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Iceland to write €24,000 off every household mortgage

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Re: Iceland to write €24,000 off every household mortgage

Postby GreekIslandGirl » Sat Dec 07, 2013 9:50 pm

Demonax wrote:
GreekIslandGirl wrote:No one wants to live in Iceland. They need incentive.

Furthermore, the main difference is that most Cypriots and Greeks do not have mortgages. The ones who would benefit (at the expense of the country) are those with huge mortgages which tend to be second-home owning Brits and Russians.


The debt relief was targeted at Icelandic firms and households not overseas property buyers!


For sure. How many overseas property buyers are there in Iceland? :wink:

Failing to address the unique prevalent conditions in any country can only lead to failure.

As I said, unlike Iceland, Cyprus has a heavy overseas debt from the many, many people who have bought - from Britain and Russia etc. If you start writing off Cypriot debts for Cypriot companies and householders and ignore the debts of those British and Russian householders and companies - who may also have debts with the same banks (Cypriot banks?) as the Cypriots - you will soon hear cries of "racism" and "discrimination".

Don't be silly now. You know there isn't a one glove fits all solution for such matters.
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Re: Iceland to write €24,000 off every household mortgage

Postby Flying Horse » Sat Dec 07, 2013 11:17 pm

B25 wrote:I read that the uk now has retirement age 69? Or are looking to change to that...



Yup.....and the rest!

Seriously, people want to retire earlier than that. Can you envisage a 70 year old fireman?


People may be living longer, that doesn't necessarily mean they are any more fit to work above the age of 65!
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Re: Iceland to write €24,000 off every household mortgage

Postby Paphitis » Sun Dec 08, 2013 1:19 am

GreekIslandGirl wrote:
Demonax wrote:
GreekIslandGirl wrote:No one wants to live in Iceland. They need incentive.

Furthermore, the main difference is that most Cypriots and Greeks do not have mortgages. The ones who would benefit (at the expense of the country) are those with huge mortgages which tend to be second-home owning Brits and Russians.


The debt relief was targeted at Icelandic firms and households not overseas property buyers!


For sure. How many overseas property buyers are there in Iceland? You wouldn't for instance get any Australians buying property in Cyprus when they can buy in Greece, Italy, Spain, France, US or Canada (and many have), but once again, it is only for holiday and investment purposes in Europe but they may migrate and live in North America as many have.

Failing to address the unique prevalent conditions in any country can only lead to failure.

As I said, unlike Iceland, Cyprus has a heavy overseas debt from the many, many people who have bought - from Britain and Russia etc. If you start writing off Cypriot debts for Cypriot companies and householders and ignore the debts of those British and Russian householders and companies - who may also have debts with the same banks (Cypriot banks?) as the Cypriots - you will soon hear cries of "racism" and "discrimination".

Don't be silly now. You know there isn't a one glove fits all solution for such matters.


Only retirees buy in Cyprus or wealthy Russian and Chinese Obligarchs.

But there is a lot less incentive in living in Cyprus because of the economic situation, lack of work, education infrastructure and many more.

At the end of the day, even Iceland would look attractive to a Cypriot job seeker. But most are apparently headed for Australia. I am told there are new arrivals from Cyprus everywhere, in there thousands. Families are sponsoring many, and offering accommodation until they get on their feet.
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Re: Iceland to write €24,000 off every household mortgage

Postby DT. » Sat Dec 14, 2013 11:40 am

Paphitis wrote:No one wants to live in Greece or Cyprus because there is no incentive!

Yeh, I sure as hell going to bring my familky over and be unemployed and to give my kids a second rate education! :lol:



Cyprus has its problems but 2nd rate education is not one of them. Any country in the world would be lucky to have the small population that Cyprus has and the excellent education choice that it brings with it. This is a killer combination especially for the host of small classroom private schools that provide an education and attention to the pupil standards that are second to none.

Australia may be a great place to live but i wouldn't swap my kids growing up in Cyprus for anywhere and believe me I've been around.

As for Iceland, simply a case of 300k fishermen that decided they were actually investment bankers, blew their money,

slowly going back to the lucrative fishing trade they once had and using quantitative easing to improve their economy....wait for inflation.

Theres actually one exchange rate for krona in iceland and one for when they go overseas.....improves morale.

Read michael lewis's "boomerang"
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Re: Iceland to write €24,000 off every household mortgage

Postby Paphitis » Sat Dec 14, 2013 2:09 pm

DT. wrote:
Paphitis wrote:No one wants to live in Greece or Cyprus because there is no incentive!

