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Brinsley
Joined: 04/04/2009
Posts: 6858
Message Posted:
07/04/2011 00:48 | | Join or Login to Reply | Message 1 of 12 in Discussion |
| Portugal has just gone belly up, following Ireland and Greece with an IMF & Brussels bail out. How does this affect TRNC expatriates dealing in Sterling? The answer is, I have no idea! The € is ascending whilst the £ is weakening against TL on this breaking news. Blame it on the banks but makes no logical sense to me!
Richard |
Groucho
Joined: 26/04/2008
Posts: 7993
Message Posted:
07/04/2011 07:53 | | Join or Login to Reply | Message 2 of 12 in Discussion |
| Maybe it's because they (the money men) believe that without the Eurozone to go cap-in-hand to, the UK will go belly-up all on its own..... |
martinD41
Joined: 06/09/2010
Posts: 3001
Message Posted:
07/04/2011 08:16 | | Join or Login to Reply | Message 3 of 12 in Discussion |
| I thought the UK pretty much had gone "Belly Up"... |
negativenick
Joined: 10/11/2008
Posts: 6023
Message Posted:
07/04/2011 09:08 | | Join or Login to Reply | Message 4 of 12 in Discussion |
| and they laughhed when i said i was moving to thailand...................
well they're not laughing now i'm back........... |
Cyberwar
Joined: 05/03/2010
Posts: 72
Message Posted:
07/04/2011 09:34 | | Join or Login to Reply | Message 5 of 12 in Discussion |
| The 'eurozone bailout agreement' has not gone into effect and therefore the UK is still obliged to contribute to bailing out Portugal. |
MotoMoto
Joined: 15/02/2009
Posts: 152
Message Posted:
07/04/2011 11:54 | | Join or Login to Reply | Message 6 of 12 in Discussion |
| Very reasonable property in Portugal now.....off 50%
Spain next or maybe Greece will default which will mean leaving Euro or two tier Euro...
Uk will stumble on donating money to Pakistan etc as UK can eventually trade our way out - Portugal and Greece have no way of increasing their GDP or Tax take as so corrupt - ergo they cannot continue in Euro as is currently |
martinD41
Joined: 06/09/2010
Posts: 3001
Message Posted:
07/04/2011 12:05 | | Join or Login to Reply | Message 7 of 12 in Discussion |
| " Very reasonable property in Portugal now 50% off"
I'm pretty sure that phrase will soon be applicable in the TRNC.........  |
tattlad
Joined: 13/12/2008
Posts: 479
Message Posted:
07/04/2011 12:48 | | Join or Login to Reply | Message 8 of 12 in Discussion |
| And Spain is next up, with bigger deficit than Portugal apparently, the Euro should be in free fall, I wonder how much this is going to cost the UK and we are not even part of the Euro. |
No1Doyen
Joined: 04/07/2008
Posts: 16617
Message Posted:
07/04/2011 12:51 | | Join or Login to Reply | Message 9 of 12 in Discussion |
| tattlad. "....And Spain is next up..."
And then it will be the UK! |
Hector
Joined: 26/08/2008
Posts: 2352
Message Posted:
07/04/2011 13:42 | | Join or Login to Reply | Message 10 of 12 in Discussion |
| Quote : " Very reasonable property in Portugal now 50% off"
I'm pretty sure that phrase will soon be applicable in the TRNC......... "
I think it already applies. |
newlad
Joined: 02/03/2008
Posts: 7819
Message Posted:
07/04/2011 15:12 | | Join or Login to Reply | Message 11 of 12 in Discussion |
| Hector,
I would imagine that there are bargains to be had Europe wide at the moment,
Paul. |
Brinsley
Joined: 04/04/2009
Posts: 6858
Message Posted:
07/04/2011 16:16 | | Join or Login to Reply | Message 12 of 12 in Discussion |
| Interest rates rise for the € but stay the same for £. Speculation is, Turkey base rate bank interest will rise.
Richard |
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