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71% of Cypriots Say Parliament Should Reject Bailout

Tyler Durden's picture




 

With President Anastasiades concluding his remarks, Cypriot public opinion, as it has changed over the first critical 24 hours after yesterday's Eurogroup decision, are recorded in a survey conducted by the Insight Market Research (IMR) agency at the University of Nicosia. The survey shows that the first reaction of Cypriots can be characterized as anything but positive with 71% believing the the House should reject the deposit haircut imposition and a full 73% believe that President Anastasiadis and the Cypriot delegation "failed to secure a good deal." 72% believe that depositors below EUR100,000 should not be affected at all but 62% believe Cyprus should stay in the Euro. Begging the question, when's the next Cypriot election?

 

 

Chart: SigmaLive

 

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Sun, 03/17/2013 - 14:48 | 3339089 JeremyWS
JeremyWS's picture

I still blame Bernanke. Somehow it must have been him the bearded bastard

Sun, 03/17/2013 - 14:49 | 3339095 Chuck Norris
Chuck Norris's picture

How long before the U.S. does the same thing?

 

Oh wait, they are. Just disguised as taxes and inflation.

Sun, 03/17/2013 - 14:54 | 3339108 flacon
flacon's picture

The 29% probably are so broke that they don't have any money to their name and don't care. Debtors vs. Savers. FOFOA had a good article on that. 

 

http://fofoa.blogspot.ca/2010/07/debtors-and-savers.html

 

Read the part about Karl Marx had it backwards. Specifically:

 

"The two classes are not the Labour and the Capital, the rich and the poor, the proletariat and the bourgeoisie, or the workers and the elite. The two classes are the Debtors and the Savers. "The easy money camp" and "the hard money camp". History reveals the story of these two groups, over and over and over again. Always one is in power, and always the other one desires the power.


1. Debtors - "The easy money camp" likes to spend (and redistribute) money it did not earn, either by borrowing it, taxing the savers for it, or printing it. They like easy money because it is always and everywhere constantly inflating, easing the repayment of their debts.

2. Savers - "The hard money camp" likes to live within their means and save any excess for the future. They prefer hard money (or in some cases "harder" money) because it protects their savings and forces the debtors to work off their debts."

Sun, 03/17/2013 - 14:57 | 3339137 otto skorzeny
otto skorzeny's picture

Marx had a hard-on for the middle-class

Sun, 03/17/2013 - 15:08 | 3339197 Careless Whisper
Careless Whisper's picture

The Careless Whisper SUNDAY NEWS READING and Threadjacking

 

Univ. Of Penn Study: 60% Of Wall St Investment "Bankers" May Be Opiate Drug Addicts

http://www.nypost.com/p/news/business/new_high_finance_gF1594vGbhI1i0FYS...

CT Newspaper Poll: 79% Oppose More Gun Regs

http://www.greenwichtime.com/local/article/Poll-results-Most-oppose-more...

San Francisco Housing Czar On Paid Sick Leave Opens New Restaurant

http://blog.sfgate.com/cityinsider/2013/03/17/embattled-public-housing-c...

Official IMF Statement On Cyprus: "appropriately allocates the burden sharing"

http://www.imf.org/external/np/sec/pr/2013/pr1380.htm

Pres. Of Saxo Bank: "If you can confiscate 10%...you can confiscate 100%"

http://www.tradingfloor.com/posts/cyprus-bailout-major-game-changer-1728...

 

 

Sun, 03/17/2013 - 15:35 | 3339318 hooligan2009
hooligan2009's picture

andddddd..dont forget Cohen at SAC Capital

http://www.bbc.co.uk/news/business-21809590

Sun, 03/17/2013 - 15:39 | 3339339 dogbreath
dogbreath's picture

There is somthing strange about this Cyprus thing and it goes back before this shitty deal.  Cyprus banks were offering 6% and 8% yields on EUR and USD deposits.  So they suck in money seeking yield and then rip them off for 10% and chasing them to some other place.  Wash rinse repeat???

