Cyprus to tap an additional €81m in EU funds

[Paphos Life]

Funds drawn by Cyprus under the European Fund for Strategic Investments (Efsi) reached €45m in November, as the island was set to receive an additional €81m, the European Commission said....

Read the article and chat about it below...

[clive of payia]

Now you know why the Speaker of the EU Parliament was here the other day dispensing funds to keep some heads of EU countries true to the faith. Think it will be the usual "take the EU's money but do as we want."

[ApusApus]

Sounds good to me. Any EU funds which can act as a catalyst for new projects or stimulate renovation and refurbishment are to be welcomed with open arms. And I'm sure the EU will have safeguards in place to ensure the money is utilised as agreed. I know you're not a lover of the EU Clive, but don't you think that as a relatively small contributor to the EU it is good that we are still considered worthy of grants which will enhance our infrastructure and boost the economy?

Can't agree more ........ milk it while you can because when the EU loses the UK's contribution then there will be some belt tightening along the way I think!


Shane

[clive of payia]

Would be wonderful if it was just to boost the economy but we know it isn't its pure political bribery to keep the Cyprus elite on side. I was asked when over in the UK recently, "Why is Cyprus is the only EU country that doesn't appear to have an anti-EU party such as UKIP?" I answered but except for the political elite, property developers and lawyers majority of Cypriot citizens I have met hate the EU." They had no vote on joining the EU or the Euro and a financial damaging Haircut springs to mind. Be interesting to see how many turn out for the Cyprus presidential elections shortly. Well Cyprus was elected the most corrupt country in the EU recently wasn't it!

[WHL]

Would be wonderful if it was just to boost the economy but we know it isn't its pure political bribery to keep the Cyprus elite on side. I was asked when over in the UK recently, "Why is Cyprus is the only EU country that doesn't appear to have an anti-EU party such as UKIP?" I answered but except for the political elite, property developers and lawyers majority of Cypriot citizens I have met hate the EU." They had no vote on joining the EU or the Euro and a financial damaging Haircut springs to mind. Be interesting to see how many turn out for the Cyprus presidential elections shortly. Well Cyprus was elected the most corrupt country in the EU recently wasn't it!

Can you please tell us when this election took place?, link please...or as I suspect more BS.

[Dominic]

Would be wonderful if it was just to boost the economy but we know it isn't its pure political bribery to keep the Cyprus elite on side.

If that was the case how do you explain all the EU funded initiatives going on?

I was asked when over in the UK recently, "Why is Cyprus is the only EU country that doesn't appear to have an anti-EU party such as UKIP?" I answered but except for the political elite, property developers and lawyers majority of Cypriot citizens I have met hate the EU." They had no vote on joining the EU or the Euro and a financial damaging Haircut springs to mind. Be interesting to see how many turn out for the Cyprus presidential elections shortly. Well Cyprus was elected the most corrupt country in the EU recently wasn't it!

Where do you find your Cypriots? All the ones I know seem perplexed that the UK voted to leave.

[WHL]

Would be wonderful if it was just to boost the economy but we know it isn't its pure political bribery to keep the Cyprus elite on side. I was asked when over in the UK recently, "Why is Cyprus is the only EU country that doesn't appear to have an anti-EU party such as UKIP?" I answered but except for the political elite, property developers and lawyers majority of Cypriot citizens I have met hate the EU." They had no vote on joining the EU or the Euro and a financial damaging Haircut springs to mind. Be interesting to see how many turn out for the Cyprus presidential elections shortly. Well Cyprus was elected the most corrupt country in the EU recently wasn't it!

Can you please tell us when this election took place?, link please...or as I suspect more BS.

http://cyprus-mail.com/2017/12/11/cypru ... ion-index/

So where is this mythical election then? so a few business men where asked what they thought..what alot of BS

[WHL]

Would be wonderful if it was just to boost the economy but we know it isn't its pure political bribery to keep the Cyprus elite on side.

If that was the case how do you explain all the EU funded initiatives going on?

I was asked when over in the UK recently, "Why is Cyprus is the only EU country that doesn't appear to have an anti-EU party such as UKIP?" I answered but except for the political elite, property developers and lawyers majority of Cypriot citizens I have met hate the EU." They had no vote on joining the EU or the Euro and a financial damaging Haircut springs to mind. Be interesting to see how many turn out for the Cyprus presidential elections shortly. Well Cyprus was elected the most corrupt country in the EU recently wasn't it!

Where do you find your Cypriots? All the ones I know seem perplexed that the UK voted to leave.

