Cyprus-Forum.com

[CBBB]

But nevertheless, the EU has left its legacy in Cyprus and Greece and they will bring Spain, Italy and Portugal to its knees as well.

Their legacy is that we didn't go bankrupt which would have put us in a much worse position than we are now!

[Tim Drayton]

The Conservatives now officially have a majority.

[Jerry]

I've got mixed feelings about the EU but overall I'm in favour of the UK remaining in it. The UK economy is too dependent on the EU today, it would take too long to gain new markets to compensate for loss of European ones. For instance the UK would have lost its entire, foreign owned, motor car industry if we were not in EU. HSBC was talking of moving its HQ from UK, it will be interesting to see if the election result means it stays.

Latest prediction is that Tories will have overall majority of 6.

[Tim Drayton]

Just as an aside, having got up at 5 am this morning Cyprus time (3 am in the UK) to follow the results, and having been scouring the results for hours now, I have been encouraged to see the number of candidates with Muslim names. I like to think of the UK as being a fairly inclusive sort of country where people who wish to do so can integrate and take their place in mainstream society, and hope that this goes some way to disprove claims that Muslims as a whole are alienated from the rest of British society.

[Tim Drayton]

Paphitis, I want to live in a democratic, federal Europe and agree that there is something rotten at the core just now. This is not my ideal at all.

[Paphitis]

But nevertheless, the EU has left its legacy in Cyprus and Greece and they will bring Spain, Italy and Portugal to its knees as well.

Their legacy is that we didn't go bankrupt which would have put us in a much worse position than we are now!

That's bogus.

I have three words for you: interest rates, stimulus, print

Did Greece or Cyprus even have these as options?

[Paphitis]

Paphitis, I want to live in a democratic, federal Europe and agree that there is something rotten at the core just now. This is not my ideal at all.

You know what they say!

If the fruit is rotten, then throw it away.

[Tim Drayton]

Farage has resigned. At least he is a man of his word - or is he, since he is not ruling out restanding for election to the leadership.

http://www.theguardian.com/politics/201 ... late-seats

[CBBB]

But nevertheless, the EU has left its legacy in Cyprus and Greece and they will bring Spain, Italy and Portugal to its knees as well.

Their legacy is that we didn't go bankrupt which would have put us in a much worse position than we are now!

That's bogus.

I have three words for you: interest rates, stimulus, print

Did Greece or Cyprus even have these as options?

That is because we joined the Eurozone, not because of joining the EU.

[Paphitis]

But nevertheless, the EU has left its legacy in Cyprus and Greece and they will bring Spain, Italy and Portugal to its knees as well.

Their legacy is that we didn't go bankrupt which would have put us in a much worse position than we are now!

That's bogus.

I have three words for you: interest rates, stimulus, print

Did Greece or Cyprus even have these as options?

That is because we joined the Eurozone, not because of joining the EU.

Same thing, same shit!

Did they give Cyprus a choice of that as well when they were joining? Why not let Cyprus join the EU and opt out of the Eurozone?

We could have kept our pounds and at the very least we would have had our Central Bank which could do the following:
1) reduce interest rates to 0%,
2) allow the RoC to borrow free money to spend on infrastructure and projects to try stimulate some kind of pulse into the economy, and
3) as a last resort, print and print in a sustainable manner always being careful to not overdo it and create too much inflation.

Of course the above is not the complete solution. Some pain will need to be inflicted on the populace in a measured way so only up to what is bearable for them. So higher taxes, cuts to Education, Health, Defence etc etc. Unfortunately, the people have carried too much of the burden.

Yes the people will need to pay, BUT, in Greece the people got smashed. There has been no respite. The people are at breaking point. They are committing suicide. They have annihilating the entire middle class so all that exists now are the rich and those who are literally below the poverty line.