 

Sun, 03/17/2013 - 16:09 | 3339438 falak pema
falak pema's picture

they don't rip them off! They play games with them and lose heavily with huge whale like deficits. Then they go running to the EU and say "bail us out!".

Admittedly there was principally contagion from Greek financial losses so it was knocked on from Athens burning; but these bankers were obliged to rip those guys off by the EU to get aid and stay in EU!

And they had another solution. Those interest rates were to attract the easy russian money all gone up in Greek debacle smoke! WHence the 10% "sweetner" to the Ruskis...instead of 15% possible.

Read my post above (below).

Sun, 03/17/2013 - 17:08 | 3339717 dogbreath
dogbreath's picture

but those rates should have been a warning that all is not right.  any stable economy  is paying 3% or less.  

Sun, 03/17/2013 - 15:15 | 3339221 James_Cole
James_Cole's picture

Based on skimming the very poorly reasoned FOFOA blogpost, whoever wrote it had little to no understanding of Marx and I don't mean in just a theoretical sense.

The two classes are the Debtors and the Savers. "The easy money camp" and "the hard money camp". History reveals the story of these two groups, over and over and over again. Always one is in power, and always the other one desires the power.

A good example of selective perception & the need to boil complex problems into absurd reasoning 5 year olds can understand. 

Sun, 03/17/2013 - 15:32 | 3339297 idea_hamster
idea_hamster's picture

Um ... in a word: no.

Read FOFOA's blog -- and don't just skim.  Just because the common elements he identifies are simple, that doesn't preclude his analysis from being original, subtle and elegant.

Sun, 03/17/2013 - 15:59 | 3339406 James_Cole
James_Cole's picture

Read FOFOA's blog -- and don't just skim. 

Too many words, too few ideas. His main point (other than misappropriating Marx) centres on the idea that there are people who save certain assets in the expectation of fixed values and those who take advantage of floating values. He then goes on to use this rudimentary analysis to label all groups of people throughout history either debtors or savers. 

Guess what, power systems will use whatever is at their disposal to control - to them the methods are relatively arbitrary - this can be shown over and over in history. 

Sun, 03/17/2013 - 16:14 | 3339477 idea_hamster
idea_hamster's picture

Well, I'm not going to say that FOFOA wins any awards for being succinct, but if that's your take away, then I can understand why you would disagree.

However, I think your basic grasp of FOFOA's underlying point is incorrect.

Sun, 03/17/2013 - 19:23 | 3340228 malek
malek's picture

Yes, that was one of the best eye-opener articles I ran across. Simple and straight to the point. Kudos to FOFOA!

Sun, 03/17/2013 - 14:59 | 3339154 SeverinSlade
SeverinSlade's picture

Think it is safe to say that Bernanke had advanced knowledge of this. Seems too coincidental that European banks operating in the US had a $100 billion injection the week before

Sun, 03/17/2013 - 16:15 | 3339478 max2205
max2205's picture

If they had snap cards the number opposed would be like 23%

Learn from Barry

Sun, 03/17/2013 - 15:22 | 3339185 McMolotov
McMolotov's picture

Whether parliament rejects the bailout is probably irrelevant at this point. The bag is now cat-less, and this has likely shaken people across Europe of the delusion that their savings are protected in a bank. I don't see how there won't be bank runs.

In the US, the media will be quick to remind the sheep that our savings are "fine" because we have the Fed to backstop everything. Just be sure to ignore the fact that all that printing devalues our savings. If enough people in the US catch on to the scam — that the same thing is being done in secret to our savings as was done in Cyprus — there will be bank runs immediately followed by a dumping of those dollars into anything of physical value.

It can't happen quickly enough as far as I'm concerned. The events of this weekend should rightfully be the spark that burns the whole thing down.

