Why Would Amazon Want to Buy The Nation of Cyprus? & Could it Actually Do It? | Economics Explained
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This is Cyprus, an absolutely gorgeous nation in the Mediterranian filled with beautiful little towns a laid-back way of life and an economy that is supposedly for sale.
That’s right, a fair few of you watching may have seen headlines that apparently Amazon is going to purchase the island nation and set up its global headquarters there to have its very own little tax haven.
This story was originally published by Saxo Bank which is a small European investment bank with a lot of operations in the area.
Now spoiler alert, it’s not going to happen, but it’s not as crazy as it sounds and one day it genuinely could make sense as a sound business plan. So stick around, partially because I need that average watch time so that the youtube algorithm may bless this video, but mostly because this bizarre prediction can tell us a lot about possibly the weirdest economy in the world.
There is a very good reason that Cyprus was singled out as the most likely country to be purchased in the 2020 national yearbook and that is because of its long history of hmmm let’s say being very agreeable to the whim of institutions with a healthy bankroll.
But of course, the nation is fascinating for so many more reasons not least of which is that half of the country is technically subject to an illegal occupation of the territory of the EU.
And it gets even weirder than that, if you were to look at the island of Cyprus you would be forgiven for thinking it is just one little ol country, but depending on who you ask it has as many as 4 different entities claiming sovereignty over what is a very beautiful but otherwise very barren piece of land.
So there is a lot going on here and as always the best way to make sense of a lot of this is to look at the economics of the island to work out what is truly motivating all of these powerful institutions that apparently want to own Cyprus.
So
What is really driving the economy of Cyprus?
Why are so many people laying claim to it?
How have these tensions come back to bit them in recent years?
Why would it make the ideal country for some global megacorporation like amazon to buy?
And of course, once we have made sense of all of that, we can go ahead and put Cyprus on the economics explained national leaderboard.
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"membership in the EU", there's a typo in "membership"
@@HappyCoachYuantai 9:41 mebership lol
Isn’t BlackRock the one w ties to China/Dominion?
Funny.... because a GOOD CHUNK of Cyprus in the north has been occupied by the Turkish military SINCE THE 70s.... so good luck with bezos trying to buy it.
Could you do a video on some more state economies? Maybe some ones based around tourism like Maine! Would be cool to see :)
Knowing Amazon, they'd rather build an inflatable, 'Essentials' Cyprus next to the original one to bankrupt it and get it at a discount price.
Haha now this man right here is destined to be a fortune 500 CEO
alright thats some good stuff right there
You have been blessed by the economics god himself to become a fortune 500 ceo, it has become your destiny
So accurate, feels bad for those actual Cyprus manufacturers that went bankrupt due to Amazons business practices.
Amazon basics Cyprus
Such a shame that my Amazon prime membership won't include free flights to Cyprus
They just express ship you there in a lil smiley box.
@@EconomicsExplained Imagine all of the ships and planes. I swear, the Cyprus airport is gonna be the busiest cargo airport because of Amazon lol
@@grizzley6937 the producers and sellers who sell products on amazon would probably not be in Cyprus
Amazon pricing and shipping is not competitive in Cyprus.
@@varunsoni6106 if you add in the stuff Amazon makes.. maybe itll still be pretty packed
Im cypriot. One correction Nicosia is only half an hour drive away from the nearest beaches in larnaca not 2 days. Its a small island you can drive round it in a few hours
I noticed that too, but I think he was talking about before the highways were built?
He was talking about the 50's and 60's when there were no roads
@@slavachageyev You can probably walk the island from north to south in 2 days.
Completely ignoring a terrorist organization called EOKA-B staged a coup on Cyprus and started to target Turkish Cypriots which triggered Turkish intervention in 1974 and Turkey had every right to intervene due it is a guarantor state of Cyprus!! Completely ignoring UN tried to reunite Cyprus since then, in fact in 2004 there was a UN plan called Annan plan but in the referendum Greek side refused the plan by 75% while calling a UN plan ''unfair'', on the other hand Turkish side accepted the plan by 65% and Cyprus was united today if Greek side also accepted!! Claiming Cyprus found ''trillions of worth gas'' while in reality Cyprus only found 300 BCM which worth around 40 billion dollars and Cyprus will only earn 10 billion dollars from it according to contracts they made!! Sadly this video has such an extreme bias and many wrong information you should question every information given by this channel with a grain of salt...
@@ggoddkkiller1342 shut up. Turks have no claim to Cyprus at all
THISSSSSSS is Cyprus and today i'm going to look at its quirks and features, and then i'm going to give it an EEscore
a fellow connoisseur of dougs here...
