Not A Member Yet? See All The Features Of The Forum By Clicking Here To Register For FREE! Or Members Login Below:

Cyprus Eastern Forum Index Cyprus Eastern Forum Index
Offering Free Help, Advice, Tips & Support for those buying or living in:
Paralimni - Protaras - Pernera - Kapparis - Agia Napa - Larnaca - Oroklini - Pervolia - Kiti - Xylofagou
Vrysoulles - Frenaros - Dherynia - Sotira - Agia Thekla - Liopetri - Ormidia & surrounding areas...

 
Main Homepage Cyprus Eastern Forum Index Register Directory Memberlist Search

  Ads By Forum Sponsors

    
Cyprus Eastern Forum Index » Coffee Shop Chat » The Greece crisis
Post new topic  Reply to topic   View previous topic : View next topic 
The Greece crisis 
Post: #1   PostPosted: Sat May 12, 2012 12:24 pm Reply with quote
geoffreys
Membership Closed
Joined: 29 Oct 2010
Posts: 7434
Pictures: 1
Location: Agios Georgios Acheritou Refugee Camp.

 
The continuing crisis in Greece leads me to wonder if things over there might now be really cheap as the recession/austerity/economic downturn/unemployment bites?
Second hand cars for example?
Property?
Speedboats, yachts, cruisers?
Anyone who knows Greece well and been there recently who can enlighten us?
Geoff


Last edited by geoffreys on Sun May 13, 2012 6:39 am; edited 1 time in total
Personal Photo Album View user's profile Cyprus News,Weather & Travel


Hide These Ads? Register for Free or Login

 
Post: #2   PostPosted: Sat May 12, 2012 4:11 pm Reply with quote
Mr Tibbs
Joined: 14 Apr 2011
Posts: 10650
Pictures: 0
Location: ROC

 
It's often been postulated in a wide variety of business/economic reports over the past 6 months or so that should Greece default/leave the Eurozone and adopt Drachma 2 then it would most likely halve in value - virtually overnight.

Clearly, things have recently moved from possibility to probability in that respect, despite Merkel's utterances to the contrary.

Quite what it will mean for Cyprus I'm not sure but I imagine it will be an economic disaster involving a lot of public money being used in order to recapitalise the banking system.
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel
 
Post: #3   PostPosted: Sat May 12, 2012 6:19 pm Reply with quote
cansweet
Joined: 22 Sep 2009
Posts: 2198
Pictures: 1
Location: cuckoo land

 
I'd be inclined to partly agree with you Tibbs. In fact, I do hope Greece calls the ECB's bluff, just to actually see what will happen. I simply cannot see any conditions whereby they'll be kicked out of the Euro, because then nobody gets paid. In all fairness though, Greece needs a kick in the butt.
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel
 
Post: #4   PostPosted: Sat May 12, 2012 6:48 pm Reply with quote
DAC
Joined: 02 Feb 2006
Posts: 6832
Pictures: 9

 
Lets face it, along with the other original members of the once elite group that was know in EEC circles as the poor-four, Greece only ever joined the club so as to feed at the trough that was perpetually filled with "someone else’s money". Problem now being, the trough is empty and they have no sense of responsibility and no added value.

Any lesson in life that is truly worth learning will always be learnt the hard way. Boot Greece out and make them stand on their own two feet and that way they’ll begin to value all those things that for to long were all taken for granted, which in turn will make them a stronger and more valuable country. I mean, it never done Germany any harm by being the black sheep in the family.
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel
 
Post: #5   PostPosted: Sat May 12, 2012 8:51 pm Reply with quote
Tangutica
Joined: 11 Jul 2008
Posts: 11935
Pictures: 26

 
I think Geoff meant to say 'things over THERE', not 'things over HERE'
Personal Photo Album View user's profile Cyprus News,Weather & Travel
 
Post: #6   PostPosted: Sun May 13, 2012 3:53 am Reply with quote
geoffreys
Membership Closed
Joined: 29 Oct 2010
Posts: 7434
Pictures: 1
Location: Agios Georgios Acheritou Refugee Camp.

 
Tangutica wrote:
I think Geoff meant to say 'things over THERE', not 'things over HERE'


Correct! Thanks Tang. An unfortunate typo (now corrected), I missed off the letter "t" in the word "there"!
Must go to Specsavers.
Geoff
Personal Photo Album View user's profile Cyprus News,Weather & Travel
 
Post: #7   PostPosted: Sun May 13, 2012 9:36 am Reply with quote
DAC
Joined: 02 Feb 2006
Posts: 6832
Pictures: 9

 
I recall seeing a news article last summer where two Geordies had set up shop in Athens buying gold. Must be making a killing!
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel
 
Post: #8   PostPosted: Sun May 13, 2012 10:16 am Reply with quote
geoffreys
Membership Closed
Joined: 29 Oct 2010
Posts: 7434
Pictures: 1
Location: Agios Georgios Acheritou Refugee Camp.

