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View Diary: BREAKING NEWS: Parliament of Cyprus Rejects "Bailout," Bank "Haircut" (143 comments)

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  •  No, but... (3+ / 0-)
    Recommended by:
    DRo, 3goldens, gulfgal98

    No it's not going to go away, but now a new precedent has been set: actually standing up to the EU and IMF bullying and blackmail.

    •  Could Cyprus (3+ / 0-)
      Recommended by:
      3goldens, gulfgal98, nchristine

      find themselves under the thumb of Russia instead of the EU? And do you have any info on the reported find of natural gas, could this in part be a resource grab?

      Be the change you want to see in the world. -Gandhi

      by DRo on Tue Mar 19, 2013 at 03:04:59 PM PDT

      [ Parent ]

      •  Yes (5+ / 0-)
        Recommended by:
        3goldens, DRo, limpidglass, gulfgal98, mrkvica

        Yes, Cyprus could find itself under the thumb of Russia.  But let's not jump to conclusions yet.  And I'm not sure that with the EU's actions in Greece, Portugal, Spain, and elsewhere, that being under the thumb of the EU is any better.  Some might say it's worse.

        As for the resources, they are there and they are very real.  It was reported just four days ago that Cyprus may have as many as 60 trillion cubic feet of natural gas under its waters.  One would have to be really naive to think that that was not on the EU's mind (or Russia's, for that matter), along with Merkel's good friends in Ankara.

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