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Has the Euro been good for Cyprus?

Benefits and problems from the EU membership.

Do you believe that Cyprus should have joined the Eurozone?


Note: Your vote in this poll is NOT confidential. Your username will be displayed under the option(s) you select

Yes - it was a good decision
4
31%
 
Bananiot, CBBB, kurupetos, Oceanside50
No - we should have kept the Cyprus Pound (Lira)
7
54%
 
cyprusgrump, DrCyprus, FragnaticDeath, Mik, Paphitis, Smiler Brian, supporttheunderdog
It doesn't worry me either way
2
15%
 
bill cobbett, SKI-preo
 
Total votes : 13

Has the Euro been good for Cyprus?

Postby Paphitis » Sun Feb 05, 2012 12:11 pm

This topic has been bought about by another member questioning the UK's commitment to the EU since it decided to opt out of the Eurozone and keep the GBP.

Now my personal opinion about this is that Britain has done the right thing particularly since the Euro is plagued with problems and might not survive until the end of this year according to some analysts. Britain views the GBP as part of its National Identity and sovereignty and the GBP may even be more suitable for their economy. I will leave that one for the economics analysts amongst you.

I start this poll to find out your opinions about the abolition of the CY Pound/Lira. Has Cyprus' entry into the Eurozone been good for Cyprus and its net import economy?

Do you believe it would have been better if Cyprus stayed out of the Eurozone and kept its own CY Pound/Lira?

I for one miss the CY Pound. I do agree with the British point of view that our currency forms part of our National Identity and sovereignty. I also find it difficult to comprehend how the Eurozone is able to set fiscal policy for so many countries to every one's advantage or without being a disadvantage to some.

Is it a coincidence how the CY economy has gone downhill since joining the Eurozone?
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Re: Has the Euro been good for Cyprus?

Postby yialousa1971 » Mon Feb 06, 2012 3:09 am

Ignore. 8)
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Re: Has the Euro been good for Cyprus?

Postby Paphitis » Mon Feb 06, 2012 4:37 am

I wouldn't worry YiaLoser! The content of this thread is beyond your intellect! :lol:

To all other serious forumers, what say you? Do you think that the Eurozone has been good to Cyprus or should the RoC have stuck with the CY Pound?

My opinion is there for all to see.
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Re: Has the Euro been good for Cyprus?

Postby humanist » Mon Feb 06, 2012 7:40 am

got no idea.
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Re: Has the Euro been good for Cyprus?

Postby Bananiot » Mon Feb 06, 2012 8:57 am

This issue has nothing to do with sentiments. The euro literally saved us from the worst during this time of prolonged crisis. Had it not been for the euro, we would probably need to print money and eventually their real value would be next to nothing with a soaring inflation. At least this is what serious economists tell us in Cyprus.
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Re: Has the Euro been good for Cyprus?

Postby CBBB » Mon Feb 06, 2012 9:31 am

Bananiot wrote:This issue has nothing to do with sentiments. The euro literally saved us from the worst during this time of prolonged crisis. Had it not been for the euro, we would probably need to print money and eventually their real value would be next to nothing with a soaring inflation. At least this is what serious economists tell us in Cyprus.


Exactly!
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Re: Has the Euro been good for Cyprus?

Postby eleni » Fri Feb 10, 2012 8:58 pm

Actually I think you should ask this question to anyone who had mortgages & loans that have doubled although wages have halved since the introduction of the Euro
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Re: Has the Euro been good for Cyprus?

Postby Paphitis » Mon Apr 01, 2013 4:03 pm

OK this topic should be resurrected.

Once again, as I have said before, Britain has been smart by staying away!

We went into the Eurozone but if we had the Cyprus Pound we could print and devalue our currency and inflate our debt away. The Government could bail the Banks keeping them alive.

Well it seems that some of you back in early 2012 just had no clue.
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Re: Has the Euro been good for Cyprus?

Postby B25 » Mon Apr 01, 2013 4:16 pm

Paphitis wrote:OK this topic should be resurrected.

Once again, as I have said before, Britain has been smart by staying away!

We went into the Eurozone but if we had the Cyprus Pound we could print and devalue our currency and inflate our debt away. The Government could bail the Banks keeping them alive.

Well it seems that some of you back in early 2012 just had no clue.


My understanding of the euro joining was that it was a pre-requisite to joining the EU.

We also had to have the pound track the euro for a while before the final exchange.

I don't think it was a case of, 'oh let us join the euro boys'
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Re: Has the Euro been good for Cyprus?

Postby cyprusgrump » Mon Apr 01, 2013 4:20 pm

B25 wrote:
Paphitis wrote:OK this topic should be resurrected.

Once again, as I have said before, Britain has been smart by staying away!

We went into the Eurozone but if we had the Cyprus Pound we could print and devalue our currency and inflate our debt away. The Government could bail the Banks keeping them alive.

Well it seems that some of you back in early 2012 just had no clue.


My understanding of the euro joining was that it was a pre-requisite to joining the EU.

We also had to have the pound track the euro for a while before the final exchange.

I don't think it was a case of, 'oh let us join the euro boys'


The UK is in the EU but not the €uro....
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