Ok Doug 🤦♂️🙄
LOL
Completely ignoring a terrorist organization called EOKA-B staged a coup on Cyprus and started to target Turkish Cypriots which triggered Turkish intervention in 1974 and Turkey had every right to intervene due it is a guarantor state of Cyprus!! Completely ignoring UN tried to reunite Cyprus since then, in fact in 2004 there was a UN plan called Annan plan but in the referendum Greek side refused the plan by 75% while calling a UN plan ''unfair'', on the other hand Turkish side accepted the plan by 65% and Cyprus was united today if Greek side also accepted!! Claiming Cyprus found ''trillions of worth gas'' while in reality Cyprus only found 300 BCM which worth around 40 billion dollars and Cyprus will only earn 10 billion dollars from it according to contracts they made!! Sadly this video has such an extreme bias and many wrong information you should question every information given by this channel with a grain of salt...
Starting with the weekend category....I love Doug DeMuro, wonder when his quotes become memes on t-shirts...
Lol I’m sitting in a Amazon warehouse breakroom right now.
Thankyou for being a real life santa's elf before Christmas
in Cyprus? ;)
Demand shares in Cyprus PLC. Don't let Bezos keep it all to himself ;)
You guys get break rooms?
@@fatbasterd5195 they need a place for the flogging
'Your move Wendover" Shots fired, I repeat shots have been fired.
I came to the comments just to give someone a 👍 for making this comment before I could!
5:06 "Your move, Wendover." What does this refer to?
I like EE much better than Wendover, but all they have to do to respond to this is point out that he misspelled "membership".
Why Wendover, though? I don't understand. The place on the map is Liberland but I couldn't find a connection between it and Wendover
@@MatthewStinar same =D
The premise of Amazon buying Cyprus wasn’t really explained in any detail... I was hoping to see more talk of the mechanics and geopolitical implications of a private company attempting to acquire an EU member. A bit disappointed. Interesting history lesson though.
It is interesting history lesson but for someone reason they skipped the part when greek administration tried to expell Turkish representation in the combined government. Turkey responded to these attempts with the occupation of Northern Cyprus
@@sedatmehmed4371 I really believe in love between greek cypriots and turkish cypriots, but people like you sadly prevent it. If you want to state ONLY the outcome of some action as a conclusion, then the biggest one is that Turkey has occupated and running an illegal and unregognised country. I hope you are turkish and not cypriot.
@@michaliskokkinos9740 Don't state people like me. I am pointing out a major event that was omitted in the video. It is important to know why this occupation took place. I am Bulgarian by the way, living in Belgium so the state of Cyprus doesn't have any effect on my life. I just didn't like the skipping over the reason for occupation, which was important and simple enough to explain in 10 seconds
@@sedatmehmed4371 Turkey, being a war-prone. non-democratic country, understands only the language of guns. For NO reason, should Turkey make war and invade a sovereign state (which is what they did). If they had claims, then they sit and discuss them - they don't invade countries, killing people and displacing hundreds of thousands of people from their homes.
Not really, I cannot imagine anyone being stupid enough to entertain such a thought. Except ofcourse a deranged CEO.
Finally, the dream of a real Mythical Greek Amazonian Island can come true.
As somebody from Cyprus, this was the last video I was ever expecting here
Hopefully you enjoy it mate :) Happy Holidays from Aus
Is Turkish Cyprus rightful finish land
@@mikeoxsmal8022 No, Northern Cyprus is rightfully Canadian, obviously. Finland isn't even on the Mediterranean.
@Tmb1112 At this point, Turkey itself needs some democracy.
@@czarofallthecanadas8145 This cracked me up. You, sir, won the internet!
Jeff bezos: buys Cyprus Turkey and Greece: angry military noises
Jeff Bezos: "Alexa, turn off the lights in Athens and Ankara."
It’s only turkey making loud military noises
Amazon would just buy Turkey and Greece
@@yeahokbuddy2510 no one wants to but Greece, because you would essentially buy an economic black hole
@@koenvandenbroek5814 Turkey doesn’t have better economy than Greece though they are both in same shitty situation !
I live in Cyprus and my packages would still be lost.
Hi Zozzy, I have some questions about Cyprus since you live there. will you talk with me, please?
@@belovedgoddess8637 Yes, ask me.
