Cyprus-Forum.com

[cyprusgrump]

I just want to know what in peasant economy all the surplus people who used to work in banks, the shops, factories, government offices, will do and how they will be fed....?

Also if the threats to destroy Laika etc were correct, what was the rational alternatives?

personally I blame a Greek *anker by name of Vgenopolous.....and Chris Toffee-Arse,

You'll find that most 'greens' that believe (or wish for) a 'sustainable economy' also have mass population reduction as part of their agenda...

Hence the ability to live off the land using peasant farming techniques...

[supporttheunderdog]

I just want to know what in peasant economy all the surplus people who used to work in banks, the shops, factories, government offices, will do and how they will be fed....?

Also if the threats to destroy Laika etc were correct, what was the rational alternatives?

personally I blame a Greek *anker by name of Vgenopolous.....and Chris Toffee-Arse,

You'll find that most 'greens' that believe (or wish for) a 'sustainable economy' also have mass population reduction as part of their agenda...

Hence the ability to live off the land using peasant farming techniques...

indeed!

Well at least we now know whay Chris Toffee-arse did not want to sign, morally corrupt coward that he is: Nick Rolandis has an interesting bit in the Mail.

[Jerry]

It's headline news in the UK, what has happened is "bigger" than Cyprus. It's a pity we can't get as much international coverage on the Cyprus Problem. We will probably never know if it was the only way. I believe Cyprus has had a "false economy" for decades, I recall being told back in the early 70s that government and employees got really good pensions and retired earlier than people in UK, I wondered how they could afford it with such low tax rates.

There's going to be a few anomalies, will accounts where a business stashes its VAT and PAYE (do they have them in Cyprus?) be hit, same goes for charities? What if someone contracts to buy a house and now does not have enough in the bank to pay for it. Will the predicted flood of Russian tourists now materialise? I know where I wouldn't go now if I were Russian.

Little Cyprus has been made an example of to keep the rest of the EU aspiring bankrupts in line.

[GreekIslandGirl]

What if someone contracts to buy a house and now does not have enough in the bank to pay for it.

The levy can be sold onto someone else (like a debt is sold or shares are sold). I think it's just another opportunity for the super-rich to get to own more Cypriot assets.

[cyprusgrump]

What if someone contracts to buy a house and now does not have enough in the bank to pay for it.

The levy can be sold onto someone else (like a debt is sold or shares are sold). I think it's just another opportunity for the super-rich to get to own more Cypriot assets.

Do you want to buy mine...?

Lets face it, the levy, shares, call it what you will is completely worthless... if the shares had any value Cyprus could have simply cashed them in instead of stealing innocent hard-working taxpayer's money....

[Jerry]

What if someone contracts to buy a house and now does not have enough in the bank to pay for it.

The levy can be sold onto someone else (like a debt is sold or shares are sold). I think it's just another opportunity for the super-rich to get to own more Cypriot assets.

Do you want to buy mine...?

Lets face it, the levy, shares, call it what you will is completely worthless... if the shares had any value Cyprus could have simply cashed them in instead of stealing innocent hard-working taxpayer's money....

It's a pity the levy shares can't be linked somehow to the future oil/gas revenues, at least they could then have some real value - one day.

[GreekIslandGirl]

What if someone contracts to buy a house and now does not have enough in the bank to pay for it.

The levy can be sold onto someone else (like a debt is sold or shares are sold). I think it's just another opportunity for the super-rich to get to own more Cypriot assets.

Do you want to buy mine...?

Lets face it, the levy, shares, call it what you will is completely worthless... if the shares had any value Cyprus could have simply cashed them in instead of stealing innocent hard-working taxpayer's money....

It's a pity the levy shares can't be linked somehow to the future oil/gas revenues, at least they could then have some real value - one day.

If they did that, Jerry, the Brits and Russians would own nearly 40% of Cyprus' Gas.

[Sotos]

What if someone contracts to buy a house and now does not have enough in the bank to pay for it.

The levy can be sold onto someone else (like a debt is sold or shares are sold). I think it's just another opportunity for the super-rich to get to own more Cypriot assets.

Do you want to buy mine...?

Lets face it, the levy, shares, call it what you will is completely worthless... if the shares had any value Cyprus could have simply cashed them in instead of stealing innocent hard-working taxpayer's money....

It's a pity the levy shares can't be linked somehow to the future oil/gas revenues, at least they could then have some real value - one day.

If they did that, Jerry, the Brits and Russians would own nearly 40% of Cyprus' Gas.

Not true. Our gas deposits worth a lot more than the 5.8 billion that are taken from depositors today... according to some they worth about €100 billion. Even if we get only half of that (50 billion) then depositors today could be given just 10% of the shares... and that means that just about 4% would be the Russians and British. We are already giving far more to foreigners with the deals we are making with the various foreign companies like Noble, Total etc. I agree with what Jerry said and I said the same earlier... all depositors should get something that can have a real worth in return. Both the Cypriots and the foreigners ... if you want to screw the foreigners then why would they invest in Cyprus ever again? If they get something valuable that they can cash in for a good profit in 10 years from now then the trust in Cyprus as a good place to invest will be restored.

[observer]

Not true. Our gas deposits worth a lot more than the 5.8 billion that are taken from depositors today... according to some they worth about €100 billion. Even if we get only half of that (50 billion) then depositors today could be given just 10% of the shares... and that means that just about 4% would be the Russians and British. We are already giving far more to foreigners with the deals we are making with the various foreign companies like Noble, Total etc. I agree with what Jerry said and I said the same earlier... all depositors should get something that can have a real worth in return. Both the Cypriots and the foreigners ... if you want to screw the foreigners then why would they invest in Cyprus ever again? If they get something valuable that they can cash in for a good profit in 10 years from now then the trust in Cyprus as a good place to invest will be restored.

If it's that good a bargain, why didn't the government just sell the oil and gas futures to raise the money and keep thousands of civil servants in their well paid, vital jobs?

[Sotos]

During the elections Lilikas said that we can pre-sell part of the gas to avoid the Troika. The reply from Anastasiades was that we can not do that before Noble does the confirmation drilling because foreigners would not risk buying before that (unless we gave it to them at very reduced prices). Well... I am buying... now. Give me shares for the oil/gas in exchange for my 10% of deposits you are taking! And those that don't want the gas shares they can sell them now much easier and recover much more of their money than with worthless bank shares!