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Could Laiki really not have been saved?
A report published this week In America says among other things the following: As the US housing markets recovers, Fannie Mae and Freddie Mac have returned to profitability’ allowing both mortgage financing companies to submit sizable payments to the US 'Treasury. The $59.4 billion dividend from Fannie Mae and $7 bi1llon from Freddie Mac will help-to postpone the raising of the debt ceiling, as the deficit is reduced by a combined $67 billion. Fannie Mae and Freddie Mac are the two biggest companies in America involved in housing mortgages and were the prime culprits who were in danger of collapsing some five years ago when they were rescued by the US Treasury. Taxpayer's money were used for the rescue contrary to the capitalistic climate which is the prevalent ideal system in America. Many people had the idea that they ...
A case of having your cake and eating it
I refer to my letter ‘A new IPT law by June? Fat chance’ dated April 25, where I asked: Please can someone - not from the authorities - explain how on earth are they going to do all this? Well, the responses/replies/comments received, through the CM website letters’ column, though appropriate, resulted in those not in authority but primarily involved being noticeable absent. The estate agents, lawyers, builders, and banks were nowhere to be seen, or should I say, were all keeping their heads down, or is it, that they agreed with my comments and have no clue how, by June 2013? ALL those with property - legal or not - and land are to be listed on a database and demands sent out for payment in September 2013. Even those with property worth between €80.000– €120.000, ...
We need support of countries more powerful than Turkey
Speaking at the Brookings Institution in Washington, Foreign Minister Ioannis Kasoulides made a point that I hope is not lost as we move forward towards re-activation of talks to negotiate a settlement to the Cyprus problem. In the course of his remarks, Mr Kasoulides stated that Cyprus is the most predictable, meaning I think that it’s also the most reliable, neighbour to Israel. In essence, his remarks echo similar remarks made by President Anastasiades during his recent visit to Israel. The point, which I think bears repeating, is that Cyprus Israeli relations are not just underpinned by common interests, but also shared values. The Foreign Minister then went on to add that the only thing that can interfere with that predictability, and I would add dependability or ...
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