Thinking of buying in Cyprus? wait....
- Thread starter ianabc
- Start date
CodStewart
New member
Very interesting. Especially about the gas find and Russia and the fact that Cyprus has some pretty big unresolved issues with Turkey.
Interesting site.
Interesting site.
DownWest
Well-known member
This is interesting, thanks. Makes the other ownership problems in the North South divide look less important. (The ones were after the invasion and separation, expats were sold houses which were still owned by people driven to the other half.
There was a case of this type of 'Hidden' morgage in Portugal, luckily fairly rare. The 'owners' had to bid to buy back their own houses at auction after the developer went bust. By tacit consent, people did not bid against them, except for one idiot (Brit) who bid on several in hope of a bargin.
But why weren't the bent lawyer and the complicent bank guys in clink? Same old Same old..
It is changing, but it used to be impossible to get one lawyer to sue another. Loads of bent ones. One even proposed a scheme to me to buy a key parcel in a land deal, that I could then sell on at big profit as the development co. would need it. How did he know that? They were his clients! Needed an outside buyer, I ran a mile. But he thought this was OK practice..
DW
There was a case of this type of 'Hidden' morgage in Portugal, luckily fairly rare. The 'owners' had to bid to buy back their own houses at auction after the developer went bust. By tacit consent, people did not bid against them, except for one idiot (Brit) who bid on several in hope of a bargin.
But why weren't the bent lawyer and the complicent bank guys in clink? Same old Same old..
It is changing, but it used to be impossible to get one lawyer to sue another. Loads of bent ones. One even proposed a scheme to me to buy a key parcel in a land deal, that I could then sell on at big profit as the development co. would need it. How did he know that? They were his clients! Needed an outside buyer, I ran a mile. But he thought this was OK practice..
DW
Chris_Robb
Well-known member
There is so much more to come out of the Southern Europe quasi communist states.
This is just one of them - A Greek Pension Scam of huge proportions.
Just in case Greece needed one more reason to piss off the angry mob, just waiting to resume its Syntagma square festival, Ekathimerini reports that very soon Greeks will discover that not only are their pension funds about 50% underfunded funded courtesy of the first of many European 'bailouts', but that they will actually have to repay pension proceeds back.
Granted, pensions paid out under illegal pretenses, but still, this is money that will have to make its way out of insolvent Greek families that, just like in America, never felt an urge to save, but merely to spend, spend, spend, with hopes of endless crony communism in perpetuity. "Up to eight billion euros have been paid in bogus pensions in the past decade, director of the Social Security Foundation (IKA), Rovertos Spyropoulos said on Monday.
Under immense pressure to cut spending and replenish empty state coffers, the Greek government has found out that millions of euros have been paid to deceased claimants. The money is often claimed by fraudulent relatives or, in some cases, it remains idle in banks." What happens when all the other socialist countries in Europe discover the same has been happening there repeatedly and to far greater extents?
This is just one of them - A Greek Pension Scam of huge proportions.
Just in case Greece needed one more reason to piss off the angry mob, just waiting to resume its Syntagma square festival, Ekathimerini reports that very soon Greeks will discover that not only are their pension funds about 50% underfunded funded courtesy of the first of many European 'bailouts', but that they will actually have to repay pension proceeds back.
Granted, pensions paid out under illegal pretenses, but still, this is money that will have to make its way out of insolvent Greek families that, just like in America, never felt an urge to save, but merely to spend, spend, spend, with hopes of endless crony communism in perpetuity. "Up to eight billion euros have been paid in bogus pensions in the past decade, director of the Social Security Foundation (IKA), Rovertos Spyropoulos said on Monday.
Under immense pressure to cut spending and replenish empty state coffers, the Greek government has found out that millions of euros have been paid to deceased claimants. The money is often claimed by fraudulent relatives or, in some cases, it remains idle in banks." What happens when all the other socialist countries in Europe discover the same has been happening there repeatedly and to far greater extents?
