The Best Cyprus Community

Skip to content


The Pound takes a hammering ..... again!

Feel free to talk about anything that you want.

Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Fri Nov 04, 2016 11:26 am

Never mind. Here’s something to cheer us up:

"The pound jumped against the dollar and euro Thursday after the High Court in London ruled that parliament must approve the start of Britain's withdrawal from the European Union."

https://uk.yahoo.com/news/pound-soars-c ... 32534.html

With a bit of luck, our Aussie friend made a killing.
User avatar
Tim Drayton
Main Contributor
Main Contributor
 
Posts: 8226
Joined: Sat Jul 21, 2007 1:32 am
Location: Limassol/Lemesos

Re: The Pound takes a hammering ..... again!

Postby Paphitis » Fri Nov 04, 2016 11:31 am

No not me! I didn't.

Nor is it about making a killing. it's about the wishes of the British people and EU meddling into the sovereign affairs of Britain, and all EU Nation States.

We Aussies are an extremely very lucky bunch. Because we look at this EU experiment and scratch our heads thinking "what the hell". We are advantaged with free trade with EU, so we make money out of the EU sure, but looking at it all, it also provides us with valuable lessons of what not to do.

these are lessons we have taken aboard because an EU model is something we will never engage in but instead just go for a pure free trade zone with other countries like the USA and Japan.

No common currency for us either. 100% sovereignty, which is undeniable and unchallenged! we make our own laws! I am pretty sure USA feels exactly the same way.

If we go bankrupt, then we deal with our own federal reserve bank and only have ourselves to blame. we are at no one's mercy and no one is going to be telling us what austerity measures to introduce. that is the job of our own Government's.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20971
Joined: Sun May 21, 2006 2:06 pm

Re: The Pound takes a hammering ..... again!

Postby Paphitis » Fri Nov 04, 2016 11:41 am

BTW, here is an interesting statistic, and a sad one.

just the other day, Greece commemorated its OCHI Day. this was the day the Metaxas government said NO to Mussolini and effectively led to war with Italy and Germany.

During the war with italy, Greece lost 6500 soldiers in northern Greece fighting off the Italian Invasion and had pushed them back into Albania.

Greece has lost more males due to the financial crisis and austerity since 2012. Over 10,000 suicides due to the Financial crisis.

But the EU don't care!

That is where I base my judgement and my anti EU stance.

If there is no dignity and respect for countries like Greece, and bear in mind the fact that tomorrow it will be other countries facing the same issues, then the EU deserves no respect from me.

i'm not for sale Tim! I will even support Golden dawn if I have to if this is going to be the party that is going to be fighting for the underdog! I do not support fascism, but much better having them in power than a bunch of sellouts who are trampling on all the dead victims without even remembering as if they don't exist anymore.

The EU has cost Greece more lives than the offensive against the Italian Military in WW2. mind boggling! :roll:
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20971
Joined: Sun May 21, 2006 2:06 pm

Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Fri Nov 04, 2016 11:56 am

The first footsteps of fascism:

Image

The courts are supposed to rule in line with the law, not a referendum result.
User avatar
Tim Drayton
Main Contributor
Main Contributor
 
Posts: 8226
Joined: Sat Jul 21, 2007 1:32 am
Location: Limassol/Lemesos

Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Fri Nov 04, 2016 12:01 pm

Paphitis wrote:BTW, here is an interesting statistic, and a sad one.

just the other day, Greece commemorated its OCHI Day. this was the day the Metaxas government said NO to Mussolini and effectively led to war with Italy and Germany.

During the war with italy, Greece lost 6500 soldiers in northern Greece fighting off the Italian Invasion and had pushed them back into Albania.

Greece has lost more males due to the financial crisis and austerity since 2012. Over 10,000 suicides due to the Financial crisis.

But the EU don't care!

That is where I base my judgement and my anti EU stance.

If there is no dignity and respect for countries like Greece, and bear in mind the fact that tomorrow it will be other countries facing the same issues, then the EU deserves no respect from me.

i'm not for sale Tim! I will even support Golden dawn if I have to if this is going to be the party that is going to be fighting for the underdog! I do not support fascism, but much better having them in power than a bunch of sellouts who are trampling on all the dead victims without even remembering as if they don't exist anymore.