@@itszozzy Awesome! thank you. So recently a friend of mine started talking to a guy who claimes to be getting some inheritance thing from Cyprus. he even showed her some sort of legal "documents" that Talks about the tax he has to pay on the inheritance. I think he is a con artist but I have no way of verifying if the document is real or fake. how can I compare the document she has here with real documents from Cyprus?
@@belovedgoddess8637 lol
Hey Zozzy, I had a question about Nicosia as well, can you answer?
Is Amazon going to buy Cyprus? 1.2 million Cypriots are typing...
...
add me to the list ahahaha
My phone is on fire 🔥
you mean 900k Cypriots. Majority of the population in occupied Cyprus are illegal Turkish settlers. Mainland Turks are not Turk Cypriots.
@@wat4089 Found one!
I for one, welcome our new corporate overlords! I look forward to calling myself an Amazon native and learning the Amazon language.
Nailed it
Learn the Amazon culture and live in Amazon Dynasty.
“””Bezo’s””” of the nation of our “”””greatest”””” Allie
I'm down
As a person that, was born on Cyprus I will bow down
Wouldn't it make more linguistic sense if Amazon purchased the continent of South America?
Don't give them any idea's
It will trigger A LOT of activist.
United Fruit is jealous
The Amazons came from northern Turkey or the Caucasus.
I think what would make most sense would be to just buy the whole world tbh 🤷♂️
“Could you possibly think of a more saturated, competitive, and uninspired business idea?” Caught that one right in the feels. -Coffee professional
Worst part, the absolute most common thing in Cyprus is coffee shops. You cant go more than 300-400 meters apart without a coffee shop or some sort. Even villages that are extremely small have at least 2-3 coffee shops in them.
Cypriots, we’re finally famous
Hi Cassandra, do you live in Cyprus? :)
@@belovedgoddess8637 yes i do!
@@CassandraLoizou oh great. I have a weird question...so if someone have a document supposedly from the ministry of finance in Cyprus, how can I verify if it's real or fake? I tried looking for how official documents from your country will look like but I couldn't really find any.
@@belovedgoddess8637 oh I have no idea i’m so terribly sorry😭 you can call the ministry of finance and ask them though!!
@@CassandraLoizou that's alright. I tried emailing the ministry of finance. Hopefully I will here back from them. If you know anyone who might be of assistance to me in solving this mystery i will really appreciate. If not that's ok too. Thank you very much!
This will be my last video before Christmas so I just want to say thank you all for your continued support in watching our little video's here :)
Merry Christmas! Thank you for another year of great videos.
Merry Christmas Mr economics man from down-under :)
How is this 9hrs ago when vedio released 20 min ago
Thanks for the time and effort
Merry Christmas! Check out the Bolivian economy, it would be great to see a video about it.
Larry Page wanted a private island for google. "Google island".
island=/= nation you can get 100000m² islans fir 1mil$
Which one?
Hahaha
Cyprus locals: *NO!!! NO!!! ITS IMPOSSIBLE FOR COMPANY TO CONTROL A COUNTRY!!!!* Dutch East Indies: *“First time?”*
Cyprus has been a major holiday resort for Brits for as long as I can remember, certainly the 1960s. It didn't just suddenly start in the 1980s.
“Mebership in the EU” - I’m not sure Wendover Productions is worried yet lol
I'm glad I'm not the only one who caught that 😂
@@xxxBradTxxx can you explain?
@@FarfettilLejl Should be Membership, not Mebership.
@@felisalpinis7357 I got that. I was wondering what the connection to Wendover is
He's also pronouncing it "Yee-Yuu" :D
So instead of a “company town” a “company country”?
@@your_averageboi9083 I believe it.
yoUR_average BOI It was a real place. And it was stunning.
A "company country" will of course need a "company military" and then we go from there.
followed by a “company planet"
@@404cp Yes, also known as “Blackwater Inc.”.
I'm a Kenyan who spent some time studying in Cyprus and I'm IMPRESSED by how much research was put into this video. The country is incredibly beautiful yet senselessly divided. It's a great tourist destination. I'd encourage y'all to visit it... Especially the cities of Limassol and Ayia Napa. You'll come out of there with Good memories only
Thanks for commenting Write to my manager Regarding making millions in Crypto +1.2.0.6.8.5.5.5.8.8.4 Do well to let him know I referred you to him
Just found this channel, loving it, great job guys!
imagine amazon being a member of the EU
What could go wrong? Just ignore the little snafu the Trade Federation caused when it got a senate seat, who cares about Naboo anyway?
can wait for Bezos as the emperor of eurokind
They'd still find a way not to pay their taxes
imagine Amazon being in a Mebership of the EU
I mean, we'd really use their money right now
yes found this unlisted video. Is this the new one coming up?
haha yes you have found our secret. It's currently listed for patrons, so lucky you for stumbling upon it I suppose.