Sun, 03/17/2013 - 15:07 | 3339188 earleflorida
earleflorida's picture

with obi lecturing the public on balancing the budget the other day... it had occured to me that it was under his watch that it has gone up a whopping 33% in 4 years!!!

talk about a tackless hypocritcal oaf

Sun, 03/17/2013 - 15:11 | 3339206 lolmao500
lolmao500's picture

Exactly. No difference at all between the bank bailouts and the FED 0% interest rate and what Cyprus is doing. Cyprus is doing it the ``stupid way so the sheeple wake up``... Ben is doing it ``the smart way so only smart people figure it out``...

Sun, 03/17/2013 - 15:19 | 3339239 James_Cole
James_Cole's picture

No difference at all between the bank bailouts and the FED 0% interest rate and what Cyprus is doing.

There are some pretty major differences. 


Sun, 03/17/2013 - 15:21 | 3339254 lolmao500
lolmao500's picture

Nope. They take private money and give it to bankrupt banksters. Doesn't matter if it's through public debt or inflation. They rob the common people so big banksters can do more gambling and give themselves bigger bonuses.

Sun, 03/17/2013 - 15:50 | 3339378 James_Cole
James_Cole's picture

Your 'point' wasn't difficult to grasp the first time. 

Sun, 03/17/2013 - 16:07 | 3339452 20-20 Hindsight
20-20 Hindsight's picture

As I posted elsewhere today, Cyprus is doing it overtly, while the US is doing it covertly.

I guess the US politicians and banksters figure that citizens are way too dumb to figure this one out... and, sadly enough,they're right.

Sun, 03/17/2013 - 17:58 | 3339897 Lore
Lore's picture

But: "62% believe Cyprus should stay in the Euro."

In Cyprus, even the direct approach is not enough to wake up the 62%.

Sun, 03/17/2013 - 14:56 | 3339116 Banksters
Banksters's picture

 

Merkel: Cypriot depositors must share responsibility http://ekathimerini.com/4dcgi/_w_articles_wsite1_1_17/03/2013_488307

 That bitch, not to be confused with bitchezzz, just hit the hornets nest..   Go Beppe!

 

Sun, 03/17/2013 - 15:04 | 3339181 Debeachesand Je...
Debeachesand Jerseyshores's picture

Shareholders and Bondholders will not receive a "Haircut".

That seems fair to me---------------Yeah Right.

Sun, 03/17/2013 - 14:54 | 3339117 Croesus
Croesus's picture

Look, the Dow is at all-time highs.....What other proof do you need, that the US is in recovery mode? </sarc>

FUCK YOU BERNANKE!

Sun, 03/17/2013 - 23:22 | 3340952 rotagen
rotagen's picture

Yes, Bernanke is indeed fun to blame but if you look closely you can see little strings moving his arms, legs, head and most definitely his lips.

Sun, 03/17/2013 - 14:49 | 3339092 A Lunatic
A Lunatic's picture

You all know how unreliable polls are............

Sun, 03/17/2013 - 14:50 | 3339100 JLee2027
JLee2027's picture

The "crazy" has only begun. Next stop 100% confiscation.

Sun, 03/17/2013 - 16:05 | 3339208 TheSilverJournal
TheSilverJournal's picture

Confiscate what? Fiat paper and digital code? They won't confiscate fiat on a very large scale when they can just create the stuff themselves with a few keystrokes. I mean, look at how pissed the Cypriotics are at their government...no politician wants that. Just keep on increasing the rate of QE and and the mass uproar is nil. The mistake they just made is they let the EU depositors know that their deposits are not really their deposits once it goes into the banking system. With any luck, this will start the worldwide run on the banks beginning with Greece, then Spain, then Italy, then we see the cookies crumble. A lot of people get hurt when ponzi schemes collapse, but that is no excuse to keep the ponzi going and destroy even more people's lives. Will this be the start of the big bank run?...I don't know. But this joke of worldwide fiat monetary ponzi can only last a few more years at tops.

The central planners confiscated the real money a long long time ago.

