George Iordanou Politics, Philosophy and (not much) Real Life
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cyprus

Article on the elections at DIKO published in TC newspaper

My previous article, titled Elections at DIKO: change of leadership, change of direction?, published the day after the elections at DIKO, briefly examines whether the outcome of the elections is going to affect the negotiations for the solution to the Cyprus problem. This article has been translated into Turkish and published in the Turkish Cypriot newspaper Kibris Postasi (Cyprus Post) in December 3rd. It took a while to upload but better late than never.

Elections at DIKO: change of leadership, change of direction?

Nicolas Papadopoulos, the newly elected president of DIKO, is the son of the former president of the Republic of Cyprus Tassos Papadopoulos and is largely expected to follow the political path of his late father.
Nicolas has more robust preferences when it comes to the Cyprus problem, whereas the former president of DIKO, Marios Garoyian, was more flexible; something that can be verified by his alliances with both leftist AKEL and right wing DISY at the last two presidential elections.

#Cyprus one month later

This article has been published yesterday by BusinessInsider under the title CYPRUS ONE MONTH LATER: Uncertainty Has Broken The Morale Of The People. I have previously contributed to BI, with pictures of the Bank of Cyprus protest outside the Central Bank and with a brief comment on the first reactions to the Eurogroup meeting.

The night that Ledras opened

Ι remember this day back in 2008. On 21 April 2008 I wrote:
Το άνοιγμα του οδοφράγματος της Λήδρας δεν σημαίνει λύση στο Κυπριακό πρόβλημα. Είναι όμως ακόμα ένα βήμα προς αυτήν. Σήμερα η ώρα 5μμ θα είμαστε εκεί, με σκοπό να δώσουμε ξεκάθαρο το μήνυμα της επανένωσης.
The opening of the checkpoint at Ledras does not signify the solution of the Cyprus problem. Nonetheless, it is another step towards finding a solution. Today at 5pm we will be there in order to send a clear message for reunification.

Don’t sell the Gold!

Reuters is saying that Cyprus will sell around 400 million euros worth of gold. This is a very bad idea. Let me repeat it. It is a very bad idea to sell the gold reserves. Cyprus is going down very fast or as Alexantra put it, ‘it is like watching a train wreck in super slow motion’.The gold reserves will be the only thing left to built something out of the ruins. By selling its gold reserves, Cyprus is selling the only asset that can support an alternative currency in the very possible post-eurozone era. I am not arguing for an exit from the eurozone. I am saying that it is a very realistic possibility that Cyprus will either bankrupt or get forced out of the eurozone. To remove the only asset that can minimise the devaluation of the new pound is a horrible decision. Even the...

Al Jazeera on #Cyprus

Yesterday I took part in Al Jazeera’s The Stream, where we talked about Cyprus. Video conferencing failed me, so I participated via phone. I talked twice. The first question was about who I thought is mostly to blame for the situation in Cyprus. I argued that the Eurozone Ministers of Finance are mostly to blame for making Cyprus a guinea pig case and for destroying one of the two productive sectors of Cyprus overnight. I said that the three days ultimatum that Cyprus was given is nothing short of an extortion and that the ‘deposits haircut’ is actually a confiscation of already taxed money. Of course, I mentioned that the bankers and the Cypriot governments are also to blame but I stressed that it was the mishandling of Cyprus during the Eurogroup meeting that destroyed...

Social Media and #Cyprus

Cyprus has been at the centre of international attention for a couple of weeks. Information was flowing from every direction and the local and international news agencies reproduced everything – from unverified rumours about the resignation of the Minister of Finance during his visit in Russia, to imaginary offers to buy one of the two local banks. In all the crossfire of information, twitter saved the day. It helped verify information, collect information, alter pre-determined attitudes, translate economic jargon to human language and most importantly, mobilise people. The role of social media, specifically twitter, was pivotal in navigating this minefield of false and distorted information. The first example has been the day after the return of the president before the arrival of...

Can #Cyprus recover without leaving the eurozone?

I don’t see how Cyprus can remain within the Eurozone and potentially recover. The overnight destruction of the financial sector left the economy of Cyprus devastated. All of us already know people who have lost their jobs and people that will soon lose them. The hope is that new productive sectors will be developed that will help the economy recover from the loss of the financial sector. I list four challenges to this scenario. I neither am nor pretend to be an economist, so I would be glad to be proven wrong.

#Cyprus under attack stands proud

Today the people of my country were united. We have been attacked by the countries of the Eurozone. We have even been betrayed by the Greeks that many Greek Cypriots naively consider their allies. Today, instead of running to the banks and maximising the damage caused by the European ‘partners’, the Cypriots were civilised and dignified and did not rush to get their money out. The international news agencies surprised from this reaction tried to find something to report. Instead of panic and chaos, they reported the Cypriot determination to survive the attack.

UK riots and Cypriots

I am a bit shocked about the way Cypriots of my age conceptualise and analyse the riots in the UK. I was a recipient of quite a few remarks against what they described as people who live on benefits and who are driven by consumerism rather than by a genuine anger against the conservative policies. Not only they dismiss the people on the streets as thieves who seized the chance to steal things, they also challenge the whole idea of the welfare state. The latter point is the most worrying.

George Iordanou Politics, Philosophy and (not much) Real Life

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