@@EconomicsExplained I got here through discord
@@EconomicsExplained On my recommended. Merry Christmas 😂
Wack I got it recommended on youtube
@@EconomicsExplained Awww that makes me feel special. Now that I've got your attention through this secret though(lol), would you be willing to make a video on India's monetary policies? Since alot of the new ones are interesting and/or kinda whack. I think you'll find it interesting enough to make a video on
Amazon: buys Cyprus. Greece and Turkey: It's time for war
Bahahahahaha Turkey probably would yes but Greece never really claimed Cyprus. It's the people who wanted enosis.
@@niikoleta wut!?
@@nosupes929 what?
What do you mean Greece never claimed Cyprus?
@@nosupes929 Learn history
Long time viewer first time commenter. Just love what you’re doing. It’s the little details like “Mebership” title when you say Membership with your lovely accent; and the donkey water pump film clip. Where do you get footage like this! Amazing. Keep up the good work!
“Laws are spider webs through which the big flies pass and the little ones get caught.” ― Honore de Balzac
You mean “Honour the Ballsac?”
I dont think spider web work like that. The bigger you are the more likely for you to go caught in the net.
@@mrfaern it’s just a metaphor you dunce
@@VestigeFinder it didnt work as a metaphor. The only people who are dunce are those who keep using the incorrect metaphor.
@@mrfaern the metaphor is also sarcastic. Balzac's sarcasm is what allows him to invert the logic of how a spider web works. It's used for humorous effect. I think this makes for a fascinating, triple-layered quote.
Could you brake down the 3/10 final score into daily and week-end score? Also, happy new year!
"Mebership in the EU" the Brits got the other M in the divorce
9:41 Lol
🎄 Merry Christmas 🎄 I hope the new year will find you well. Thank you for the distraction during my horrid time
The same to you mate, lots of things to look forward to in the new year, not least of which is putting 2020 in the rear view mirror.
Ho ho ho,merry Christmas 🎅🎅🎅
Oh my god its santa
"In an economic crisis, would you rather have cash or shares in a sinking bank? The answer should be quite obvious." The answer is obviously food.
Careful, he is a HERO!
Or a farm to grow it on, and the ability to defend it.
Guns
Considering the way Governments are always rescuing badly run banks, take the shares. How many times has the U.S. bailed out Citi? 4? 5?
as someone from a country with recurrent crises, i'd say a passport
Great video, really interesting facts about Ciprus. Please make one video about Spain. Merry Christmas and thanks for sharing your knowledge from Galicia, Northern Spain!
"And as always the best way to make sense of all this is to look at the economics..." Explianed video on the subject
Merry Christmas from Western Australia! Hope 2021 finds you well.
You guys over there have another 20 minutes to go right? Merry Christmas all the same.
2021 is the middle of the end
Please do a video on hypothetical countries, eg. A country with the following characteristics: A) central bank is publicly owned B) all money printed is debt free C) there are no taxes. All public expenses and stimuli are paid for with printed money D) government must be small relative to GDP to avoid hyperinflation
Congratulations for the stellar content posted over time, especially in the last year. I really enjoy your content and find it very informative. I am a Maltese citizen living in Ireland(Loved the recent Ireland EE lister). Would you be interested in doing an EE vid on Malta? Thank you. Keep up the grand job. Merry Xmas to the you and the channel as well as to all viewers. May we all have a better and prosperous new year
Completely ignoring a terrorist organization called EOKA-B staged a coup on Cyprus and started to target Turkish Cypriots which triggered Turkish intervention in 1974 and Turkey had every right to intervene due it is a guarantor state of Cyprus!! Completely ignoring UN tried to reunite Cyprus since then, in fact in 2004 there was a UN plan called Annan plan but in the referendum Greek side refused the plan by 75% while calling a UN plan ''unfair'', on the other hand Turkish side accepted the plan by 65% and Cyprus was reunited today if Greek side also accepted!! Claiming Cyprus found ''trillions of worth gas'' while in reality Cyprus only found 300 BCM which worth around 40 billion dollars and Cyprus will only earn 10 billion dollars from it according to contracts they made!! Sadly this video has such an extreme bias and many wrong information you should question every information given by this channel with a grain of salt...
