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 Post subject: Greece. money. troubles
PostPosted: Wed Jul 08, 2015 1:48 am 
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Joined: Sat Mar 14, 2015 5:42 pm
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Just enquiring of the situation in Cyprus and the banking trouble within Greece and how it effecting life in cyprus?0 :pint [size=85][/size]


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PostPosted: Wed Jul 08, 2015 6:57 am 
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Joined: Sun Aug 10, 2014 6:42 am
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Location: Peyia Paphos
am sure there must be some issues somewhere but i am yet to see them

i understand that when Cyprus went through the financial meltdown stuff over the last couple of years they got rid of the exposure to Greek banks - and so far despite my initial worries i am pleased to have seen nothing to make me continue to worry - i do of course limit my exposure to anything happening to my funds here by keeping my funds low and transferring only when i need it

Some may even have links to Greece but I havent seen any bank closures or withdrawal transaction limits - so far.


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PostPosted: Wed Jul 08, 2015 6:32 pm 
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Joined: Sat Sep 20, 2008 5:25 pm
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Location: Emba
The banks here are all overseen by the Cypriot banking system and are, therefore, not involved with the current Greek tragedy, and you don't need to worry. As I see it, the only real problem for Cyprus (other than difficulties for individual companies that trade with Greece) is a loss of tourism if Greece comes out of the euro. Greece will be cheaper for tourists if that happens and people are likely to go there instead of Cyprus.

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PostPosted: Thu Jul 09, 2015 6:28 am 
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Location: Polis Chrysochou
I suspect that if there is a Grexit, we will see a huge influx of Greeks into Cyprus to live. There has already been a 50% increase in passport applications, and the long queues for passports are unprecedented.

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