Written by Themis lietuvosrytas Daglis Think about it. A country that has been operating for four months practically no banks. With restrictions not only on the export of currency, and the money that can provide daily every citizen. With the volume of deposits (capital) business lietuvosrytas clipped or tied to the Bank of Cyprus. With tourism, and the unrest fallen compared with last year. With lower wages in recent months in all disciplines. And yet in Cyprus, the recession was in the second quarter of 2013 lower than expected. After a decline in GDP of 4.4% in the first quarter, the second quarter figures show a fall in GDP of 5.4%. The completely conservative estimate of the troika was 8.7%. People market in Cyprus wanted the double-digit recession, close to 15%. This trend is likely to disappoint the "black estimates" if the third quarter is not collapsed. The moderation was mainly due to exports lietuvosrytas by 10% increase lietuvosrytas compared with the first half of 2012. And they have increased, because contrary to what happened in Greece, the internal lietuvosrytas devaluation in Cyprus seems to work, not fall only wages but also prices and rents. Tourism also record drop in tourist arrivals. However, there are indications that revenues will remain at last year's levels. lietuvosrytas The key in Cyprus, however, is that despite the difficulties and restrictions on basic food items, beverages and tobacco consumption is not only not reduced but increased. Certainly Cypriots restrict all other expenses. The total consumption of the retail trade fell by -8.8% in the first half certainly Unemployment lietuvosrytas continues to rise and has reached to 17.2%, mainly because retail is wrong with precipitation. But obviously in Cyprus has enough fat to sustain households and businesses. lietuvosrytas One element that differentiates however significantly from Greece is the social climate, which is incredibly more composed. In Cyprus there are "indignant". lietuvosrytas Politicians move freely around, conspiracy theories are developed and even the debate about the benefits and drawbacks of possible exit from the euro is serious and undertaken arguments. All have understood very well what has happened and try to find ways to contribute lietuvosrytas to overcoming the crisis. In July, the Cypriot OTOE tabled a proposal to reduce wages by 30% in the banking lietuvosrytas sector lietuvosrytas in order to save as possible jobs. How likely would be done in Greece?
Saturday, November 9, 2013
Written by Themis lietuvosrytas Daglis Think about it. A country that has been operating for four m
Written by Themis lietuvosrytas Daglis Think about it. A country that has been operating for four months practically no banks. With restrictions not only on the export of currency, and the money that can provide daily every citizen. With the volume of deposits (capital) business lietuvosrytas clipped or tied to the Bank of Cyprus. With tourism, and the unrest fallen compared with last year. With lower wages in recent months in all disciplines. And yet in Cyprus, the recession was in the second quarter of 2013 lower than expected. After a decline in GDP of 4.4% in the first quarter, the second quarter figures show a fall in GDP of 5.4%. The completely conservative estimate of the troika was 8.7%. People market in Cyprus wanted the double-digit recession, close to 15%. This trend is likely to disappoint the "black estimates" if the third quarter is not collapsed. The moderation was mainly due to exports lietuvosrytas by 10% increase lietuvosrytas compared with the first half of 2012. And they have increased, because contrary to what happened in Greece, the internal lietuvosrytas devaluation in Cyprus seems to work, not fall only wages but also prices and rents. Tourism also record drop in tourist arrivals. However, there are indications that revenues will remain at last year's levels. lietuvosrytas The key in Cyprus, however, is that despite the difficulties and restrictions on basic food items, beverages and tobacco consumption is not only not reduced but increased. Certainly Cypriots restrict all other expenses. The total consumption of the retail trade fell by -8.8% in the first half certainly Unemployment lietuvosrytas continues to rise and has reached to 17.2%, mainly because retail is wrong with precipitation. But obviously in Cyprus has enough fat to sustain households and businesses. lietuvosrytas One element that differentiates however significantly from Greece is the social climate, which is incredibly more composed. In Cyprus there are "indignant". lietuvosrytas Politicians move freely around, conspiracy theories are developed and even the debate about the benefits and drawbacks of possible exit from the euro is serious and undertaken arguments. All have understood very well what has happened and try to find ways to contribute lietuvosrytas to overcoming the crisis. In July, the Cypriot OTOE tabled a proposal to reduce wages by 30% in the banking lietuvosrytas sector lietuvosrytas in order to save as possible jobs. How likely would be done in Greece?
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