Felt like the video editing was better than usual on this one - nice job 👍🏻
did you just declare war on wendover productions? this will end in bloodshed
Nah it's just an ongoing (unfunny joke) we both released the same video on the same topic at similar time's so now I am salty.
@@EconomicsExplained You two better play nice or we'll have to send in KZhead peacekeeping troops to guard the virtual DMZ. You'll even get a foreign naval base on each of your sites. Not British, though... maybe Bolivian or something.
When I read that title I just literally had to drop everything I was doing and check the video out 😂😂
Same !
Completely ignoring a terrorist organization called EOKA-B staged a coup on Cyprus and started to target Turkish Cypriots which triggered Turkish intervention in 1974 and Turkey had every right to intervene due it is a guarantor state of Cyprus!! Completely ignoring UN tried to reunite Cyprus since then, in fact in 2004 there was a UN plan called Annan plan but in the referendum Greek side refused the plan by 75% while calling a UN plan ''unfair'', on the other hand Turkish side accepted the plan by 65% and Cyprus was reunited today if Greek side also accepted!! Claiming Cyprus found ''trillions of worth gas'' while in reality Cyprus only found 300 BCM which worth around 40 billion dollars and Cyprus will only earn 10 billion dollars from it according to contracts they made!! Sadly this video has such an extreme bias and many wrong information you should question every information given by this channel with a grain of salt...
Loved my time in Cyprus. It was a great place to snorkel and scuba dive.
I would like to add a correction in the reason Turkey invaded Cyprus and how they planned to legitimize said invasion. At that time in Greece there was a military coup which wanted to also stage a coup in Cyprus. At some point in time both Greece and Turkey have signed an agreement where they guarantee the sovereignty of Cyprus. The Greek Junta violated said agreement with the attempt of staging the coup. With this spark Turkey now had a reason to send military troops to "ensure" the sovereignty of Cyprus. In other words if the Greek Junta hadn't attempted the coup , Turkey wouldn't have a legitimate reason to land troops in Cyprus. Edit: source : en.m.wikipedia.org/wiki/Turkish_invasion_of_Cyprus
Considering the fact that Turks even live on the island it’s laughable to think they wouldn’t have found another reason
what you say is correct and the reaction (ignoring the massive crimes) is according to the UN legitimate - having said that, the occupation is not.
Great video as always. And I still get to hold my title as fastest patron in the comment section, just by pure coincidence however, as it is 5:45 a.m. at the time I'm writing this and the only reason I woke up so early is that I couldn't breathe, although luckily not because of the 'rona. Well anyways, many thanks for the amazing content this year, you made a terrible year a good bit better for me. Greetings from Germany and merry whatever holiday you choose to enjoy :)
Legend! Reliable as always my speedy friend. Hopefully you are feeling better soon, that can't be fun no matter what it is. And haha merry whatever holiday you choose to enjoy to you too.
Completely ignoring a terrorist organization called EOKA-B staged a coup on Cyprus and started to target Turkish Cypriots which triggered Turkish intervention in 1974 and Turkey had every right to intervene due it is a guarantor state of Cyprus!! Completely ignoring UN tried to reunite Cyprus since then, in fact in 2004 there was a UN plan called Annan plan but in the referendum Greek side refused the plan by 75% while calling a UN plan ''unfair'', on the other hand Turkish side accepted the plan by 65% and Cyprus was reunited today if Greek side also accepted!! Claiming Cyprus found ''trillions of worth gas'' while in reality Cyprus only found 300 BCM which worth around 40 billion dollars and Cyprus will only earn 10 billion dollars from it according to contracts they made!! Sadly this video has such an extreme bias and many wrong information you should question every information given by this channel with a grain of salt...
@@ggoddkkiller1342 Well in fairness, the guy is an economist, he does economy videos, the history was tacked on more as a factor in that economy and the details don't change anything in regards to that, so it doesn't have to be too accurate. I don't watch these videos for history lessons, but because I like the Australien accent and the economic insight I get.
@@FinnUnv I didn't mean don't watch him mate, in fact i also liked the accent and the jokes but i just wish it wasn't this biased and there were also economic mistakes like ''trillions of worth gas'' that i have absolutely no idea what was it's source. I could consider them as mistakes or poor research but some parts were very accurate indeed like passport scandal. So it sounded to me like deliberate ''mistakes'' to make people post more comments therefore youtube algorithm would recommend the video to more people!! I remember 90s when it was claimed with internet people were going to access information easier but sadly the opposite happened thanks to insane amount of false information circulating around!! I don't really blame the youtuber neither as they are trying to earn more money. But at least he could mention Annan plan etc to make it a little bit fair which will never happen unless we protest so i wrote that comment.