I speak to alot of Cypriots and not one has said they are glad the UK is leaving or that they want Cyprus to leave...more fairytales from Payia

[Poppy]

Let's get real here! We were of course living in Cyprus when the referendum took place. Many of the Cypriots I knew were only concerned as to how BREXIT was going to affect them personally,most especially their children who were attending UK Universities. I am not saying they were wrong ,I am just telling how it was. The Cypriots I knew disliked the EU intensely because they hated being under obligation to them and their rules.I remember a good friend of mine complaining to a Paps manager that one of their supermarket offers was misleading under EU law and she was told" Madam we are not answerable to the EU only Greece!"

[WHL]

Let's get real here! We were of course living in Cyprus when the referendum took place. Many of the Cypriots I knew were only concerned as to how BREXIT was going to affect them personally,most especially their children who were attending UK Universities. I am not saying they were wrong ,I am just telling how it was. The Cypriots I knew disliked the EU intensely because they hated being under obligation to them and their rules.I remember a good friend of mine complaining to a Paps manager that one of their supermarket offers was misleading under EU law and she was told" Madam we are not answerable to the EU only Greece!"

Cypriot Students studying in the UK pay Fees like everyone else,

[jeba]

I don´t know what that money is used for. But those examples I´ve seen don´t seem to make long-term economic sense. What I´ve seen are nice-to-haves like expensive cobblestone plasters on roads and fancy pedestrian crossings. Those kind of investments won´t increase producitity nor will they create sustainable jobs. I wonder whether they were decided on merely in order to spend money which would otherwise have been forfeited. It reminds me of a story my uncle told me when I was a teenager: A friend of his worked with a municipality and was in charge of road maintenance/safety. He had told him that at the end of the year they sprinkled all the salt they still had in store regardless of whether there was ice/snow on the roads. The reasoning behind that was that they feared the municipality might otherwise allocate them a lower budget for next year, seeing that they hadn´t needed all their salt.

[WHL]

I don´t know what that money is used for. But those examples I´ve seen don´t seem to make long-term economic sense. What I´ve seen are nice-to-haves like expensive cobblestone plasters on roads and fancy pedestrian crossings. Those kind of investments won´t increase producitity nor will they create sustainable jobs. I wonder whether they were decided on merely in order to spend money which would otherwise have been forfeited. It reminds me of a story my uncle told me when I was a teenager: A friend of his worked with a municipality and was in charge of road maintenance/safety. He had told him that at the end of the year they sprinkled all the salt they still had in store regardless of whether there was ice/snow on the roads. The reasoning behind that was that they feared the municipality might otherwise allocate them a lower budget for next year, seeing that they hadn´t needed all their salt.

Jeba your post is very misleading ...re expensive cobble stones etc...Cyprus now pays in more then it receives from the EU...have a read of the following link .its a few years old but you will get a better idea where EU money goes.
http://ec.europa.eu/budget/mycountry/CY/index_en.cfm

[Poppy]

I think you are probably right re budgets Jeba.At one stage of my civil service career I was the Accommodation officer responsible for the local office budgets and there was only a minimal amount that we could carry forward into the next year and of course the next year's budget was based on the previous years spend!

[WHL]

I think you are probably right re budgets Jeba.At one stage of my civil service career I was the Accommodation officer responsible for the local office budgets and there was only a minimal amount that we could carry forward into the next year and of course the next year's budget was based on the previous years spend!

A firms budget is not the same as EU grants to member country's, to try and link them is ridiculous .

[Dominic]

Do you have proof of that WHL? In one sense Jeba is quite right. However, they aren't highlighting a Cyprus problem, they are highlighting a problem with anything that has an annual budget associated with it. This is why UK councils have to lease stuff at exorbitant cost, rather than buy outright. I used to work as an I.T manager for a leasing bank. You would be amazed how much of their business came from the state.

[WHL]

Do you have proof of that WHL? In one sense Jeba is quite right. However, they aren't highlighting a Cyprus problem, they are highlighting a problem with anything that has an annual budget associated with it. This is why UK councils have to lease stuff at exorbitant cost, rather than buy outright. I used to work as an I.T manager for a leasing bank. You would be amazed how much of their business came from the state.

Dominic I know firms use up their grants any way possible before the economic year finishes, as to not get less grant the following year, but the EU dosnt give you the same grant every year, its given for specific projects.

[WHL]

An article in today's ST, which should be of particular interest to both Hudswell and Clive of Payia (sic), who seem to believe that corruption is endemic only in Cyprus:

Hudswell's World ..Anything British = Good
Anything Cypriot =Bad

[Devil]

Hudswell's World ..Anything British = Good
Anything Cypriot =Bad

[WHL]

Ha! Three words: kettle, pot, black.

What happened to Royal? Hasn't been seen on the forum for a while. Did he fall from the stern of the cruise ship? Or was he pushed

Maybe his, alter ego might tell us

[Dominic]

For Gods sake keep the Chuckle Brothers out of it. I can tolerate many things on this forum, but not the Chuckle Brothers.