Cyprus Bailout

[Vegaanders]

Now Cyprus has applied for bailout.

But the level is very tiny. 4 billion Euro to secure the banksector

[virgil]

Some interesting comments following this article:

Cyprus applies for EU bailout — RT

[Vegaanders]

Interesting that so many want Russia to help instead. But it seems they were not interested this time

[LcM]

I heard some overreacting conspiracy that they're taking the Russian's money to put on the side, while feeding of the EU as well?

[Vegaanders]

Originally Posted by LcM

I heard some overreacting conspiracy that they're taking the Russian's money to put on the side, while feeding of the EU as well?

That means that both these lenders are stupid, I really dont think so. But fun

[virgil]

Cyprus may need a bailout equal to half of its economy:

Cyprus may need a bailout equal to half of its economy ? officials — RT

[SWJ]

No point asking UK for dosh!

On another note: I have just seen the programme on BBC3 about Greece. It was a documentary type of programme with this journalist who visited Athens and one or two families. I never knew things were that bad and I really feel for the young people of Greece.

[Vegaanders]

This half of the economy bailout is around 10 billion Euro, Greece has got 240 billion. I am sure they will get it, the interesting is what demands come along with the money.
With nop money in the banks, a already bad property market will be even worse and will stay so for many years ahead

[Veronica]

Originally Posted by SWJ

No point asking UK for dosh!

On another note: I have just seen the programme on BBC3 about Greece. It was a documentary type of programme with this journalist who visited Athens and one or two families. I never knew things were that bad and I really feel for the young people of Greece.

It is hard to feel sorry for the people of Greece as their problems have been caused by their laziness and their refusal to pay thier taxes. There is a large Greek community in Australia and many of them were being interviewed recently about the greek crisis. They said they have no sympathy for their fellow countrymen who refuse to do anything to help themselves, just moan and go on strike everytime the government makes any effort to sort out the problems.
It is Greece who has been the main cause of Cyprus problems but thank heavens Cyprus being such a small country and having the promise of the gas and oil in the future we will pull through this.
As Anders says though, the property market is suffering as it is very difficult to get mortgages these days so sellers have to rely on cash buyers. On the other hand though cash buyers are in a very strong position to get bargains.

[SWJ]

Originally Posted by Veronica

It is hard to feel sorry for the people of Greece as their problems have been caused by their laziness and their refusal to pay thier taxes. There is a large Greek community in Australia and many of them were being interviewed recently about the greek crisis. They said they have no sympathy for their fellow countrymen who refuse to do anything to help themselves, just moan and go on strike everytime the government makes any effort to sort out the problems.
It is Greece who has been the main cause of Cyprus problems but thank heavens Cyprus being such a small country and having the promise of the gas and oil in the future we will pull through this.
As Anders says though, the property market is suffering as it is very difficult to get mortgages these days so sellers have to rely on cash buyers. On the other hand though cash buyers are in a very strong position to get bargains.

You can't tarnish all people the same Veronica. The problems in Greece were not caused by the young people there but buy politicians who call the shots. The program also reiterated the corruption in Greece and the tax dodging by wealthy businessmen, it's not the young people who are avoiding paying tax. Many people who work in the public sector have lost their job because of these tax dodgers and politicians who have made mistake after mistake (when spending the money of Greece).

It is good that Cyprus has the oil and gas but what if they didn't? Begging to the EU like this will only encourage other countries to get down on one knee IMHO!