The “passport for sale” more appropriately known as citizenship by investment program has been cancelled. While the EU, certainly didn’t like it, that wasn’t why it was cancelled. Too many criminals made it through the system because the Cyprus government didn’t do the proper due diligence screening the applicants. I expect them to reform their processes and reopen the program. For small nations like Cyprus, the revenue gained from citizenship by investment programs contribute a significant portion to the GDP. Some of the Caribbean nations that have them receive as much as 40% of their GDP from citizenship by investment. When Grenada was hit by 2 hurricanes/tsunamis back to back, it completely destroyed the entire island. The revenue from their citizenship by investment program is the only thing that allowed them to rebuild their nation.
Yeah, but the potential for abuse, when citizenship in Cyprus allows you EU access to the whole, makes it questionable at best. I wish Cyprus well, but this is a conflict of interest.
Shorewall How is it a conflict of interest? And between whom? Malta offers the same thing with different investment requirements and EU citizenship. Only difference is they have in the past and currently, do the appropriate due diligence to ensure only proper applicants are approved.
Thank you so much for this video💗 your explanation was very clear and has helped me with my duediligence. Defo gunna subscribe for more now :)
Amazing that a single corporation has this much power for this idea to actually be a realistic possibility
**Mebership in the EU.** Embrace the the spelling. Or Ebrace it.
the the
@@Nestoras_Zogopoulos The particular "the" I'm referencing.
He wanted to buy Cyprus so that he can have a base/facility to build the *_Arsenal Birds to invade Europ-_* I MEAN Amazon Drone Carriers to deliver goods better and increase Cyprus' economic growth. On the other news, you can rent the country of Lichtenstein for 2 nights for only $70,000.
Ok everyone pack-up we're moving to Lichtenstein! Do I get a fancy crown?
Ah, I see you're a man of culture as well.
Completely ignoring a terrorist organization called EOKA-B staged a coup on Cyprus and started to target Turkish Cypriots which triggered Turkish intervention in 1974 and Turkey had every right to intervene due it is a guarantor state of Cyprus!! Completely ignoring UN tried to reunite Cyprus since then, in fact in 2004 there was a UN plan called Annan plan but in the referendum Greek side refused the plan by 75% while calling a UN plan ''unfair'', on the other hand Turkish side accepted the plan by 65% and Cyprus was reunited today if Greek side also accepted!! Claiming Cyprus found ''trillions of worth gas'' while in reality Cyprus only found 300 BCM which worth around 40 billion dollars and Cyprus will only earn 10 billion dollars from it according to contracts they made!! Sadly this video has such an extreme bias and many wrong information you should question every information given by this channel with a grain of salt...
Turkey: Kibris is Turkish Greece: Kypros is Greek Amazon: Gentlemen there is a solution you're not seeing.
Having lived in a few countries i can tell you that the quality of life in cyprus is wayyyy better than a lot of other developed first world countries. I can also tell you that the invisible earnings give cyprus a higher gdp than was shown here.
if you know somebody that knows somebody in Cyprus i agree it's nice to live in Cyprus but if you are a nobody who wants to start from zero in Cyprus then what are your chances to grow big and build something valuable? Close to zero. That's the difference between Cyprus and other first world countries. The invisible earnings you are talking about are black money which don't provide economical growth of the country but maybe of the people but if you think that a EU country like Cyprus, where the minimum wage doesn't even exist, where labor doesn't have a price and where you can still work like a waiter and get paid between 600-800 Euros in comparison with cost of living which is higher than many other countries means that we are a better country than anybody else, you my friend are sleeping. Price per sqm in Leipzig = 9,42 Euros, Same in in Limassol = 8 Euros. Price of Bread in Germany = 1 Euro same in Cyprus = 2 Euros Price of a Dacia Sandero in Germany= 8.690 in Cyprus= 12.900 and Average wage of a Gymnasium teacher in Germany = 26.25 per hour same job in Cyprus =12.81 and i can go on and on for bills, education, and everything else. What you are saying is pure BS in it's highest
and if you look infrastructure, trains, buses, metro stations, playgrounds, quality of buildings and building materials we are a far cry from good. Reason i am comparing us to Germany? Germany was also not free until 1989 but because of their mentality and culture they build an empire. And we as Cypriots look at our country and say it's better, pshhhh purely disappointed of your comment
@@kyriakosCF , pourdes!! So cyprus doesnt have metros, trains and big coaches, so what!, its not like cyprus needs them given the population is less than a million and the geographical size of a speck of dust. Lets look at the economic powerhouse that is germany. Gremany has high tech industries that you seem to like so therefore do you recognize that heavy industry and many like it have also given the german acid rain?, their environment no longer has iconic sites like the black forest any more and no longer the ckean air they once used to have. Lets stay on the subject of germany a little more koumbare and look at facts. Did cyprus receive aid from the marshal plan? Germany did. Did germany get partitioned 47 year ago losing 70% of its resources with 40% of it population turning into refugees?, cyprus did. Did germany pay back debts she owes other countries, like poland and greece? NO ! theres more i can say about the krauts but hopefully you get the picture. Lets compare other first world countries if you like. How are human rights and safety in the usa compared to cyprus? In the usa is education and health free? like in tiny little cyprus? Does rich japan impress you? You realise they work many hours free of charge? Are you prepared to work more than 10 hours a week for free? Lets not soeak of their glow in the dark environment or large suicide rates. You say starting from zero in cyorus knowing nobody is hard, well tell me where its easy then. Knowing people isnt a panacea and often its a two edged sword if those that you do know are toxic. So tell me then, whats youre background? A pakistani?
Cyprus: * exists * Amazon: I'll take your entire stock
Amazon: InVeSt!
island*
wait no thats the british
Amazon: its (almost) free real estate
Could you do a video on Argentina? And how they have struggled to grow for many years?
You should do Colombia next. I’d like to see how my homeland does in that leaderboard.
Can you do the EE of the complicated nation of Zimbabwe. That will likely require some weeks of research though, but it will also likely be one of the most interesting videos
Cyprus actually is completely mine.
You must be Russian 😆 🤣 😂
The fact a business could even be considered for buying a country is worrying
Expect anything from the globalist.
Most businesses are much better run than most countries. So to me it actually makes me hopeful for the future!
Really? I find it liberating. It means you, as a person with nothing but the laws of the universe can do whatever you want.
@@loukasfrantzolas6494 that's already what Governments are doing. And they're doing a bad job.
@@jeffb.140 you clearly haven’t had to work in corporate America I can assure you there is plenty of inefficiencies in place in the private market.
Great video. Overall good scripting, presentation and production. Only one major typo at 9:41 "Mebership".
Merry Christmas and great Video as always .... Can you please create one on Turkey's economy ....especially throwing some light on how the current sanctions and the country's long-term religeo-political aspirations might impact the economy ...
5:31 it's pronounced "nick-o-SEE-a". But otherwise, good video.
It's actually pronounced "Lehfkoseea", by the local Greeks. ;)
English deteriorates any other language's pronunciation
Yeah I heard that also 😳
Also the UK has the souvernty over the territory of their military bases. This was a part of the contract made between Cyprus and the UK during the decolonisation.
Merry Christmas EE. Consider your video blessed.
Nice video ee man
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Fun fact: Cypress is one of the only countries in the world who’s number 1 Foreign Direct Investor is CYPRUS! That’s not a typo. Haven’t even watched this yet, but it’s probably to establish a corporate geographic domicile as a self managed tax shelter. Gonna watch and see if I guessed right. Edit: Got less than 30 seconds in, then gave myself a pat on the back. When you’re good you’re good 🤷♂️
iamverysmart
Cringe
This video was interesting and all and it taught me a lot about the economy of Cyprus, but I felt it didn't really expand on the video title aside from saying "it's not going to happen."
So you're saying that ads I see on the Internet to buy a villa in North Cyprus aren't a deal of the century?
Yes you should go for them. They ARE a deal of the century. (Just make sure to have your apache Attack helicopter ready if the Turks show up)
Hey love your videos, greetings from Colombia.
Politicians: you cant buy a country Billionares: WATCH ME
Before the video started I skipped an ad telling me to invest in amazon
wait there are actual adds that market amazon stock?
@@EconomicsExplained yes
@@EconomicsExplained yes, but they're only marketed to the likes of Joseph Stalin
get KZhead Vanced
@@kyriacosstavrinides893 lol
We would love to see you rate Finland in your next video!
Absolutely love videos like this, but what I would love most of all is something about possible ways to break the grip that investors have on our economy. Would it be possible for countries to somehow make the economy work for its citizens instead of for the wealthy few?
its Cypriot not Cyprion, atleast thats what it sound like when you say it :)
I heard that too 😳 he definitely mispronounced the word more than once and yeah IT'S CYPRIOT NOT CYPRIAN OR CYPRION
At 5,30 He had a stupid pronunciation for the capitol city - Sounding something like Nicozeya rather than Nik O See A! By accent, not sure if the guy is Australian mixed in with South Aprican with a dash of American splashed in there! Peace.