Mon, 03/18/2013 - 14:56 | 3343714 MeelionDollerBogus
MeelionDollerBogus's picture

no government wants that? WHY NOT? Governments GET DE-STABILIZED. It's not all accidental.

Follow the money, plot the course of the ripples & ask who benefits.

Sun, 03/17/2013 - 14:51 | 3339102 Element
Element's picture

Fortunately 71% does not constitute a majority (in the eurozone) and this is not a democratic process anyway.

Sun, 03/17/2013 - 14:53 | 3339104 JustObserving
JustObserving's picture

77% of Americans were opposed to a bailout of US banks in 2008. But Hank Paulson got his way.

The West has perfected democracy - fascism when it matters but otherwise eternally democratic.

Yes, we can  - believe everything Obama says.

Sun, 03/17/2013 - 14:59 | 3339143 Element
Element's picture

Curiously when someone says I'm taking 10% of your savings, most people would say Hell-no!

But according to this, 29% of Cyprus just said, "Why sure! Is there anything else I can get for you, sir?"

They sure have some damn fine MSM spinners, to get a result like that ... or a country full of idiots ...

Something's wrong with that picture.

Sun, 03/17/2013 - 15:02 | 3339164 JustObserving
JustObserving's picture

29% of Cypriots do not have money in the bank or work for the banks. Do not tax me, tax that man behind that tree.

Sun, 03/17/2013 - 15:06 | 3339190 Piranhanoia
Piranhanoia's picture

The 29% were working on where their next meal was coming from and didn't have time to vote.

Sun, 03/17/2013 - 15:25 | 3339278 James_Cole
James_Cole's picture

That 29% is probably made up mostly of the Bankers and the Turks (most of whom still use the Lira). 

Sun, 03/17/2013 - 20:17 | 3340371 mjcOH1
mjcOH1's picture

"according to this, 29% of Cyprus just said, "Why sure! Is there anything else I can get for you, sir?""

 

29% figured out there'll be a 100% loss of deposits on Wednesday, if Germany doesn't bail them out.

Sun, 03/17/2013 - 16:47 | 3339615 shovelhead
shovelhead's picture

Lol,

That means 29% would rather keep 90% of something than 100% of nothing.

Which is what they'll get if the banks fold. That's why the Troika thinks it will fly.

I think the 71% are overly optimistic about getting their money out once the doors close. Depositors need to know that they are the bottom of the food chain in the world of finance.

This ought to do it.

 

Mon, 03/18/2013 - 14:55 | 3343707 MeelionDollerBogus
MeelionDollerBogus's picture

Maybe it means 29% couldn't take the time to say "no" because they were busy having boating accidents? Cyprus is an island after all....

Sun, 03/17/2013 - 14:52 | 3339109 hooligan2009
hooligan2009's picture

anyone would think the president of cyrpus did not have a mandate to allow the eurozone to take 10% of citizens of cyprus' money!!!

Sun, 03/17/2013 - 14:53 | 3339112 Ghordius
Ghordius's picture

"62% believe Cyprus should stay in the Euro", 72% would like a better deal, and parliament has to make the necessary law yet

and yet nobody has a better option, and I doubt Cypriots would prefer to have a bankrupcy that would erease nearly all their savings

after all, the other europeans are chipping in 10bn

Sun, 03/17/2013 - 14:57 | 3339135 Winston Churchill
Winston Churchill's picture

Yeah, 62 % want to be ass raped again.

Well,at least they won't need lube next time 'cause they know

whats coming.

Sun, 03/17/2013 - 14:58 | 3339113 Edward Fiatski
Edward Fiatski's picture

If it has to pass, then there definitely needs to be a threshold for accounts with, say, below EUR 20k that don't get a dent, unless, of course, this whole charade is to milk the majority of the populace.

Germans/Brussels are either fucking dumb in their calculations, or they're aiming for the latter.

Sun, 03/17/2013 - 14:55 | 3339121 EscapeKey
EscapeKey's picture

How cute.

As if the parliament works for the voter.