The EU has cost Greece more lives than the offensive against the Italian Military in WW2. mind boggling! :roll:


Yes, we know that. It is all about Greece for you and you know and care little to nothing about the UK.

But, hold on ... you were saying in another thread that people of Greek heritage in Australia do really well there yet people back in Greece don't achieve the same success because of their wrong mindset. They all expect handouts from the state rather than getting of their backsides and doing something is what you appeared to be saying. If that is so, perhaps the EU is not at the root of the problem and, indeed, perhaps a good kick up the behind is what the place really needs.
User avatar
Tim Drayton
Main Contributor
Main Contributor
 
Posts: 8226
Joined: Sat Jul 21, 2007 1:32 am
Location: Limassol/Lemesos

Re: The Pound takes a hammering ..... again!

Postby Lordo » Fri Nov 04, 2016 12:54 pm

its pointless talking to bafidi he is cluless. the greek problem is very simple. have a look at how many people work in greece and also have alook at how many people are civilservants, unemplyed or retired. you will find the numbers are about 1 worker to one who does not work or is a civil servant. add to that the fact that people are allowed to retire at the age of 50 and you begin to realise the enormity of the problem.

unless the underlying problems are resolved the problem will not go away.
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 11518
Joined: Wed Oct 05, 2011 2:13 pm
Location: softalar, banana republic

Re: The Pound takes a hammering ..... again!

Postby miltiades » Fri Nov 04, 2016 1:03 pm

Greece's economic problems had nothing to do with the EU any more that Cyprus' economy.

Down to corruption, nepotism and greed.
User avatar
miltiades
Leading Contributor
Leading Contributor
 
Posts: 16315
Joined: Thu Apr 13, 2006 10:01 pm

Re: The Pound takes a hammering ..... again!

Postby Lordo » Fri Nov 04, 2016 1:46 pm

miltiades wrote:Greece's economic problems had nothing to do with the EU any more that Cyprus' economy.

Down to corruption, nepotism and greed.

there is all the above plus an unbalanced economy and reluctance by rich people to pay their taxes.
User avatar
Lordo
Leading Contributor
Leading Contributor
 
Posts: 11518
Joined: Wed Oct 05, 2011 2:13 pm
Location: softalar, banana republic

Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Fri Nov 04, 2016 1:58 pm

Another salient point is that no country anywhere took the kind of hammering that Cyprus did in its bailout deal. Yet, here we are three years down the road and Cyprus has exited the programme ahead of time and without drawing on the full amount allotted to it. It is early days, and the tourism bonanza caused by cheaper rival destinations being made unsafe by the risk of terorrism is obviously giving a huge boost to the economy but cannot be relied on to continue indefinately, but signs of economic growth are returning. There is a huge uphill road ahead, of course. I agree that many ordinary people in Greece are suffering, but I don't think you can lay all of the blame at the EU's door. I don't know much about Greece, but there appears to be something fundamentally disfunctional about that place. Yet, the paradox is that Greeks flourish when they emigrate.
User avatar
Tim Drayton
Main Contributor
Main Contributor
 
Posts: 8226
Joined: Sat Jul 21, 2007 1:32 am
Location: Limassol/Lemesos

Re: The Pound takes a hammering ..... again!

Postby Tim Drayton » Fri Nov 04, 2016 2:05 pm

Tim Drayton wrote:The first footsteps of fascism:

Image

The courts are supposed to rule in line with the law, not a referendum result.


Richard Burgon, Labour's Shadow Justice Minister, has said:

"Some of the headlines in today's newspapers personally attacking the judges who heard this case are unacceptable."

Hear hear.
User avatar
Tim Drayton
Main Contributor
Main Contributor
 
Posts: 8226
Joined: Sat Jul 21, 2007 1:32 am
Location: Limassol/Lemesos

PreviousNext

Return to General Chat

Who is online

Users browsing this forum: No registered users and 0 guests