Cyprus-Forum.com

by **ELLAS H TEFRA!** » Mon Sep 05, 2005 7:42 pm

Sotos wrote:isn't tourism part of the services sector?

About 15% of the sector, but I am not sure!

by **coredump** » Mon Sep 05, 2005 9:02 pm

http://www.cia.gov/cia/publications/fac ... .html#Econ

The Greek Cypriot economy is prosperous but highly susceptible to external shocks. The service sector, mainly tourism and financial services, dominates the economy; erratic growth rates over the past decade reflect the economy's reliance on tourism, which often fluctuates with political instability in the region and economic conditions in Western Europe. Economic policy is focused on meeting the criteria to join the European Exchange Rate Mechanism (ERM2) within the next two years although sluggish tourism and poor fiscal management have resulted in growing budget deficits since 2001.

by **ELLAS H TEFRA!** » Tue Sep 06, 2005 3:29 am

I have the word of Mr Panikos Pouros who was the chief bureaucrat for the past 10 years in charge of the governmental budget, and you have a link to a CIA website that doesnt even wokr!

Nice try...

by **Sotos** » Tue Sep 06, 2005 11:45 am

About 15% of the sector, but I am not sure!

Do you have the word of Pouros or you are not sure? Or he is not sure?

by **ELLAS H TEFRA!** » Tue Sep 06, 2005 11:52 am

Sotos wrote:
About 15% of the sector, but I am not sure!

Do you have the word of Pouros or you are not sure? Or he is not sure?

His word: not SOLELY dependent on Tourism..

My word: not sure about exact percentages!

by **Sotos** » Tue Sep 06, 2005 12:00 pm

His word: not SOLELY dependent on Tourism..

That could mean that Tourism is the 60% or the 75% of the services sector :!:

Is Pouros your friend? :wink:

by **ELLAS H TEFRA!** » Tue Sep 06, 2005 12:05 pm

Sotos wrote:
His word: not SOLELY dependent on Tourism..

That could mean that Tourism is the 60% or the 75% of the services sector Is Pouros your friend?

Not exactly my friend (he is a 55 year old man), but you could say that I know him very well, and for many years!

Maybe I'm wrong about the percentages, but I remember chatting with him in light of an examination I had to take for the foreign ministry and because there was a section for the economy..I remember because I was also under the impression that Tourism is the backbone of the economy, but something he said concluded otherwise..its been a while though and I am not sure.

Well...I just made an argument for nothing then..I apologise! :lol: