Cyprus Bailout

[Vegaanders]

No country should be allowed to consume for borrowed money. Sweden learned that the hard way 20 years ago. But the problem that occured was that with EU and the banks hunger for profit money got very cheap and people fell for that. Now is the time to pay the bill. Many is to blame for the crisis but in my opinion mostly the banks in all forms. Greed caused this crisis. The thing is also that it was really in US it all started and all world fell like a cardhouse

[PeteandSylv]

One of the most important things that I feel Cyprus needs to do is to break the allegiance to Greece. The historic connections are irrelevant and Greece has never done anything positive for Cyprus. The banks' investment in Greece which has caused the current problems was the result of the allegiance rather than sensible financial decisions. This, however, has got to be dealt with and an EU bailout is one valid way. It is one of the (few) benefits of being in the EU club. Should we then get a government in Cyprus with a president that has some slight common sense the country will be well placed to benefit from offshore gas.

Pete

[Geraldine]

Originally Posted by PeteandSylv

One of the most important things that I feel Cyprus needs to do is to break the allegiance to Greece. The historic connections are irrelevant and Greece has never done anything positive for Cyprus. The banks' investment in Greece which has caused the current problems was the result of the allegiance rather than sensible financial decisions. This, however, has got to be dealt with and an EU bailout is one valid way. It is one of the (few) benefits of being in the EU club. Should we then get a government in Cyprus with a president that has some slight common sense the country will be well placed to benefit from offshore gas.

Pete

I apologise in advance for my ignorance but when can we expect to get a new government and, most importantly, a new President, one who doesn't have a foot in another country half the time?

Have a look at this guy. I don't have any allegiance to any party but his opinion sums it up for me.

http://sorisomail.com/email/238743/o...populacao.html <http://sorisomail.com/email/238743/o-politico-que-representa-realmente-a-populacao.html>

[Vegaanders]

Still President and parliament is elected by a majority of the cypriots. So ofc they have got what they want.
Nothing to do about for the expat community. Only the cypriots themself can do something about it in the next election

[Geraldine]

Originally Posted by Vegaanders

Still President and parliament is elected by a majority of the cypriots. So ofc they have got what they want.
Nothing to do about for the expat community. Only the cypriots themself can do something about it in the next election

When is the next election?

[kimonas]

Originally Posted by PeteandSylv

One of the most important things that I feel Cyprus needs to do is to break the allegiance to Greece. The historic connections are irrelevant and Greece has never done anything positive for Cyprus. The banks' investment in Greece which has caused the current problems was the result of the allegiance rather than sensible financial decisions. This, however, has got to be dealt with and an EU bailout is one valid way. It is one of the (few) benefits of being in the EU club. Should we then get a government in Cyprus with a president that has some slight common sense the country will be well placed to benefit from offshore gas.

Pete

I agree with the comment about breaking allegiance with Greece, but the historical connections are hardly irrelevant - the Church (Greek Orthodoxy) still has great influence (and property holdings thanks to their role as tax collectors for the Ottoman Empire from the 17th Century). The future here is bright if only differences could be reconciled, but Cyprus' healthiest option is closer ties to Anatolia and Asia rather than Europe. I suspect the gas and oil advantage has been greatly exaggerated and will be squandered. Incompetent leadership (in Greece and Cyprus) is the root of the problem. But the largest portion of blame must lie with the banks themselves and the complicity of the Commission - they should have scrutinised the Greek books more carefully and should not have admitted Cyprus to the Union until the Cyproblem had been resolved.

[Pam n Dave]

Originally Posted by Geraldine

When is the next election?

February 2013 so not long to wait.

[Geraldine]

Originally Posted by Pam n Dave

February 2013 so not long to wait.

Thanks, will be watching closely.

[Pam n Dave]

Originally Posted by Geraldine

Thanks, will be watching closely.

Register to Vote Geraldine, as your here and will be affected then why not take part.

[Geraldine]

Originally Posted by Pam n Dave

Register to Vote Geraldine, as your here and will be affected then why not take part.

Why not indeed, it's no use moaning about the state of things if you don't take steps to try for change when you have the opportunity.