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SHOULD CYPRUS EXIT THE EURO ZONE

Benefits and problems from the EU membership.

SHOULD CYPRUS EXIT THE EURO ZONE

Postby miltiades » Mon Jul 29, 2013 8:24 am

I have always supported Cyprus's entry into the EU, mainly believing that politically it would be a way forward to re uniting our island, as well as offering a permanent security blanket as part of a larger European entity. It did not happen and it is highly unlikely that the EU, who has thus far NEVER demanded Turkeys withdrawal from Cyprus, will do so in the near future.

I also supported our entry into the Euro zone although I had serious reservations at the level of entry ie. 1.71 euros to the CY pound.

Underestimated the blatant corruption and insatiable greed of the Cypriot banking and large business section.

Those with financial power, it seems, focused on one and only one goal. The enrichment of their personal coffers.

As a result of the highly extravagant entry rate into the Euro, Cyprus lost its competitiveness on tourism, an area that Cyprus ought to have concentrated upon and not the Financial ( money laundering- loan commissions ) that benefited the elite few.

Cyprus as a result of its high entry into Euro became one of the most ludicrously expensive tourist destinations.

Our airports became some of the most expensive in Europe, landing fees at the highest end of the European norm.

Having studied the following links I have now concluded that our future its not certain in the Euro zone. Our banks have committed the ultimate. STOLE OUR MONEY.

The Washington Post:
http://www.washingtonpost.com/blogs/won ... -and-lose/

Why Cyprus must leave the euro:
http://blogs.reuters.com/felix-salmon/2 ... -the-euro/

Cyprus Can Save Itself by Fleeing the Euro:
http://www.bloomberg.com/news/2013-04-0 ... -euro.html
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby GreekIslandGirl » Mon Jul 29, 2013 10:58 am

The EU has only just started. Already the Euro is becoming more powerful than the dollar. It's only the USA that wants the EU to fall apart now. I wonder why? :roll:

Greece, and now Cyprus, have invested too much into this (EU) emerging superpower to wish to see it destroyed and leave themselves exposed to an ever-ready Turkey.

Instead, the EU should look at what the USA did next, once the dollar became the world's currency, and learn - because the Euro is fast becoming the global resource.
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby GreekIslandGirl » Mon Jul 29, 2013 11:07 am

And there is of course the euro, which, make no mistake, is in great shape. True, Eurocrat legitimacy is suffering because of the euro crisis, even in Germany the currency is losing support. But the euro crisis is purely for internal consumption, to sucker the nations into surrendering budget responsibility to Brussels. This is the final frontier for a full blown EU federalist Super State. While the euro is deeply hated, this is not really a problem for the Money Power: it isn’t in this business to make friends and it does not mind a big fight. It only fears real alternatives and these are nowhere to be seen. There is nobody proposing anything real, people are just letting off steam. Once they get their fiscal union, the crisis will quickly end. People have a short memory.

The euro was designed to be eventually backed by Gold and the ECB has enough of the stuff to be ready for the coming transition.


http://realcurrencies.wordpress.com/201 ... ng-dollar/

Then we move on to freeing all our eurozone territories ...
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby Paphitis » Mon Jul 29, 2013 11:24 am

GreekIslandGirl wrote:The EU has only just started. Already the Euro is becoming more powerful than the dollar. It's only the USA that wants the EU to fall apart now. I wonder why? :roll:

Greece, and now Cyprus, have invested too much into this (EU) emerging superpower to wish to see it destroyed and leave themselves exposed to an ever-ready Turkey.

Instead, the EU should look at what the USA did next, once the dollar became the world's currency, and learn - because the Euro is fast becoming the global resource.



You're dreaming in thinking the Euro is more powerful than the USD and thinking it is a superpower when they can't agree on anything. :lol:

They are also free to do what they want. They can inflate (print) if they have to.

The EU is just a Trade Block or Common Market to help Germany sell cars. The superpower labels are best left to US and China. :wink:

Also, your post is the ultimate insult to both Greece and Cyprus!

Greece, and now Cyprus, have invested too much into this (EU) emerging superpower to wish to see it destroyed and leave themselves exposed to an ever-ready Turkey.


What you're saying here, is that both Greece and Cyprus are too stupid to be able to look after themselves. :roll:

In all bloody honesty Oracle! I really hate this type of stupid and insulting attitude. It really is a pathetic joke how people like you seem to think that Greece and Cyprus won't be able to protect their interests even against Turkey.

Can't bloody believe the defeatist and negativity oozing from your posts. When I criticize it is because I want both to lift their game. I also believe they are capable of anything. You on the other hand just called all Greeks and Cypriots stupid nincompoops!!! :roll:
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby Demonax » Mon Jul 29, 2013 1:14 pm

Some reasons why Cyprus should stay in the euro (for the time being at least)...

Quitting the Euro Wouldn't Be a Good Choice for Cyprus
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby Demonax » Mon Jul 29, 2013 1:18 pm

Here is a video of father and son economists, Costas and Alex Apostolides, arguing on the pros and cons of leaving the Euro:

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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby miltiades » Tue Jul 30, 2013 7:58 am

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.
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby Flying Horse » Tue Jul 30, 2013 9:37 am

Personally I think Cyprus should have left when the crisis began. In fact prior to that, when the EU ignored the request dir help from the last government. That in itself wasn't mentioned until after the mess.

Leaving would be no different to what is going on at the moment. As let's face it, stealing other people's money and still being in the shit, is worse than calling it a day and crawling out of a hole the long way round.

I'd still support Cyprus leaving. The only thing I'd be concerned about is losing the use of the EU for the purpose of Turkey, but then that's been lacking too!
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby kimon07 » Tue Jul 30, 2013 10:59 am

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.
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Re: SHOULD CYPRUS EXIT THE EURO ZONE

Postby GreekIslandGirl » Tue Jul 30, 2013 11:21 am

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.
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