There may be trouble ahead...

[Barman]

This crisis will pass, it's the long term position that is the concern imho. 

Seems your powers that be let the banks go loopy as the underlying economy was so weak.  Cyprus will have to realign itself to that true economy.   Tourism might increase though

Not sure how that would leave you all

Actually, the economy was not so week... it is only the exposure of the banks to the Greek banks that has really fucked us up...

However, the €uro and recent austerity measures have completely fucked the place up as far as tourism goes...

The best case scenario for Cyprus (IMHO) is an exit from the €uro, adoption of the Cyprus Pound again and devaluation...

[Barman]

Farage: EU wants to steal money from Cypriots bank accounts

[Steve]

This crisis will pass, it's the long term position that is the concern imho. 

Seems your powers that be let the banks go loopy as the underlying economy was so weak.  Cyprus will have to realign itself to that true economy.   Tourism might increase though

Not sure how that would leave you all

Actually, the economy was not so week... it is only the exposure of the banks to the Greek banks that has really fucked us up...

However, the €uro and recent austerity measures have completely fucked the place up as far as tourism goes...

The best case scenario for Cyprus (IMHO) is an exit from the €uro, adoption of the Cyprus Pound again and devaluation...

But devaluation is in effect cutting everyone's spending power and also their wages so the country's offerings become more competitive in the world.  A realignment.

It's not easy to work out how a country actually can change currencies if everyone knows that'the real reason is to devalue.  A massive run on the banks would precede it.   You might just as well do what Aniseedballs first thought of.  Ad that's just so popular isn't it.

A president who makes an international deal he then cannot get a single MP to vote for, that's got to be a first.

[Barman]

This crisis will pass, it's the long term position that is the concern imho. 

Seems your powers that be let the banks go loopy as the underlying economy was so weak.  Cyprus will have to realign itself to that true economy.   Tourism might increase though

Not sure how that would leave you all

Actually, the economy was not so week... it is only the exposure of the banks to the Greek banks that has really fucked us up...

However, the €uro and recent austerity measures have completely fucked the place up as far as tourism goes...

The best case scenario for Cyprus (IMHO) is an exit from the €uro, adoption of the Cyprus Pound again and devaluation...

But devaluation is in effect cutting everyone's spending power and also their wages so the country's offerings become more competitive in the world.  A realignment.

It's not easy to work out how a country actually can change currencies if everyone knows that'the real reason is to devalue.  A massive run on the banks would precede it.   You might just as well do what Aniseedballs first thought of.  Ad that's just so popular isn't it.

A president who makes an international deal he then cannot get a single MP to vote for, that's got to be a first.

A realignment would be ghastly...

But then, borrowing €10B (which we will never be able to pay back) and being tied to the €uro isn't very attractive either...

Plus, people WILL remove their cash when the banks open... even tho they eventually voted against the haircut...

The president appears to be an incompetent fool - no change there then...

[Steve]

IIRC there's a certain non EU country beginning with T that would be happy to take over the whole caboodle debts and all

hat, coat, run

[Barman]

IIRC there's a certain non EU country beginning with T that would be happy to take over the whole caboodle debts and all

hat, coat, run

Indeed...

Russia would be keen too...

I'm not sure either would be worserer than the EU.... 

[Barman]

Russia doesn't just want the right to Cyprus offshore gas reserves; it also wants a military naval base there in exchange for a bailout

That would be a game changer.... 

[Barman]

Bookmaker Ladbrokes gives 3/1 odds Cyprus banks to stay shut all of March

 

[Barman]

The Cyprus cabinet are reportedly to discuss capital controls, presumably to prevent money flooding out of the country when the banks do re-open.

And on that subject, it seems likely they will remain closed until at least the end of the week. (And with Monday being a bank holiday, possibly longer).

[Steve]

Russia doesn't just want the right to Cyprus offshore gas reserves; it also wants a military naval base there in exchange for a bailout

That would be a game changer.... 

Jeez would it

But you can see the logic if they think they are going to lose that base in Syria

So how does Comrade Barmanski and Landladiskiev sound to you and LL?

[Barman]

Russia doesn't just want the right to Cyprus offshore gas reserves; it also wants a military naval base there in exchange for a bailout

That would be a game changer.... 

Jeez would it

But you can see the logic if they think they are going to lose that base in Syria

So how does Comrade Barmanski and Landladiskiev sound to you and LL?

Звучит здорово для меня - я люблю водку тоже!

И мое судно на воздушной подушке полно угрей!

[Steve]

. . . . .
Sounds great to me-I love vodka too!  (Звучит здорово для меня - я люблю водку тоже!)

My hovercraft is full of eels!    И мое судно на воздушной подушке полно угрей!

Ты Новости Мисс манера поведения и я претензии мои пять фунтов

Oh and this may be useful too

Бадди вы можете оказать мне рубля

[Barman]

. . . . .
Sounds great to me-I love vodka too!  (Звучит здорово для меня - я люблю водку тоже!)

My hovercraft is full of eels!    И мое судно на воздушной подушке полно угрей!

Ты Новости Мисс манера поведения и я претензии мои пять фунтов

Oh and this may be useful too

Бадди вы можете оказать мне рубля

 

нет

[Baldy]

Сколько стоят ваши сельди товарищ?

[Marley's Ghost (Imbiber of Spirits)]

Good to see you guys getting ahead of the curve there and learning to use Russki.