Paphos People

Hi. Does anyone have any ideas if the current global financial situation will affect the Cyprus market.

My guts tell me that the answer is in the question - Global.

We currently have a multi currency morgage in Cyprus and over the past two years it has gone up by approx £150. This is based on the Swiss franc which we were told was the most stable of currencies. !!!!
Am wondering now if the Cypriot banks will be affected by the situation of banks going bust etc both in the United States and the UK.

Do they borrow from each other the same.

Thanks

Gilly

Hi Gilly
I have moved your post to
the money matters section,
you have a better chance of a response in here..

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REACH 1000`s of PAPHOS CUSTOMERS EVERY DAY FOR A FRACTION OF WHAT THE OTHERS CHARGE
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Whilst the optimist and the pessimist argued that the whisky glass was either half full
or half empty ? .
I drank it .....
The opportunist..

Silly me -forgot about that. Thanks Neil

Gilly