Hello, dear international readers of this blog,
The world is changing faster again. And so, regarding and reading the news about the latest developments in Greece, people in Cyprus fear that
– foreign capital from Greece plus also
– the human resource from there
will flow into the beautiful island of Europe, but located in Asia:
from here arrive the news: Cyprus and its divided capital Nicosia City (CY).
Why doing banking business in Cyprus?
Although Cyprus being legally separated from the former colonial power Greece, it might be necessary to separate the local people from other peoples for example in the banking sector: it seems more than most likely, that bank tourists, who might be queuing up in front of Cypriot banks, tend to look forward for a quick deal in spring 2015 starting from now on.
Thus, it might be useful and logical to intensify the daily routines of the customs and other civil services by requesting additionally checks of personal ID cards and/or passports from potential clients in small Cypriot banks: their security matters as well and the data should be protected.
Why entry controls in Northern Cyprus?
Besides, this is new: It is the updated practice now that 100 percent controls at the internal border in Nicosia City have been installed and tightened for all of the visitors. So if you plan to go and visit or come back from the occupied part of the Cypriot island (Northern Cyprus), the situation has changed to the former non clarified status quo due to the ongoing toxic situation since 15.07.1974: an unbelievable occupation of a foreign country.
Why working in Southern Cyprus?
This is special: it might be interesting to learn more about those internal data from Greece and Cyprus such as the actual height of the different minimum wage levels in both countries regarded on a monthly base: what a triggering effect: the level of income on the islands differs a lot: looking across the slightly raising growth trend in Southern Cyprus, you may find the opposite on the continental landscape with its wonderful Hellenistic islands.
Standing out by more than 60 (in words sixty) percent compared to the shrinking standards in the downsizing economy of the ancient historic leaders, some pride ancient Greeks seem to run out of liquid resources. This means good business for real estate agencies and financial institutions on the local mortgage markets.
What will be the expected next steps?
Global discussions also influenced the author of a German book with the translated title “poverty is theft”. The talks consider the severe situation of Greece that has been always riding on the very thin path to survive.
If you would like to listen to the German conversation, You may go straight forward to the arguments starting from minute 41:50 with the result that the debts of Greece might be written off and that Greece will restart with its status of more or less ZERO. This topic will be one of the key questions in Europe throughout the banking sector worldwide starting from now: ” Would a debt relief be one of the best options for Greece? ”
Please advice. Thank you for your attention and your esteemed time in advance.
And a personal statement at the end: we would be all sad to see you leave the EU and join the Eurasian link: so let us cross the fingers and let us dance together this famous Syrtaki dance on the marketplaces all over Europe again.
