by geoffreys2 » 19 Oct 2014 11:25
McIngy1:
You say "Sometimes you have to go bust to move forward..."
How right you are. Cyprus for its size (population/economic activity/GDP) is actually worse off than Greece.
At the start of this crisis here I predicted that Cyprus would finish up exiting the Eurozone, and I said then I thought that would
be the best solution for the Country.
I still feel that way, one reason is that the resultant devaluation (Euro>New Cyp£) would affect everyone equally.
In the meantime we see chaotic daft things like the IPT; hard to imagine anything being so badly managed/organized!
Geoff.