 
DAC wrote:
I recall seeing a news article last summer where two Geordies had set up shop in Athens buying gold. Must be making a killing!


Maybe the same outfit who have set up in Larnaca??!!
Geoff.
Personal Photo Album View user's profile Cyprus News,Weather & Travel


Hide These Ads? Register for Free or Login

 
Post: #9   PostPosted: Sun May 13, 2012 2:20 pm Reply with quote
case
Joined: 06 Aug 2011
Posts: 470
Pictures: 0

 
DAC wrote:
I recall seeing a news article last summer where two Geordies had set up shop in Athens buying gold. Must be making a killing!
I wanted to do that but I cannot understand “Greece Greek” or read and write Greek, so I wonder how those two Geordies managed to get around the language barrier and also all the regulations on buying and melting gold down.
Personal Photo Album View user's profile Cyprus News,Weather & Travel
 
Post: #10   PostPosted: Sun May 13, 2012 2:33 pm Reply with quote
geoffreys
Membership Closed
Joined: 29 Oct 2010
Posts: 7434
Pictures: 1
Location: Agios Georgios Acheritou Refugee Camp.

 
case wrote:
DAC wrote:
I recall seeing a news article last summer where two Geordies had set up shop in Athens buying gold. Must be making a killing!
I wanted to do that but I cannot understand “Greece Greek” or read and write Greek, so I wonder how those two Geordies managed to get around the language barrier and also all the regulations on buying and melting gold down.


Canny lads in Brown Bottle Land!
Geoff
Personal Photo Album View user's profile Cyprus News,Weather & Travel
 
Post: #11   PostPosted: Sun May 13, 2012 4:09 pm Reply with quote
Kwacka
Forum Moderator
Forum Moderator
Joined: 24 Sep 2005
Posts: 15403
Pictures: 3
Location: Republic of Cyprus

 
As I heard on the radio last night (speaking to a British resident) Athenians are going to the woods and cutting trees down for fuel, others are looking through bins hourly setting up such a business now might not be a great investment.

Civil servant with 10 years service 25,000 euros salary last year, reduced by over 30% this.

_________________
If a democracy cannot change its mind, it ceases to be a democracy - David Davis (British politician)
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel
 
Post: #12   PostPosted: Sun May 13, 2012 4:57 pm Reply with quote
geoffreys
Membership Closed
Joined: 29 Oct 2010
Posts: 7434
Pictures: 1
Location: Agios Georgios Acheritou Refugee Camp.

 
Kwacka wrote:
As I heard on the radio last night (speaking to a British resident) Athenians are going to the woods and cutting trees down for fuel, others are looking through bins hourly setting up such a business now might not be a great investment.

Civil servant with 10 years service 25,000 euros salary last year, reduced by over 30% this.


Doesn't sound like a good idea after all!
I would still like to know if second hand cars are cheap to buy in Athens??
Geoff
Personal Photo Album View user's profile Cyprus News,Weather & Travel
 
Post: #13   PostPosted: Sun May 13, 2012 5:51 pm Reply with quote
Mr Tibbs
Joined: 14 Apr 2011
Posts: 10650
Pictures: 0
Location: ROC

 
Kwacka wrote:
Civil servant with 10 years service 25,000 euros salary last year, reduced by over 30% this.


Seems that unless common sense prevails, or somebody starts knocking heads together, then in about 6 weeks time it could be reduced by a further 70%. Shocked
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel
 
Post: #14   PostPosted: Sun May 13, 2012 6:24 pm Reply with quote
case
Joined: 06 Aug 2011
Posts: 470
Pictures: 0

 
geoffreys wrote:
Kwacka wrote:
As I heard on the radio last night (speaking to a British resident) Athenians are going to the woods and cutting trees down for fuel, others are looking through bins hourly setting up such a business now might not be a great investment.

Civil servant with 10 years service 25,000 euros salary last year, reduced by over 30% this.


Doesn't sound like a good idea after all!
I would still like to know if second hand cars are cheap to buy in Athens??
Geoff
Steering wheel on the wrong side for you Geoff they don't drive on the same side as Cyprus
Personal Photo Album View user's profile Cyprus News,Weather & Travel
 
Post: #15   PostPosted: Sun May 13, 2012 6:25 pm Reply with quote
2diffs
Joined: 19 Feb 2009
Posts: 2333
Pictures: 0
Location: Dheryneia

 
geoffreys wrote:
Kwacka wrote:
As I heard on the radio last night (speaking to a British resident) Athenians are going to the woods and cutting trees down for fuel, others are looking through bins hourly setting up such a business now might not be a great investment.

