Cyprus-Forum.com

[Lordo]

aaaaaaaaaaaaaaaaaaaaaaaaanyway
whats going to happen tomorrow once the supreme court

are they simply going back for a day and prorogue parliament hoping that this time its legal and will they be allowed to do that or will they be stopped before then.

i would let him prorogue parliemtn. do the queen speech and let them go to negotiations. once we reach 19th of october he cannot prorogue parliament becasue of the motion pased about northern ireland so they will have to return back to parliament.

then what?

come on brexshitters give us some idea what will happen?

oh and by the way on a scale of 1 to 10 how democratic is this suspending parliament.

[Pyrpolizer]

Um...

ECB to restart QE from October

The European Central Bank (ECB) will cut its deposit rate next week and announce a restart of quantitative easing (bond purchases) program from October, according to the latest Reuters poll of nearly 70 economists conducted between Aug. 29-Sept. 3.

Key points (Source: Reuters)

Nearly 90% of respondents expected the ECB to announce the restarting of its money printing presses, with monthly purchases of €30 billion from October.
Almost 90% of respondents said the ECB would introduce some form of compensation for banks to offset the unwelcome side-effects of negative interest rates.
Nearly 70 economists were expecting the ECB to cut its deposit rate at its Sept. 12 meeting, with the vast majority predicting a 10 basis point reduction to -0.5%.
Note that the Eurozone money markets are now pricing a 60% chance of a 20 basis point cut in the deposit rate from the current minus 0.4%.

Yep, issuing bonds is another way. However when done by ECB is not aimed to help any particular country, but the whole of the Eurozone.

[Paphitis]

You didn't answer my question. Do you think the Italians, the Spanish and the Portuguese are stupid for not abandoning the Euro and reverting to their old currencies?

It's very early days for that.

No I do not think they are stupid.

Every attempt by ANYONE to leave the EU has been undermined and interfrered with by the EU - Irish and Dutch referendums. Now all eyes on the UK.

We are not talking for leaving the EU! We are talking for leaving the Euro currency.

Cyprus can't leave ever.

Greece, Italy, Spain and others like Austria and Hungary can.

Greece almost got kicked out.

The biggest mistake Greece and Cyprus made in their entire history after what they both did to bring about the Turkish Invasion and betrayal, was to abolish the Drachma and Cyprus Pound.

[Paphitis]

[Pyrpolizer]

In the USA and Australia and also in the UK, our Central Banks do print money and they have done that forever.

Our Central Banks raise and reduce interest rates and control lending. They control the pace of inflation and the rate our economies grow or decline. Right now, they are trying to stimulate our economies by reducing borrowing costs. Thanks to our Central banks and their managment, our economies have been growing in adverse headwind conditions.

I agree with this completely. It serves us well and we are lucky to have complete control of our fiscal and monetary policies.

If Greece and Cyprus had this power they would not have had as big a disaster as they did during the GFC.

Your Central Bank does it, but in the end it's upto the private Banks themselves to set their own interest rates.
The same happens in the Eurozone. And the interest rates for loans today are remarkably low.
However the private Banks (in Cyprus at least) are very hesitant in giving loans...

If Greece and Cyprus had this power they would simply collapse later...
Nobody can leave on loans forever.

[Paphitis]

In the USA and Australia and also in the UK, our Central Banks do print money and they have done that forever.

Our Central Banks raise and reduce interest rates and control lending. They control the pace of inflation and the rate our economies grow or decline. Right now, they are trying to stimulate our economies by reducing borrowing costs. Thanks to our Central banks and their managment, our economies have been growing in adverse headwind conditions.

I agree with this completely. It serves us well and we are lucky to have complete control of our fiscal and monetary policies.

If Greece and Cyprus had this power they would not have had as big a disaster as they did during the GFC.

Your Central Bank does it, but in the end it's upto the private Banks themselves to set their own interest rates.
The same happens in the Eurozone. And the interest rates for loans today are remarkably low.
However the private Banks are very hesitant in giving loans...

If Greece and Cyprus had this power they would simply collapse later...
Nobody can leave on loans forever.

Oh I think you will find that the Central Banks have a lot of control and dictate the interests rates of all the Banks.

There has been cases where 1 or 2 banks have not passed on the full rate cuts or did not raise interests rates but the repercussions from the Central Banks are massive fines, because when the Banks do that, they undermine Central Bank fiscal policy and measures designed to achieve an outcome. Most of the time, the Banks have however passed on the full adjustment, because there is usually a backlash if they don't and they lose customers as well.