Yeh, I sure as hell going to bring my familky over and be unemployed and to give my kids a second rate education! :lol:



Cyprus has its problems but 2nd rate education is not one of them. Any country in the world would be lucky to have the small population that Cyprus has and the excellent education choice that it brings with it. This is a killer combination especially for the host of small classroom private schools that provide an education and attention to the pupil standards that are second to none.

Australia may be a great place to live but i wouldn't swap my kids growing up in Cyprus for anywhere and believe me I've been around.

As for Iceland, simply a case of 300k fishermen that decided they were actually investment bankers, blew their money,

slowly going back to the lucrative fishing trade they once had and using quantitative easing to improve their economy....wait for inflation.

Theres actually one exchange rate for krona in iceland and one for when they go overseas.....improves morale.

Read michael lewis's "boomerang"


DT,

I fully accept that Cyprus lacks the population base and lacks the funds to sink into universities etc and as a result can't compete with bigger countries.

Which brings me back to my original point. If I were ever going to move to Cyprus, I would send my children to an overseas university in UK, Australia, Canada or US. So what's the point in moving back? Going to a Cypriot University is quite second rate compared to the standards offered elsewhere. Why would you compromise your children by leaving such a country for Cyprus? Then, once they graduate, there are greater opportunities in US, Canada or Australia. So there is no incentive for a Cypriot Family to move back to Cyprus, unfortunately.

I use to think about moving to Cyprus until I had children. I don't think it is an option now.
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Re: Iceland to write €24,000 off every household mortgage

Postby Get Real! » Sat Dec 14, 2013 2:49 pm

Paphitis wrote:Going to a Cypriot University is quite second rate compared to the standards offered elsewhere.

Why is it 2nd rate? Because the library is smaller, there are fewer social clubs, and less exposure to sports? :?

Big deal!

It’s the curriculum that matters and you’ll find it’s exactly the same EU-wide on any given degree.
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Re: Iceland to write €24,000 off every household mortgage

Postby Paphitis » Sat Dec 14, 2013 3:06 pm

Get Real! wrote:
Paphitis wrote:Going to a Cypriot University is quite second rate compared to the standards offered elsewhere.

Why is it 2nd rate? Because the library is smaller, there are fewer social clubs, and less exposure to sports? :?

Big deal!

It’s the curriculum that matters and you’ll find it’s exactly the same EU-wide on any given degree.


Come off it mate!

The University of Cyprus just simply does not compare to any of the big universities you would have access to in the UK, US, Australia, or Canada. Just look at the international rankings.

It's not just the curriculum. It's the facilities and the lecturers which are of international standard because they attract the best with financial inducements and massive salaries.

You can't compare Uni of Cy with places like Oxford, Cambridge, Columbia, Harvard, UCLA, University of Melbourne, Monash etc etc etc. It's a different league in those countries. Not to mention the fact that when you graduate in whatever, you would want to get a job.
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Re: Iceland to write €24,000 off every household mortgage

Postby DT. » Sat Dec 14, 2013 4:19 pm

Paphitis wrote:
Get Real! wrote:
Paphitis wrote:Going to a Cypriot University is quite second rate compared to the standards offered elsewhere.

Why is it 2nd rate? Because the library is smaller, there are fewer social clubs, and less exposure to sports? :?

Big deal!

It’s the curriculum that matters and you’ll find it’s exactly the same EU-wide on any given degree.


Come off it mate!

The University of Cyprus just simply does not compare to any of the big universities you would have access to in the UK, US, Australia, or Canada. Just look at the international rankings.

It's not just the curriculum. It's the facilities and the lecturers which are of international standard because they attract the best with financial inducements and massive salaries.

You can't compare Uni of Cy with places like Oxford, Cambridge, Columbia, Harvard, UCLA, University of Melbourne, Monash etc etc etc. It's a different league in those countries. Not to mention the fact that when you graduate in whatever, you would want to get a job.


To be clear when we say childrens education we mean primary and secondary. I wouldn't send my kids to university in Cyprus either regardless of the standard because they'll need to go experience another culture while studying in my opinion. But i don't care where you're from Cyprus primary and secondary private (and select public) schools have nothing to be jealous about from other countries.

I finished English School and universities had offered us places in the UK and the US before our A-levels results came out.
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Re: Iceland to write €24,000 off every household mortgage

Postby Paphitis » Sat Dec 14, 2013 4:30 pm

DT. wrote:
Paphitis wrote:
Get Real! wrote:
Paphitis wrote:Going to a Cypriot University is quite second rate compared to the standards offered elsewhere.

Why is it 2nd rate? Because the library is smaller, there are fewer social clubs, and less exposure to sports? :?

Big deal!

It’s the curriculum that matters and you’ll find it’s exactly the same EU-wide on any given degree.