@@anthonytaylor9232 probably hasn't a clue where Cyprus is.. he is just a squirrel selling Acorns...
Completely ignoring a terrorist organization called EOKA-B staged a coup on Cyprus and started to target Turkish Cypriots which triggered Turkish intervention in 1974 and Turkey had every right to intervene due it is a guarantor state of Cyprus!! Completely ignoring UN tried to reunite Cyprus since then, in fact in 2004 there was a UN plan called Annan plan but in the referendum Greek side refused the plan by 75% while calling a UN plan ''unfair'', on the other hand Turkish side accepted the plan by 65% and Cyprus was reunited today if Greek side also accepted!! Claiming Cyprus found ''trillions of worth gas'' while in reality Cyprus only found 300 BCM which worth around 40 billion dollars and Cyprus will only earn 10 billion dollars from it according to contracts they made!! Sadly this video has such an extreme bias and many wrong information you should question every information given by this channel with a grain of salt...
As a fellow Cypriot the first part of the tittle really startled me
It's bullshit.. he's just a squirrel selling Acorns (see advert) Cyprus is not for sale...
The discussion about deposits being converted to stock is an example of "impermanent loss" and may be a interesting topic for you to cover in the future.
Wish you mentioned the Minoan civilization and the temple there. Great video.
I think you should review the economic situation of Cyprus. Things have changed really fast and the country's economy has outperformed most of the other European nations. I don't believe that a score of 3/10 is fair in 2023.
Thank you for that, i am my self a cypriot and as i know cyprus is expected reach 40 bilion gdp in 2028-2030 which is almost 2x from 2019
Thank you for the video. I am a Greek Cypriot and you were very accurate on our history.
sure sure but he forgot to mention the turkish people murdered by eoka
You forgot the invasion turkey did to us killing a lot of civilians. The propaganda of turkey has no limits brainwashing its own people.
@@steliostsoumas Turkey didn't invade. They intervened to save their people from genocide.
@@iconvlogs2110 really? occupying half the island is saving people from genocide? There was no genocide. It was all planned for Turkish occupation.
@@spyridon.6048 your answer clearly suggests you are uninformed. Turkey doesn't occupy half the island its more like a quarter. Its just the north coast and a very small portion of inland. Research s book called "The Genocide Files " have a read. I have lived in cyprus for 6 years. 3 spent in the North 3 spent in the South. Whats funny is the Greek point of view is Turkish invaded and caused chaos. They can't let it go. The Turkish point of view is alot more accepting and forgiving. People on both sides lost alot.
*Membership... Also breaking news about a UK/EU agreement... hope you do a new video covering that!
@ 7:53 the school of business I attend quit allowing students the options of café or dispensary as a capstone
I wrote the very same thing about Apple purchasing Cyprus for the very same reason a few years back.
"Mebership" is hurting me
So is "supposebly"
Clicked on this because I played a concert INSIDE the DMZ on Cyprus (one of those "let's bring leaders from both sides together" type of things) many years ago and wondered if things were still the same there...
Awesome content like always
“Your move wendover” loool 🤣
Wow. You're never getting over that Australia Corporation video, are you?
NEVER!!
Super interesting one! Thank you!
Saw 6 ads to watch 1full video. Great utilisation of personal time.
The gas discovery was made within Egypt’s EEZ. No gas find was made so far thats worth exploiting within Cypriot EEZ.
Could you do the Micro Nation of Nauru? You’d be able to speak about the fall in GDP as they blew all their phosphate money
there is some video like this on youtube and is quite good
Merry christmas mr micheal ;)
9:41 Mebership yeah? Good video as always.
9:44 Membership*
Bezos would just build a platform out at sea and turn into the enclave from Fallout.
more like build something like Arsenal Birds and invade Europe
Describing agriculture at a ‘relaxing’ way of living i just find that interesting
Right? One of the most stressful ways of living rather
Will the national leaderboard get the nations you made a video for before creating the leaderboard?
Can’t imagine how fast it would take Amazon to deliver stuff to my house
Me: sees title Also me:*Angry greek noises*
do you plan to do a video on Myanmar(Burma) as well? Its economy and politics are quite interesting as well.
What was the meaning of "your move Wendover" at 5:06, showing an island that looks like it's in Serbia? Can't find any reference to this.