North Cyprus living in a bubble

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
28/11/2011 21:43

http://www.todayszaman.com/news-264038-amid-economic-crisis-isolation-blessing-in-disguise-for-turkish-cypriots.html



Booming 6% GDP,not in the Euro.Everything in the garden rosy ?



Paul.

Corbo



Joined: 13/09/2009
Posts: 627

Message Posted:
28/11/2011 21:53

The whole Euro dream is crashing down soon and a big depression is coming. North Cyprus is a good place to be right now. Hang in there.

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
28/11/2011 22:14

Interesting read there Paul thanks and I would also like to see maybe some posting from the views of bar owners on this thread too.







Spider,X

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
29/11/2011 00:02

Strange - No mention of the government having to go cap in hand to the banking sector every month in order to pay civil service wages and pension payments.



I go into Kyrenia on a regular basis and can't say that I have seen any increase in the number of tourists about the place. That said, I don't frequent the casinos/brothels, so I might be missing something !! ;-)

Jonesy299


Joined: 07/02/2009
Posts: 367

Message Posted:
29/11/2011 00:18

I think it would be unwise to assume that TRNC (and indeed Turkey) will escape the global effects of a significant economic downturn - I am enjoying the benefits of minimal impact at the moment but have not counted on this lasting indefinitely.

BizziLizzi


Joined: 02/08/2011
Posts: 855

Message Posted:
29/11/2011 00:51

Some time ago a TRNC President said that the TRNC was one of the richest countries in the world - because it had no international debt! Slightly tongue in cheek I suspect but many a true word spoken in jest!



The TRNCs economic isolation may turn out tobe a silver lining and help it weather the storm, but I cant see it completely avoiding the effects of global financial meltdown - too much dependence on tourism income and over thelast ten years two many inhabitants relying too much on consumer goods..

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
29/11/2011 13:36

Re mess 4,



The brothels are chocker matey,



Paul.

nicola


Joined: 06/09/2011
Posts: 246

Message Posted:
29/11/2011 14:06

If Turkey gave the TRNC the bill for its upkeep it would be in more debt than the whole of the EU put together.

Jonholmes


Joined: 08/11/2011
Posts: 184

Message Posted:
30/11/2011 00:11

How much does Turkey give Cyprus every year then?

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
30/11/2011 00:14

if UK was in the euro , we would be in more trouble than PIGS, put together .

kingm


Joined: 27/11/2011
Posts: 34

Message Posted:
30/11/2011 01:15

Turkey and TRNC are as one long may this continue.



Keith.

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
30/11/2011 07:50

Msg 7 Personal experience ? naughty naughty.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
01/12/2011 20:47

You only live once Den,



Paul.

martinD41


Joined: 06/09/2010
Posts: 3001

Message Posted:
01/12/2011 20:51

How do you know Paul....

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
01/12/2011 21:16

So NC is looking good. What about the UK?



Mervyn King the governor of the bank of England has today called on bankers to give up their bonuses in order that the UK banks are capitalised (as best they can be) in order to survive a possible collapse of the EURO.



Britain's government and banks exposure to the PIGS including Italy is 200 billion.



If the EURO goes belly up there may not be many Brits travelling to NC next year.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
01/12/2011 21:16

Fair point Martin,



Paul.

andre514


Joined: 05/10/2010
Posts: 763

Message Posted:
01/12/2011 21:40

jonholmes: have you posted before under a different name?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
01/12/2011 22:36

ILC



Not sure TRNC is looking good. Yet again Pensioners have been left waiting to receive their payments – because government hasn’t got enough to pay them. Allegedly the government are looking for a 15m TL bank loan to tide them over. This appears in complete contrast to what the Government is saying about all being rosy on the construction front, tourist market and University revenue.



Wonder if this is why their most recently introduced law is to cap interest rates on bank loans?

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
01/12/2011 22:51

Bradus



I don't think for one minute that the TRNC is in good shape

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
01/12/2011 23:02

Sorry ILC, I obviously misinterpreted your post.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
01/12/2011 23:06

And my mess 1 was meant to be tongue in cheek,



Paul.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
01/12/2011 23:14

That's okay Bradus.



I can easily see why you drew that conclusion. I would have too. I was trying to get over the point of the EURO crisis without starting a new thread so I tied it in to this thread. It didn't work very well

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
01/12/2011 23:39

Mark,



At least you gave it your best shot.A for effort my friend,



Paul.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
01/12/2011 23:45

Reminds me of my school report Paul. "At least he tries hard"

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
01/12/2011 23:55

Mine was always,could do better,



Paul.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
02/12/2011

'could do better"



Was that with the girls Paul?







Apologies Paul could not resist that

Woodspeckie


Joined: 25/01/2009
Posts: 2263

Message Posted:
02/12/2011 00:06

Paul. Or "not a leader but is easily led?"

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
04/12/2011 14:53

Without doubt the Euro zone is in for a rough ride and the future looks grim as well as uncertain. No one could hide from the reality of this. It's in every newspaper and appears to be the most talked about topic on most TV and radio programmes.



In contrast the TRNC appears to take a completely different approach, pretending everything in the garden is rosy, tourism is on the increase, construction industry booming and any negative information dismissed. Yet we know this to be untrue. The news that the Government, yet again this month, needed to go cap in hand to the banks to pay its pensioners, and with Kibtec following the same borrowing path and tipped to be bankrupt by next year I suspect it won't be long before the bubble bursts and reality hits home.



I read this article with interest http://www.news.cyprus-property-buyers.com/2011/12/03/cyprus-a-country-in-denial-and-a-scandalous-political-leadership/id=009946.



This relates to the South but mirrors the situation of TRNC

chris101


Joined: 03/12/2011
Posts: 20

Message Posted:
05/12/2011 21:33

please help me with a football team am a player i want to join there club if u have there contact or address please let me know or text me on phone 05338343327

Tango1


Joined: 19/02/2011
Posts: 1151

Message Posted:
06/12/2011 10:28

Msg.29 Think you pressed the wrong button. Unless of course you have the answer to the Euro crisis, then you're more than welcome.