Come off it mate!

The University of Cyprus just simply does not compare to any of the big universities you would have access to in the UK, US, Australia, or Canada. Just look at the international rankings.

It's not just the curriculum. It's the facilities and the lecturers which are of international standard because they attract the best with financial inducements and massive salaries.

You can't compare Uni of Cy with places like Oxford, Cambridge, Columbia, Harvard, UCLA, University of Melbourne, Monash etc etc etc. It's a different league in those countries. Not to mention the fact that when you graduate in whatever, you would want to get a job.


To be clear when we say childrens education we mean primary and secondary. I wouldn't send my kids to university in Cyprus either regardless of the standard because they'll need to go experience another culture while studying in my opinion. But i don't care where you're from Cyprus primary and secondary private (and select public) schools have nothing to be jealous about from other countries.

I finished English School and universities had offered us places in the UK and the US before our A-levels results came out.


I think if you're willing to pay your way through, universities will offer you positions. Foreign students pay full fare in Australia, whereas Australian Students can defer everything and go through for nothing based on their results. I could be wrong. It's been a while since I had to check things out.

Primary and Secondary Schools are not bad at all in Cyprus, but still they can't compare.

But did you know, I had to attend Junior High School at Polis for a little while? It was a great experience and I made many long term Cypriot friends. My Uncle was the Principal there for a while. My Uncle also came to Australia to tutor me through my Year 12 (Final Year) in Australia. He specialized in Physics, and Mathematics. I remember when I showed him my workings and they way they were taught in Australia. He had a different way of teaching the same things, and I remember blitzing through the exams.

My worst result was in English. He couldn't help me as much there even though he was a UK Graduate with Honours, Masters and PhD. He was a great chalky and very passionate about teaching.

We had to do 5 subjects final year, and lucky for me I was doing Maths 1, Maths 2, Physics, Chemistry, and English ( :roll: ). He had me covered for 3 out of 5. He tried real hard for the other 2 as well. He had some Chemistry knowledge.
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Re: Iceland to write €24,000 off every household mortgage

Postby DT. » Sat Dec 14, 2013 8:19 pm

Paphitis wrote:
DT. wrote:
Paphitis wrote:
Get Real! wrote:
Paphitis wrote:Going to a Cypriot University is quite second rate compared to the standards offered elsewhere.

Why is it 2nd rate? Because the library is smaller, there are fewer social clubs, and less exposure to sports? :?

Big deal!

It’s the curriculum that matters and you’ll find it’s exactly the same EU-wide on any given degree.


Come off it mate!

The University of Cyprus just simply does not compare to any of the big universities you would have access to in the UK, US, Australia, or Canada. Just look at the international rankings.

It's not just the curriculum. It's the facilities and the lecturers which are of international standard because they attract the best with financial inducements and massive salaries.

You can't compare Uni of Cy with places like Oxford, Cambridge, Columbia, Harvard, UCLA, University of Melbourne, Monash etc etc etc. It's a different league in those countries. Not to mention the fact that when you graduate in whatever, you would want to get a job.


To be clear when we say childrens education we mean primary and secondary. I wouldn't send my kids to university in Cyprus either regardless of the standard because they'll need to go experience another culture while studying in my opinion. But i don't care where you're from Cyprus primary and secondary private (and select public) schools have nothing to be jealous about from other countries.

I finished English School and universities had offered us places in the UK and the US before our A-levels results came out.


I think if you're willing to pay your way through, universities will offer you positions. Foreign students pay full fare in Australia, whereas Australian Students can defer everything and go through for nothing based on their results. I could be wrong. It's been a while since I had to check things out.

Primary and Secondary Schools are not bad at all in Cyprus, but still they can't compare.

But did you know, I had to attend Junior High School at Polis for a little while? It was a great experience and I made many long term Cypriot friends. My Uncle was the Principal there for a while. My Uncle also came to Australia to tutor me through my Year 12 (Final Year) in Australia. He specialized in Physics, and Mathematics. I remember when I showed him my workings and they way they were taught in Australia. He had a different way of teaching the same things, and I remember blitzing through the exams.

My worst result was in English. He couldn't help me as much there even though he was a UK Graduate with Honours, Masters and PhD. He was a great chalky and very passionate about teaching.

We had to do 5 subjects final year, and lucky for me I was doing Maths 1, Maths 2, Physics, Chemistry, and English ( :roll: ). He had me covered for 3 out of 5. He tried real hard for the other 2 as well. He had some Chemistry knowledge.



Mate i'm not talking about some backwater school from Polis. What i'm saying is you'll struggle to find schools in Australia to match the high standards the English School and the Grammar School have in Nicosia.
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