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SHOULD CYPRUS EXIT THE EURO ZONE

Benefits and problems from the EU membership.

Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby kimon07 » Tue Jul 30, 2013 1:16 pm

GreekIslandGirl wrote:
kimon07 wrote:
miltiades wrote:The next 6 months to a year will be very crucial to Cyprus's economy.

Faced with immeasurable economic difficulties as well as constrains imposed by the EU, the road to recovery will be most difficult, I hope that the spirit of 1974 and the miraculous recovery achieved within a short period of time will prevail once again.


I am between those who believe that Cyprus should NOT join the Eurozone. Remember. The post invasion miracle was achieved because Cyprus could plan and implement its own financial and monetary policies with no tight rules from any external power centers.


The "post-invasion miracle" was allowed precisely to make us "content" and settle for the status quo. The "miracle" we were allowed to "enjoy" was at the expense of looking for justice. The "miracle" was evidence to the perpetrators that they did not have to feel guilty and accountable for any crimes, since Cyprus had "recovered". To the outside world, we were proof that Turkey was not harmful.


Good points indeed. Yes, the miracle did make us feel content and unconcerned. But I don't agree that we were proof that Turkey was not harmful. On the contrary, the comparison between us in the south and them in the north, even today, even after the crisis, was/is the best possible exhibition of the harmfulness of Turkey.

Not looking for and not demanding justice, i.e., the enforcement of the UN and EU resolutions, is indeed a crime for which I will not blame "outsiders". We sould blame our own eudemonism based on high incomes and vulgar show offs of wealth and the attitude of "who cares any more". The kind of attitude which drove 25% of Greek Cypriots to vote FOR the Annan Plan.

Example: Why on earth, haven't we come up all these years (after 2004) with a solution plan to submit to the UN and the EU but we are begging the UN and the USA and I don't know who else to do that for us?? How come we are not pressing and pushing to all the international fora for the UN resolutions regarding the Turkish invasion to be implemented. Are we to blame the Americans or the British or I don't know who else for that?
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby Get Real! » Tue Jul 30, 2013 2:46 pm

GreekIslandGirl wrote:The "post-invasion miracle" was allowed precisely to make us "content" and settle for the status quo. The "miracle" we were allowed to "enjoy" was at the expense of looking for justice. The "miracle" was evidence to the perpetrators that they did not have to feel guilty and accountable for any crimes, since Cyprus had "recovered". To the outside world, we were proof that Turkey was not harmful.

Baloney!

If it were possible to orchestrate financial prosperity for political reasons they’d implement it now too for very good reasons! :lol:
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby GreekIslandGirl » Tue Jul 30, 2013 3:10 pm

kimon07 wrote: But I don't agree that we were proof that Turkey was not harmful. On the contrary, the comparison between us in the south and them in the north, even today, even after the crisis, was/is the best possible exhibition of the harmfulness of Turkey.


I also do not agree that Turkey was not harmful. Of course it has been harmful for Cyprus! But when the outside world looked into Cyprus, they saw that the TCs were content (initially doing well on free GC properties) and TCs pushed only for a complete partition and meanwhile the GCs were prospering financially. So of course this is what they would want to believe - that all is well and no more needs to be done. That it has all been positive and all have settled in to the new "miracle".

We need to demonstrate our suffering and stop being/appearing so self-sufficient. We need the EU!
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby GreekIslandGirl » Tue Jul 30, 2013 3:12 pm

Get Real! wrote:
GreekIslandGirl wrote:The "post-invasion miracle" was allowed precisely to make us "content" and settle for the status quo. The "miracle" we were allowed to "enjoy" was at the expense of looking for justice. The "miracle" was evidence to the perpetrators that they did not have to feel guilty and accountable for any crimes, since Cyprus had "recovered". To the outside world, we were proof that Turkey was not harmful.

Baloney!

If it were possible to orchestrate financial prosperity for political reasons they’d implement it now too for very good reasons! :lol:


I said they "allowed" Cyprus to prosper. Just like now they can dis-allow!
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby Paphitis » Tue Jul 30, 2013 3:22 pm

What a load of bullshit! :roll:

Can't believe the nonsense people write!
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby supporttheunderdog » Tue Jul 30, 2013 4:33 pm

We had this debate about 10 months ago. http://www.cyprus-forum.com/cyprus38929.html

@Flying horse: According to most press reports the EU did not ignore the last Government's request for help, but it was rather the last Government that apparently ignored a lot of possibly sound advice on budgetary control, etc. which might have reduced the amount of help we needed, and possibly avoided the sort of "help" we ended up getting, and which Government then failed to sign up for what was on offer, knowing that Toffee had lost AKEL any chance of winning the election, and leaving this government to carry the can for what we were eventually hit with.

The situation was seemingly not helped by the *ankers, particularly at BOC and Marfin/Laiki as was, who seem to have lent without due regard to the ability of the borrowers to meet repayment terms, (and sorry to Bring Greece into this, because it will only generate heat and not light) piled into Greek government debt big-time. That said the haircut on Greek Government debt only seems to be a part of the problems with our banks, where commercial debt to, e.g, the Orphanides of this world is also a part of the problem.
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