On the contrary, parliament works for "the best interests of the voter", with heavy emphasis on the quotation marks.

Sun, 03/17/2013 - 14:56 | 3339128 Croesus
Croesus's picture

Let's Get Ready to RUMMMMBLE!

https://www.youtube.com/watch?v=Uu4emT6btH4

 

Sun, 03/17/2013 - 14:56 | 3339133 Whoa Dammit
Whoa Dammit's picture

Fat lot of good it will do them.

Sun, 03/17/2013 - 14:57 | 3339134 holdbuysell
holdbuysell's picture

I'm wondering where the Cypriot politicians' money is at this point.

Sun, 03/17/2013 - 14:59 | 3339136 ArrestBobRubin
ArrestBobRubin's picture

71% of Cypriots think so eh? Yeah but who cares what they think??

Clearly "Is it good for the Jews?" is ALWAYS the only fair consideration and thus should be the only question asked here.

Sun, 03/17/2013 - 14:58 | 3339142 Banksters
Banksters's picture

83 cents of all Greek bailout money goes back to German, French and English banks.

 

And Brussels complains about Russian money laundering in Cyprus.   Well, something tells me that this is going to not play out well...  Bye bye euro

Sun, 03/17/2013 - 14:59 | 3339145 Seasmoke
Seasmoke's picture

i believe Americans were over 80% against bailouts........We see what that meant

Sun, 03/17/2013 - 14:59 | 3339146 northerngirl
northerngirl's picture

"72% believe that depositors below EUR100,000 should not be affected at all"

So, it is O.K., to do to someone else as long as it does not affect me?  That is just wrong on so many levels.


Sun, 03/17/2013 - 15:02 | 3339166 EscapeKey
EscapeKey's picture

that's essentially the bedrock of socialism - we want <free shit>, and <x> should pay for it, where <x> is not me.

Mon, 03/18/2013 - 14:53 | 3343698 MeelionDollerBogus
MeelionDollerBogus's picture

So long as it's consenting, not centralized & preferably not government, I'm all for it. Those who choose to leave will let the others figure their way out collectively. Those who join KNOW if they bring more to the table it's their up-front loss until (if) the collective does something incredibly useful.

Sun, 03/17/2013 - 15:08 | 3339186 Edward Fiatski
Edward Fiatski's picture

Above 100k - that's working on the assumption that the vast majority, 95% of the people, do not have anywhere near 100k in cash stashed away in their bank accounts.

But then again, 9.9% for over 100k and you still have capital flight.

This bullshit bailout is retarded from any angle - I think ECB wants to burn the world and start World War III - here and now: capital flight not only from Cyprus, but also Italy, Spain, France & co, further collapse of the banking system, collapse of consumer spending, collapse of China.

Game over.

Sun, 03/17/2013 - 15:07 | 3339194 Joebloinvestor
Joebloinvestor's picture

Doesn't matter, the damage is done.

 

Expect major bank runs throughout Europe on monday, that is if they open the banks.

Sun, 03/17/2013 - 15:17 | 3339222 Edward Fiatski
Edward Fiatski's picture

Bingo.

If I had any sizeable position of EUR cash in ANY EU bank, I'd be shitting bricks right this moment.

EUR$ opened 1.2940.

Sun, 03/17/2013 - 16:48 | 3339617 ArrestBobRubin
ArrestBobRubin's picture

And, as a US taxpayer, expect a further yid-fucking as the Jewish crime syndicate sometimes referred to as the "Fed" bails out said banks in Europe (yet again), should any runs occur.

Sun, 03/17/2013 - 15:10 | 3339201 Scalaris
Scalaris's picture

Somewhat O/T but Cyprus' president just anounced in his speech that natural gas-linked bonds will be given in exchange for half the value of the expropriated deposits, for those who are willing to allow for their deposits to remain in Cyprus bank accounts, as they were.

Sun, 03/17/2013 - 15:17 | 3339230 Careless Whisper
Careless Whisper's picture

You left out the part about 3 years in jail if you don't pay the "10% tax for bonds" scheme.

