Cyprus-Forum.com

[Greek Cypriot]

- The enormous cost of the settlement creates divergence from the Maastricht criteria.

- inflation in the free areas will rocket.

- the cost of the settlement amounts to 15-16 billion pounds

- the imposition of new taxes will be necessary so that the Greek Cypriot economy will reinforce the Turkish Cypriot economy and the central state.


http://www.cyprusmedianet.com/EN/article/19412

[michalis]

I dont think this will be the case . The long term benefits that will arise from a setlement will be enormous financially or otherwise.

Economics is not black and white!

Additional funds will come from external sourses USA , EU and other contributors !

Therefore I disagree with this opinion!

[metecyp]

Yes, there will be some extra costs at the beginning, and since G/C side has almost a perfect economy now, it is possible that they will end up in a worse economic situation than today for some time.

However, once everything is cleared up in Cyprus, there is no way that economy of Cyprus will remain poor. When there're more resources, there's more money. This is basic economics rule. Besides G/Cs won't need to spend millions of pounds on weapons anymore. T/C and G/C young males won't need to waste their 1-2 years in the army and instead join the work force. Cyprus tourism will boom with Kyrenia, Famagusta, Karpasia added to list of European Travel agencies.

Peace doesn't come for free. It requires struggle, hard work, sacrifice, and sometimes economic sacrifices. But claim that peace is not attainable due to its economic costs is absurd.

[michalis]

The cost of settlement is an IRRELEVANT COST!

Settlement First of all will make the Cyprus Economy in much much stronger!

By Improving relations with Turkey we gain access to the huge Turkish Market .

Huge Turksih Organisations Investing in Cyprus.

Cypus Organisations investing in Turkey TAking into account the short distances between Turkey and Cyprus.

Encouraging stability and security on the region.

Atracting more toursim from Turkey.

After a solutions Millions of funds will be donated by the whole International community as an aid of the Reconstruction of the NORTH.

Cyprus economy is made more COMPETTITIVE due to operation of more companies . AND The Cyprus MArket is becoming much bigger.

WITHOUT A SOLUTION ALL THE ABOVE ARE LOST AND NOTHING ARE GAINED !

SO what are the CONCLUSIONS Of COURSE SETTLEMENT WILL make economy much much stronger in the long term !

[garbitsch]

There is noway that Cyprus would not participate in EMU. Well Sweden managed to do that, but I don't believe the Cyprus government would follow the same path...

[brother]

Any cost that arises from unity and peace is nothing in comparison to the larger scheme of things to come.

[andytandreou]

- the cost of the settlement amounts to 15-16 billion pounds

do u even know where this money is going to be spent on? Assuming the now-dead Annan plan is a basis for a future solution this huge amount of money would have been spent on the economy and its citizens... IT's not like we would have burnt the money

[Piratis]

this huge amount of money would have been spent on the economy and its citizens

You mean the new citizens of Annan Cyprus, the now illegal settlers?
I have no problem to pay if that money would go to my country. However Annan plan created two countries, so why should we pay even a cent? We are united only when we have to give, and separate in all other cases?

[garbitsch]

Annan plan didn't create two countries. It created two equal federal states. If this term "equal" bothered you, then you are already against the whole idea of federalism. Secondly, I agree with you that no one part should pay for the others. If the EU and UN have the strong will to solve the problem, they should also contribute in monetary terms.

[brother]

You see i agree with piratis, this money should go only to a united cyprus, not two states with a weak central goverment blah blah blah blah.

Unity is the only solution to our problem.