Iceland, Duabi...Greece NEXT??

Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
01/12/2009 13:07

http://www.ft.com/cms/s/0/05b688ea-dac5-11de-933d-00144feabdc0,dwp_uuid=07f1b2e0-da8b-11de-9c32-00144feabdc0.html?nclick_check=1





Poetic justice if you ask me!

After years of isolating Turkish Cypriots and placing import/export embargoes, flight restrictions and trying every trick in the book to cripple TRNC (KKTC)....Greece is now in economic turmoil



SHAME !!



Long Live KKTC !



Reproman



p.s. hope Turkey sticks 2 fingers up at the EU, as it hasnt done Ireland, Spain, Italy or now Greece any good.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
01/12/2009 13:14

reproman

The writing is on the wall.

The second recession is on its way. Fasten your seat belts and prepare for a bumpy ride.

AJ

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
01/12/2009 13:26

http://www.ft.com/cms/s/0/de16732a-dd14-11de-ad60-00144feabdc0.html?nclick_check=1

is the link you want...



Could you explain how Greece has managed to 'single-handedly' managed to get the UN Security council to pass resolutions about the 'invalidity' of 'TRNC' AND wants TR in the EU .... and must now be ridiculed ??!1



It's just that I seem to remember TR needing to talk 'Turkey'( sic) with the IMF and they ain't 'outta da woods', yet still...

Dixie Normus


Joined: 22/02/2008
Posts: 820

Message Posted:
01/12/2009 13:47

After Greece goes down the pan the UK wont be to far behind, Morgan Stanley has seen the writing on the wall, the gold standard credit rating is due to hit the rocks which will put us in the same boat as the Greeks. Wont be Gords worry as the unelected buffoon will be trying his worst to win the the next election knowing he will never be able to get the UK out of the hole he's put us in.



D.N

Corbo



Joined: 13/09/2009
Posts: 627

Message Posted:
01/12/2009 13:48

and then the UK!

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
01/12/2009 13:54

Think the UK have already gone down the pan Corbo

Corbo



Joined: 13/09/2009
Posts: 627

Message Posted:
01/12/2009 13:59

I think you are right..and it's getting worse.

petez


Joined: 04/12/2008
Posts: 560

Message Posted:
01/12/2009 15:17

Do you think this will make any difference to Greece's attitude towards Turkey in the EU?

Dixie Normus


Joined: 22/02/2008
Posts: 820

Message Posted:
01/12/2009 15:35

Cant see Greeks taking their heads out the sand ther dead and burried. Same attitude as N.C when it comes to productivity, 65% of Greeks are employed by the goverment which is skint (as here) there only difference is nobodies bailing them out. Goverments frightened to change situation as its a vote loser (same here) result pandermonium and civil unrest (already starting to happen). Thank God or who ever, Mother Turkeys bailing this place out or no doubt a similar situation would occur here.



D.N

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
01/12/2009 17:04

Will this affect people still on buiders electric? )

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
01/12/2009 17:31

Mark

Message 3:



' It's just that I seem to remember TR needing to talk 'Turkey'( sic) with the IMF and they ain't 'outta da woods', yet still...'



I think you need to brush up on that one, The IMF has been encouraged to offer financial help to the TR by 'outside influences' because it was hoped that the TR would change certain government policies in exchange for easy money.

But it has not and will not happen. Turkey is in a far more better financial state than most if not all EU member state countries.

AJ

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
01/12/2009 18:06

Thanks, AJ,



I'm well sprced up, today ! ;)



I read the TR press... but I'm also aware the budget deficit will increase this year and that Civil Servants are being asked to take a pay increase 1.8 % less than forecast inflation .



Not everyone thinks TR should 'exclude' the option of the IMF



http://www.turkeyfinancial.com/news/2009/10/05/roubini-advises-imf-deal-for-turkey/

Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
03/12/2009 20:07

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahKNNkEIm6dc&pos=7



Dec. 3 (Bloomberg) -- Turkey’s credit ranking was lifted two levels to BB+, the highest speculative-grade status, by Fitch Ratings, which cited the economy’s “resilience” during the global financial crisis.



Turkey hasn’t receive emergency funding from international lenders including International Monetary Fund even after the country faced its worst slump on record, with the economy contracting 14.3 percent in the first quarter, the most since quarterly records started in 1987.



Turkey “has not needed an emergency IMF bailout nor to support the banking sector,” Fitch said. “There has been no significant pick-up in dollarization or capital flight.”



“This will close the IMF chapter and be a seal of approval as it will make it easier for Turkey to borrow,” said Tunc Yildirim, a director at Standard Unlu Menkul Degerler in Istanbul. “This is a pretty major move and the other rating agencies may follow."

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
03/12/2009 20:27

Reproman

Unfortunately others will not accept how strong Turkey is and is still becoming.

We will see and everyone has seen my predictions with regards to the second recession just about to hit the EU.

Take care

AJ