Sun, 03/17/2013 - 15:22 | 3339218 earleflorida
earleflorida's picture

as the lonely cassandra wrestles down his pen... thoughts no more, tis sleepy tyme again-- sobbing, yet triumphant in his sullen anguish 

Sun, 03/17/2013 - 15:20 | 3339245 Fix It Again Timmy
Fix It Again Timmy's picture

"The events of this weekend should rightfully be the spark that burns the whole thing down."

Amen, Amen, Amen!!!!!!!!!!!!!!!!!!!!!

Sun, 03/17/2013 - 15:24 | 3339269 U4 eee aaa
U4 eee aaa's picture

and in other news......

.....researchers discovered today that the sky is blue....

Sun, 03/17/2013 - 15:24 | 3339271 tony bonn
tony bonn's picture

"...but 62% believe Cyprus should stay in the Euro..."

fucktards one and all....then they have no choice but to accept the haircuts and to shut their stupid fucking complaining...

Sun, 03/17/2013 - 15:32 | 3339304 Sudden Debt
Sudden Debt's picture

those with a million are long gone.
those with a 100.000 ... the smart ones are also gone.
it will need to come from those 1000 euro checking accounts.

also... people don't want THEIR money to be affected....
only the other peoples money....

HAHAHAHAHA Solidarity rocks!

Sure! reject the bailout, let them go bust and everybody loses all their money!

Sun, 03/17/2013 - 15:35 | 3339317 sitenine
sitenine's picture

So, can we safely assume that 29% of Cypriots don't have bank accounts?

Sun, 03/17/2013 - 18:10 | 3339352 22winmag
22winmag's picture

Well sort of, the 29% are illegal aliens working under the table for cash, just like in 'Merica.

Sun, 03/17/2013 - 16:00 | 3339413 falak pema
falak pema's picture

You know that the Cypriot government HAD a solution to protect the small guy whose deposits were GUARANTEED BY LAW.
The solution was to tax the unguaranteed deposits of non residents, the Russian element, to 15%...instead of the 10% finally agreed with EU. It gave the same result that the EU wanted.

That way no damage done to the local guaranteed tranche. The Cypriot government refused this OPTION in order not to scare away the Russian easy money faction SO GOOD FOR THE BANKS!

Read about this here :  Cyprus Goes After the Little Guy - NYTimes.com

Sun, 03/17/2013 - 16:12 | 3339433 akak
akak's picture

 

The solution was to tax the unguaranteed deposits of non residents, the Russian element, to 15%...instead of the 10% finally agreed with EU. It gave the same result that the EU wanted.

That way no damage done to the local guaranteed tranche. The Cypriot government refused this OPTION in order not to scare away the Russian easy money faction SO GOOD FOR THE BANKS!

That is an idiotic argument (but I am not calling you an idiot, Falak).

I think that the Russians were going to be almost equally scared whether they had 15% of their bank funds confiscated, or 'merely' 10% of them.

Sun, 03/17/2013 - 16:36 | 3339495 falak pema
falak pema's picture

Agreed, but the Cypriot banks pay them hi interest and they also benefit from good tax rates for all this cash that passes thru... 

Having been hit by Athens burning in current crisis beyond their own means, the Cypriot government is now going to try and salvage what trust remains, singing "never again" as does the Eu on the one-off tax deal!

Its called passing the buck and praying the russian gravy truck comes back again; especially as this gas thingie has created a potential bonanza that interests those Ruskis...unless the ponzi burns in the meantime!

That is beyond their puny capabilities; its in the hands of Draghi/Merkel.

PS : According to TDs' latest post, the EU is getting panicky as well and is ready to change the goal posts to 3.5 & 12.5/13% respectively.

Lol, ain't Euro soccer a funny game the goal posts keep changing their position.

