The Euro - Good News or Rip Off Time?
There has been much talk and back slapping at Cyprus HQ over the introduction of the Euro. However what will it really mean for the man (or woman) on the street? Many analysts believe that house prices will increase so many developers are pushing hard - they have been very successful at selling properties in Cyprus on this basis. My sources tell me that behind all the hype some high ranking people in finance at HQ are a bit worried. When the Euro was first introduced into Europe many businesses thought it was a good time to put up prices by at least 10% to take advantage of the confusion - this, in Cyprus’s case could have some serious repercussions. Many people could be worse off… is this really what we need?