Paphitis wrote:
There will be no Tariffs on EU and British goods.
The EU will not countenance the loss of its biggest trader within the EU. Not that there ill be a loss, there will only be a small decline in trade of a few percent which will hit both sides and Germany is not going to fall by the wayside here because of any pride. Capitalism will always prevail. the money will always talk. There will be a trade deal but what Britain needs to do is strengthen its bargaining power and Boris is doing just that.
Secondly, Britain gains a lot from BREXIT. It ensures the maintenance of its political institutions, its Central bank monetary independence and it can enter into trade deals as an independent sovereign country with other third countries like Australia and USA.
No EU members have that.
I never said there was a change when buying any goods. If anything, maybe things became slightly cheaper by 1 or 2%.
But there was a shortchanging in the conversion rate between the Cyprus Pound to Euro and that was very significant. I can't remember the figures exactly, but if the pound was worth nearly 2 euros, Cyprus only got 1.60 Euros per pound on the conversion. I never forgot that and was wondering what that was all about.
You abolished your pound and surrendered all control. Britain does not want to and will never do that. I respect the UK for this. They are holding onto their institutions and don't want to surrender any control. You got to understand that and respect it.
British citizens will lose freedom of movement and settlement among other things.
They will be the only ones among Europeans to need a visa for a simple travel. What an embarrassment!
LR and CG wouldn't even reside in Cyprus if the UK was out of the EU. Their children won't be able to reside at the homes they themselves bought to spend the rest of their lives in Cyprus.
Britain was never obliged to join the Eurozone. And in fact they didn't. The main reason was to be able to keep the GBP overvalued for the benefit of the financial markets. Regardless of the fact that this was damaging their manufacturing sector.
As for our supposed loss Vs the Euro, you are simply wrong.
I just checked my books:
at 19 March 2003 (we were not in the EU) I made a Swift transfer in an EU Country at the exchange rate of 0.585343 (1 CYP=1.708400 Euro)
at 25 Sep 2007 (we were in the EU but not in the Euro) I made a Swift transfer in an EU Country at the exchange rate of 0.58600 (1 CYP=1.706500 Euro
In 2008 we joined the Eurozone and exchanged our CY Pounds to Euro at a fixed exchange rate of 0.585274 (1 CYP=1.708600 Euro)
Where did you discover that 20% loss is beyond me.