tag:blogger.com,1999:blog-7620652438500849718.post1745340133589035620..comments2024-02-25T10:22:38.186+00:00Comments on The European Citizen: Economic Union and CyprusEurocentrichttp://www.blogger.com/profile/09439536905456080079noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7620652438500849718.post-15518714796893513392013-04-12T10:43:21.536+01:002013-04-12T10:43:21.536+01:00I hope that Cyprus can get over from this economic...I hope that Cyprus can get over from this economic crisis. I wish that it would be helped by those countries with stable economy.http://www.group-global.org/http://www.group-global.org/noreply@blogger.comtag:blogger.com,1999:blog-7620652438500849718.post-2246596489017034572013-04-05T12:18:21.434+01:002013-04-05T12:18:21.434+01:00 Exit the Euro and return to the Cyprus Pound
Thi... Exit the Euro and return to the Cyprus Pound<br /><br />This option would require a deflation of approximately 20-30% along with the significant cost of actually converting the currency and financial instruments. While it would be very difficult in the short term, it would yield several important benefits in the longer term. The country would regain the ability to independently adjust the value of their currency to suit domestic financial conditions instead of being at the mercy of stronger northern EU member states. It would allow them to keep access to the potentially lucrative offshore gas fields. It would give them an opportunity to restructure and further legitimize their banking system<br />http://twarr1.blogspot.com/search/label/EuroTwarr1https://www.blogger.com/profile/13301761551004547442noreply@blogger.com