Civil servant with 10 years service 25,000 euros salary last year, reduced by over 30% this.


Doesn't sound like a good idea after all!
I would still like to know if second hand cars are cheap to buy in Athens??
Geoff


Second hand Greek cars are LHD, so they will have a better market in the neighbouring countries.

Nobody is selling cars in Cyprus and luxury LHD motors would be very hard to shift here.

If you want to dabble in distressed property, boats are a better bet, but again nobody is dealing boats here either.

Now if you are prepared to stockpile, expensive watches, jewellery pictures and antiques would make money eventually and you only need a safe, not a car park.

Just hang on a month or two, you will be able to do the deals in Nicosia, instead of Athens.


Last edited by 2diffs on Sun May 13, 2012 6:28 pm; edited 1 time in total
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel



Join Us Today! Register for Free or Login

 
Post: #16   PostPosted: Sun May 13, 2012 6:26 pm Reply with quote
case
Joined: 06 Aug 2011
Posts: 470
Pictures: 0

 
Kwacka wrote:
As I heard on the radio last night (speaking to a British resident) Athenians are going to the woods and cutting trees down for fuel, others are looking through bins hourly setting up such a business now might not be a great investment.

Civil servant with 10 years service 25,000 euros salary last year, reduced by over 30% this.
Seems like a tale from when the Persians were attacking 3000 years ago it was all uphill when the Persians were routed lets hop it is the same again.
Personal Photo Album View user's profile Cyprus News,Weather & Travel
 
Post: #17   PostPosted: Sun May 13, 2012 7:27 pm Reply with quote
Tangutica
Joined: 11 Jul 2008
Posts: 11935
Pictures: 26

 
geoffreys wrote:
Tangutica wrote:
I think Geoff meant to say 'things over THERE', not 'things over HERE'


Correct! Thanks Tang. An unfortunate typo (now corrected), I missed off the letter "t" in the word "there"!
Must go to Specsavers.
Geoff


So must I Geoff! The specs I paid a fortune for here never did 'fit properly' nor did they 'do the job' I am currently using the off the peg €10 ones.

I will be visiting the said Savers when over there this year and stock up for half the cost!
Personal Photo Album View user's profile Cyprus News,Weather & Travel
 
Post: #18   PostPosted: Sun May 13, 2012 9:07 pm Reply with quote
DAC
Joined: 02 Feb 2006
Posts: 6832
Pictures: 9

 
case wrote:
DAC wrote:
I recall seeing a news article last summer where two Geordies had set up shop in Athens buying gold. Must be making a killing!
I wanted to do that but I cannot understand “Greece Greek” or read and write Greek, so I wonder how those two Geordies managed to get around the language barrier and also all the regulations on buying and melting gold down.


Why worry about such technicalities as regulations, I mean, isn’t that why Greece is in the dire state that it is!

An gram is an gram and if your offering someone €12-€36 for it and as long as you have an outlet for selling it on, I can’t really see that you’d have any problems. Just make sure that you have a very thick set of iron bars between you and the punters and some heavies to escort you to the bank..
Personal Photo Album View user's profile Send e-mail Cyprus News,Weather & Travel
Greece 
Post: #19   PostPosted: Tue May 15, 2012 2:55 pm Reply with quote
ProVox
Membership Suspended
Joined: 18 Apr 2011
Posts: 2588
Pictures: 0

 
Seems like a familiar theme...................

Reuters: Greece is screwed, there are no jobs and it has been run by crooks.
http://www.reuters.com/article/2012/05/13/londonproperty-idUSL5E8GB8RI20120513
Personal Photo Album View user's profile Cyprus News,Weather & Travel
The Greece crisis 
  Cyprus Eastern Forum Index » Coffee Shop Chat
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
  


All times are GMT  
Page 1 of 1  



  
  
 Post new topic  Reply to topic   
Search Tags: #Greece #crisis



 Facebook Page    Facebook Group    Our Channel    Cyprus eBay Search    Shopping To Cyprus    Contact Admin   SmartFeed RSS Feed



BUYING PROPERTY IN CYPRUS? PLEASE ENSURE THAT YOU SEEK INDEPENDENT LEGAL ADVICE FIRST.
Cyprus forum covering Kapparis, Protaras, Pernera, Agia Napa, Agia Thekla, Paralimni, Larnaca, Oroklini, Pervolia & surrounding areas
Please note that the views expressed on this forum are those of the author and may not reflect the views of the management.
* Problems Logging In? Click To Contact Us | Powered by phpBB © phpBB Group Design Style: VTrushkin | View Lo-Fi Version