The Best Cyprus Community

Skip to content


The Euro Zone Mess

Everything related to politics in Cyprus and the rest of the world.

Re: The Euro Zone Mess

Postby cyprusgrump » Thu Jun 14, 2012 10:21 am

Maximus wrote:All you right has been factored into my initial statement already.

The rest is just your speculation.

you still have not disproved my initial statement.


Yes, all the bailout stuff and Italy borrowing money to pay Spain is all my speculation.... :roll:

Okay, I concede - you have the advantage on me....

You are just going to post "you still have not disproved my initial statement" in reply to everything I state without making any meaningful points...

Well done you... :roll:
User avatar
cyprusgrump
Main Contributor
Main Contributor
 
Posts: 6594
Joined: Thu Sep 01, 2005 4:35 pm
Location: Pissouri, Cyprus

Re: The Euro Zone Mess

Postby Maximus » Thu Jun 14, 2012 10:28 am

cyprusgrump wrote:
Maximus wrote:All you right has been factored into my initial statement already.

The rest is just your speculation.

you still have not disproved my initial statement.


Yes, all the bailout stuff and Italy borrowing money to pay Spain is all my speculation.... :roll:

Okay, I concede - you have the advantage on me....

You are just going to post "you still have not disproved my initial statement" in reply to everything I state without making any meaningful points...

Well done you... :roll:


You have not made any meanigful points either, you have rehashed the things you are reading on the news today. so what?

Are you fearful of an EU collapse today even though it is in no worse a situation that it was in 2004? what is your point in opposition to my statement that you cant disprove?
Maximus
Main Contributor
Main Contributor
 
Posts: 4274
Joined: Wed Aug 10, 2011 7:23 pm

Re: The Euro Zone Mess

Postby cyprusgrump » Thu Jun 14, 2012 10:42 am

Maximus wrote:
cyprusgrump wrote:
Maximus wrote:All you right has been factored into my initial statement already.

The rest is just your speculation.

you still have not disproved my initial statement.


Yes, all the bailout stuff and Italy borrowing money to pay Spain is all my speculation.... :roll:

Okay, I concede - you have the advantage on me....

You are just going to post "you still have not disproved my initial statement" in reply to everything I state without making any meaningful points...

Well done you... :roll:


You have not made any meanigful points either, you have rehashed the things you are reading on the news today. so what?

Are you fearful of an EU collapse today even though it is in no worse a situation that it was in 2004? what is your point in opposition to my statement that you cant disprove?


Precisely... :roll:

It matters not if I have re-hashed anything that has appeared in the news does it? The bailouts, the mountain of debt, the perilous state of economies within the €urozone are indisputable facts!

Although many predicted that this would be the outcome, these consequences were not happening in 2004. Not that I remember anyways.... :?
User avatar
cyprusgrump
Main Contributor
Main Contributor
 
Posts: 6594
Joined: Thu Sep 01, 2005 4:35 pm
Location: Pissouri, Cyprus

Re: The Euro Zone Mess

Postby Maximus » Thu Jun 14, 2012 10:55 am

I dont beleive that the EU will collapse as a consequence of this. There is nothing new happening today that has not already happened before.

This is a natural economic cyclical pattern, the monetary system revolves around debt and wealth just gets redistributed.
Maximus
Main Contributor
Main Contributor
 
Posts: 4274
Joined: Wed Aug 10, 2011 7:23 pm

Re: The Euro Zone Mess

Postby GreekIslandGirl » Thu Jun 14, 2012 12:10 pm

I agree with Maximus. The Euro has gone from strength to strength in the last several years. It is now just behind the dollar. Let's not forget Iraq was invaded to prevent Saddam moving over to using the Euro for Oil barrels rather than the dollar.

The dollar has been instrumental in creating the crisis in the eurozone; an attempt to weaken its main rival.

Greece was just the scapegoat, an easy target because it also represented democracy which is the only leveler against the unregulated capitalism which the Dollar loves!
User avatar
GreekIslandGirl
Main Contributor
Main Contributor
 
Posts: 8954
Joined: Sat Oct 15, 2011 1:03 am

Re: The Euro Zone Mess

Postby Maximus » Thu Jun 14, 2012 12:49 pm

This started with the US, freddie Mac and fannie Mae!
Maximus
Main Contributor
Main Contributor
 
Posts: 4274
Joined: Wed Aug 10, 2011 7:23 pm

Re: The Euro Zone Mess

Postby wyoming cowboy » Thu Jun 14, 2012 1:24 pm

There is a huge tug of war between the US and the Eu when the devalued dollars eventually come into the system and the euro is not devalued, then who will want to hold their dollars in comparison to holding euros....but the US does have a lot of leverage within the Eu

http://www.bloomberg.com/news/2011-10-3 ... endum.html
http://www.bbc.co.uk/news/business-15567853

and then this

http://www.defencegreece.com/index.php/ ... -to-greece

notice the dates on the articles, one event leads to another which leads to another.
User avatar
wyoming cowboy
Regular Contributor
Regular Contributor
 
Posts: 1756
Joined: Thu Dec 11, 2008 2:15 am

Re: The Euro Zone Mess

Postby bsharpish » Thu Jun 14, 2012 2:40 pm

That's right .... There is no economic crisis in the Eurozone or wider economic environment

Just household names vanishing from the high street here and elsewhere
International corporations circling the drain and dumping jobs with others failing completely - Nokia, Sony , American airlines, Kodak , RIM, Toshiba, Saab , HP, yahoo ,
Empty shops/bars and restaurants everywhere in Paphos/ Limassol.
Bank runs
Countries with 20 % general unemployment and 50% youth Unemployment.
Austerity.
Wholesale changes of goverment .
Collapse of the property market in most developed countries.


And personally .....

Most of my customers in Cyprus have seen sales fall 70% between 2007 and 2012- several have gone bust.... Fortunately I quickly diversified as I read the signs early.

A close Cypriot friend who has worked for a major bank here confided the following " I've worked for this bank for 20 years most of it spent in finance to the general public - since 2009 we have more people in the collections department than the loans department ....... I hate having to take people's cars, houses and possessions as its something we never used to do here".



But hey .... There's no crisis at all and nothing's changed since 2004 :roll: :roll: :roll:
User avatar
bsharpish
Contributor
Contributor
 
Posts: 453
Joined: Tue Feb 16, 2010 4:53 pm
Location: The magical kingdom of Itsasecret

Re: The Euro Zone Mess

Postby Maximus » Thu Jun 14, 2012 3:08 pm

It depends on your perspective,

there is no crisis for me, just an untold amount of opportunities to thrive on,

I making more money now, than I have ever made before.
Maximus
Main Contributor
Main Contributor
 
Posts: 4274
Joined: Wed Aug 10, 2011 7:23 pm

Re: The Euro Zone Mess

Postby cyprusgrump » Thu Jun 14, 2012 3:52 pm

Maximus wrote:It depends on your perspective,

there is no crisis for me, just an untold amount of opportunities to thrive on,

I making more money now, than I have ever made before.


We're not talking about personal perspectives.... :roll:

You stated: -

Maximus wrote:After it has all been said and done, the eurozone is no worse off than what it was in 2004.


Which by any stretch of the imagination or GIG fantasy vision is patently untrue! :lol: :lol: :lol:
User avatar
cyprusgrump
Main Contributor
Main Contributor
 
Posts: 6594
Joined: Thu Sep 01, 2005 4:35 pm
Location: Pissouri, Cyprus

PreviousNext

Return to Politics and Elections

Who is online

Users browsing this forum: No registered users and 1 guest