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PostPosted: Tue Sep 16, 2008 2:39 pm 
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Major

Joined: Fri Apr 18, 2008 12:42 am
Posts: 143
Location: Southport & Paphos
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


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PostPosted: Tue Sep 16, 2008 2:41 pm 
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Forum Admin
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Joined: Mon Dec 11, 2006 11:53 pm
Posts: 17223
Location: Pano Paphos
Hi Gilly
I have moved your post to
the money matters section,
you have a better chance of a response in here..
:greetings

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PostPosted: Tue Sep 16, 2008 3:51 pm 
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Major

Joined: Fri Apr 18, 2008 12:42 am
Posts: 143
Location: Southport & Paphos
Silly me -forgot about that. Thanks Neil

Gilly


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