election amid all the chaos.

From my understanding, The House of Lords is more behind BOJO on this.

[Pyrpolizer]

They were cooking the books to meet EU criteria.

But no one knew they would have a complete meltdown.

If the banks new that, they would have consolidated the lending portfolios or foreclosed on people earlier to save the crown jewels rather than go under.

What about laiki? I suppose they knew as well.

ALL Banks (including Cypriot and Greek) knew that buying Greek Bonds was a high RISK investment.
I don't know how much information the Greek Banks had, but what is certain is that they didn't know the debt was getting out of control, simply because the Greek Government was hiding data.
The point is that when an economist is provided with false data he can predict nothing.

Yeh they knew it was a high risk because they got a higher return but none of them actually believed they will go bankrupt over it. If they knew that, they would have done things different.

They were making massive profits before the entire house of cards collapsed. they actually thought it was all going very well and you can see that because many of the Banks leaders also had stock holdings in Laiki and BOC.

They probably knew they were on a sinking ship a few months earlier but not years before. They were oblivious. Also, Greek Bonds were not always high risk. They became high risk over a period of time. Greek Bonds were probably similar to any other in the 80s and 90s and possibly early 2000s. Things deteriorated over time. Greece's Credit Rating declined over time and Greek Bonds became junk.

And your point is???

[erolz66]

An election is inevitable now, and it will be a single issue general election.

BREXIT or NO BREXIT.

The election will not be simply be brexit or revoke / remain. The issue since the referendum is about what form of Brexit the UK should pursue and this will still be the issue in the election.

And it would seem to me BOJO has a very good chance to win a majority, if not come incredibly close to a majority.

Yes he has a chance of winning a majority but it is not something I would put money on personally. He will be wiped out in Scotland likely losing 10 of the 13 seats they currently have there. He has also alienated Tory moderates and remain supporters. These will all have to be replaced by gains from those who support leaving on a no deal basis before he is even back to where he is now.

The BREXIT Party is the other wild card which can win about 100 seats also.

The Brexit party has no chance of winning 100 seats at all. It would be a remarkable result if they could win a single seat let alone 100. The power / leverage they have is not based on an ability to win seats for themselves. It is based on an ability to deny seats being won by the Tories by splitting the leave vote and thus stopping the Tories winning given seats. Of course this will mean that seats then go to labour / lib dems / snp / plaid etc, which is the 'problem' for them. They have an effective 'threat' but in using it they undermine their wider objective. There is more chance that Johnson himself will lose his Uxbridge seat in the next election than there is of the Brexit party winning 100 seats. Certainly the likes of Raab, who 'represent' a constituency that voted to remain in the referendum will be under intense pressure to keep their seats in such an election. I think the most likely result is that the Tories lose seats vs what they currently hold, maybe around 10 net, Labour lose slightly more with the lib dems / snp / plaid picking up these seats, leading to an even more hung Parliament than we currently have.

In addition, I am not sure if this is true but the Bill needs to pass The House of lords before becoming law and apparently the House of Lords could filibuster it out or not have the vote before OCT 31st. pro Government peers have proposed 86 bills before even talking about this vote which means they might not have the time.

Yes a minority of unelected Tory peers are seeking to thwart the will of the elected house of commons by wasting time such that the bill is not passed before next Monday, at which time parliament will be closed down because of Johnson's porouging of it. If this happens then Parliament will reopen on the 17th October, after the EU council meeting at which Johnson claims he will get his 'great deal' from the EU. If he does get a deal then Parliament will have a chance to vote on it. If it is rejected by Parliament or if he does not get a new deal at all (the more likely outcome in my opinion) then we are back exactly where we are now. Parliament will still seek to prevent a no deal exit by default.

From my understanding, The House of Lords is more behind BOJO on this.

Your 'understanding' is wrong. There is no Tory majority in the Lords and no majority there for a no deal exit either. What there is is an opportunity for a minority of un elected Peers to thwart the will of the Commons by delaying any bills the commons might place before them till the 31st, when we leave on a no deal basis by default if new laws stopping this can not be passed.

[Pyrpolizer]

It was obvious from the beginning of all these discussions that

a)The referendum was invalid because the 2nd question (leave the EU) trapped the voters who expected it to be with a deal.
b)The British Governing system lacks the distinction of powers. How on earth can the judiciary (parliament) i) have the power to approve or disprove the result of a referendum ii)Approve or disprove the deal the executive (Theresa May) achieved through hard negotiations
iii) Make a law telling the executive what to do and what not to do as it happened yesterday (telling Bojo cannot leave without a deal!!)

Even here in Cyprus with this messy constitution the parliament makes laws, the laws go to the president for approval/disapproval and the president may turn them down ONLY if they are unconstitutional. Last night's UK parliament law would be clearly unconstitutional in Cyprus.

The moral of this: the British are masters in creating a mess not only in their ex-colonies but at their own home too. Enjoy the mess!

[miltiades]

It has just been announced that the government has abandoned its efforts to delay the bill over a no deal Brexit at the house of Lords and the bill is likely to become law by next week.
Brexit will not happen on October 31st without a deal approved by the House.

[cyprusgrump]

It was obvious from the beginning of all these discussions that

a)The referendum was invalid because the 2nd question (leave the EU) trapped the voters who expected it to be with a deal.
b)The British Governing system lacks the distinction of powers. How on earth can the judiciary (parliament) i) have the power to approve or disprove the result of a referendum ii)Approve or disprove the deal the executive (Theresa May) achieved through hard negotiations
iii) Make a law telling the executive what to do and what not to do as it happened yesterday (telling Bojo cannot leave without a deal!!)

Even here in Cyprus with this messy constitution the parliament makes laws, the laws go to the president for approval/disapproval and the president may turn them down ONLY if they are unconstitutional. Last night's UK parliament law would be clearly unconstitutional in Cyprus.

The moral of this: the British are masters in creating a mess not only in their ex-colonies but at their own home too. Enjoy the mess!

Utter bollox as has been pointed out on here dozens of times before...

I've posted the video on numerous occasions of leavers and remainers pointing out what 'Leave' would mean...

You’ve fallen for the ‘re-framing’ process that the usual suspects indulge in when they want to bamboozle people. There’s no such thing as a ‘Hard Brexit’. Its Remainer code for ‘Leaving the EU’. They’ve renamed ‘Leaving’ as ‘Hard Brexit’, and are now telling you that ‘Leaving’ should mean lots of things that strangely enough seem a lot like stay in the EU.

All the way through the referendum they were telling us that voting to Leave meant exactly what they now term a Hard Brexit – no Single Market access, not being the Customs Union, no free trade deal. This was because at the time they were trying to scare people to stay in the EU. But people voted to Leave anyway.

Having lost the vote, they changed their tune, suddenly Leaving actually meant lots of other things that coincidentally seemed very like staying in the EU – being in the Single Market, accepting EU laws and the ECJ, being in the Customs union. And the thing that they had just months previously defined as ‘Leaving the EU’ was some terrible thing that the ‘Far Right’ was trying to ‘impose’ on the UK.

[erolz66]

It has just been announced that the government has abandoned its efforts to delay the bill over a no deal Brexit at the house of Lords and the bill is likely to become law by next week.
Brexit will not happen on October 31st without a deal approved by the House.

Indeed. So it looks like an election on the 15th October then. Interesting times. Will the Tories campaign on a 'no deal exit and nothing else' manifesto ? If they do not now much damage will the Brexit party be able to do to them ? Will labour stand on a manifesto of a new referendum and if so on what questions and what position will they support in such a referendum ?