People in the USA and Australia change financiers regularly. It's very cheap to do and depending on the discounted rate, you can save thousands per year so the Banks are very conscious about their competitiveness and the market is very competitive.

There is a reason why a Central Bank moves interest rates. they don't do it for fun.

[Pyrpolizer]

You didn't answer my question. Do you think the Italians, the Spanish and the Portuguese are stupid for not abandoning the Euro and reverting to their old currencies?

It's very early days for that.

No I do not think they are stupid.

Every attempt by ANYONE to leave the EU has been undermined and interfrered with by the EU - Irish and Dutch referendums. Now all eyes on the UK.

We are not talking for leaving the EU! We are talking for leaving the Euro currency.

Cyprus can't leave ever.

Greece, Italy, Spain and others like Austria and Hungary can.

Greece almost got kicked out.

The biggest mistake Greece and Cyprus made in their entire history after what they both did to bring about the Turkish Invasion and betrayal, was to abolish the Drachma and Cyprus Pound.

You are going round in circles: Answer the simple question why isn't Italy leaving the Euro currency?

[Paphitis]

You didn't answer my question. Do you think the Italians, the Spanish and the Portuguese are stupid for not abandoning the Euro and reverting to their old currencies?

It's very early days for that.

No I do not think they are stupid.

Every attempt by ANYONE to leave the EU has been undermined and interfrered with by the EU - Irish and Dutch referendums. Now all eyes on the UK.

We are not talking for leaving the EU! We are talking for leaving the Euro currency.

Cyprus can't leave ever.

Greece, Italy, Spain and others like Austria and Hungary can.

Greece almost got kicked out.

The biggest mistake Greece and Cyprus made in their entire history after what they both did to bring about the Turkish Invasion and betrayal, was to abolish the Drachma and Cyprus Pound.

You are going round in circles: Answer the simple question why isn't Italy leaving the Euro currency?

They will leave. be patient!

https://www.politico.eu/article/opinion ... ro-reform/

Italy will fight the bastards.

[cyprusgrump]

whats going to happen tomorrow once the supreme court

If we knew what was going to happen it wouldn't have needed to have gone to the Supreme Court...

I do find it fascinating that a court can judge on the content of a private conversation between Her Maj and the PM... Moreover, the PM isn't even required to give a reason for Prorogation, he just recommends it and she accepts... They could have been talking about the footy or the traffic as far as anybody knows...

The fascinating thing about these court cases though, they are completely unprecedented... I mean, dragging political decisions like Prorogation through the courts is unheard of...

And the most fascinating thing of course is that taking unprecedented steps sets a precedent....

So if (as you hope) Boris gets chucked out and Steptoe (Corbyn, not Milti) gets the top job he can now expect to face the same legal challenges to everything he tries to do...

You should be careful what you wish for...

[Pyrpolizer]

In the USA and Australia and also in the UK, our Central Banks do print money and they have done that forever.

Our Central Banks raise and reduce interest rates and control lending. They control the pace of inflation and the rate our economies grow or decline. Right now, they are trying to stimulate our economies by reducing borrowing costs. Thanks to our Central banks and their managment, our economies have been growing in adverse headwind conditions.

I agree with this completely. It serves us well and we are lucky to have complete control of our fiscal and monetary policies.

If Greece and Cyprus had this power they would not have had as big a disaster as they did during the GFC.

Your Central Bank does it, but in the end it's upto the private Banks themselves to set their own interest rates.
The same happens in the Eurozone. And the interest rates for loans today are remarkably low.
However the private Banks are very hesitant in giving loans...

If Greece and Cyprus had this power they would simply collapse later...
Nobody can leave on loans forever.

Oh I think you will find that the Central Banks have a lot of control and dictate the interests rates of all the Banks.

There has been cases where 1 or 2 banks have not passed on the full rate cuts or did not raise interests rates but the repercussions from the Central Banks are massive fines, because when the Banks do that, they undermine Central Bank fiscal policy and measures designed to achieve an outcome. Most of the time, the Banks have however passed on the full adjustment, because there is usually a backlash if they don't and they lose customers as well.

People in the USA and Australia change financiers regularly. It's very cheap to do and depending on the discounted rate, you can save thousands per year so the Banks are very conscious about their competitiveness and the market is very competitive.

There is a reason why a Central Bank moves interest rates. they don't do it for fun.

Are you claiming the Central Bank dictates the private Banks the exact figure of what their own interest rates should be?