Sun, 03/17/2013 - 16:10 | 3339464 goldenbuddha454
goldenbuddha454's picture

"71% say parliament should reject bailout" only means 'it needs to be passed so they can see what's in it'.  Go get em Nancy!

Sun, 03/17/2013 - 16:18 | 3339497 They Tried to S...
They Tried to Steal My Gold's picture

This is like the prostitute who's pimp's beatings dont require hospital stays and thinks she's got it good compared to her friends...

and then still wants to be part of the pimp.

Sun, 03/17/2013 - 16:20 | 3339506 They Tried to S...
They Tried to Steal My Gold's picture

And can we even beleive this 71% number? who produced it? who paid for it? 

Sun, 03/17/2013 - 16:26 | 3339531 resurger
resurger's picture

Fuck the EURO

Sun, 03/17/2013 - 16:44 | 3339604 Totentänzerlied
Totentänzerlied's picture

"72% believe that depositors below EUR100,000 should not be affected at all"

How about instead of being motherfucking populist morons, they stick to just not stealing money from people, or at fucking very least not from innocent people, at all?

Vision of the future right there, Americans. "If you have more than $100,000, you're a wealthy bourgeois class-enemy scumbag, and you're not gonna get away with it anymore! Jon Corzine, Lloyd Blankfein, Jamie Dimon? Nope, never heard of them! Don't try to change the subject, coward! Now fork over that money and we might let you live!"

You see, boys and girls, populists and social justice types don't give a single rat's ass about how much, exactly, you have, only that it's anything more than they have. It's not hard to fall into the class of rich, bourgeois class-enemies when most of your fellow consumeritizens have a negative net-worth thanks to massive debt and nearly no savings.

Shared sacrifice, bitchez.

Sun, 03/17/2013 - 19:09 | 3340177 natty light
natty light's picture

Do they expect Cypriots to keep whatever is left of their money in the bank? LOL 

Sun, 03/17/2013 - 21:08 | 3340527 evernewecon
evernewecon's picture

 

 

There's no winning where billionaires and

their sell-outs and puppets feel compelled to

create division and adversity from with to profit.

 

Israel Has Entered A Nat Gas 

Exploitation Treaty With Cyprus. 

Turkey Has Done Likewise 

With The Turkish Republic of 

Northern Cyprus (Which Is Not

 U.N.-Recognized:)  Someone Is 

Bound To Get Terribly Disappointed.

 

It's a double-sided coin.   Now

all parties have an incentive to

resolve the political issue.   The 

participation in the revenue from

the new discoveries should 

concomitantly be very

easily resolved.  

 

http://www.goodlookingoptics.co.uk/blog/wp-content/uploads/2011/06/cypru...

 

 In view of the location,that would be a particularly 

welcome example. 

 

For Americans playing catch-up,

  HERE'S A  QUICK-SUM: 

http://pages.citebite.com/r1d3s8s0f9wbs

 

Cyprus/Turkey/Greece/the EU.

 

see:

http://hat4uk.wordpress.com/2012/08/30/greece-exclusive-sabotaging-the-o...

 

???:

http://www.globes.co.il/serveen/globes/docview.asp?did=1000602575&fid=1725

 

http://pages.citebite.com/x1l0p8i2l1fuq

Mon, 03/18/2013 - 03:46 | 3341398 etresoi
etresoi's picture

The myopic eurocrats have lost the big picture, as usual.

Cyprus has a viable option of leaving the EU, dropping the euro and aligning with Russia.

Russia can afford to support Cyprus, can develop the gas fields at a substantial profit and as a bonus, gets a strategic deep seaport.

 

Game, set, and match !

Mon, 03/18/2013 - 14:44 | 3343639 MeelionDollerBogus
MeelionDollerBogus's picture

VOTE? NASDAQ has an "undo" button, VOTING DOESN'T. The money's GONE.

"Dude, where's my account?!"

and then...

AND THEN

and then

AND THEN

AND THEN

AND THEN

AND THEN

 

Do NOT follow this link or you will be banned from the site!