Well they could do what they did the last time, let the Turkish troops start their massacres and ethnic cleansing. Thirty five thousand of them are sitting on the island waiting for the chance. Turkey is claiming half the Cypriot waters now, and half the Aegean as well. This time though I don't think Russia will sit still, there is too much at stake. As one general said about Syria, our survival is at stake. As for anyone foolish enough to believe it has to do with Cyprus, and that it is not a war between Germany and Russia, they have another guess coming. The EU, specifically Germany, did not want to help the Russians who have their deposits in the Cypriot banks, and that's where all the problems came from. These Russians are the ones who will pay heavily now, and Russia will find a way to retaliate, in the same way it retaliated when it recognized the breakaway states of N. Ossetia and Abkhazia for what was done to Serbia.
Because Germany refuses to help out the Russians who have their money in the Cypriot banks, and its punishing Cyprus because of them. As I said, this is a feud between Russia and Germany. Cyprus as well as Greece have been caught in the middle. Germany wants to free itself from Russian gas, and does not want Russian control of any future energy from Cyprus and Greece. Russia of course is furious because it offers more money than others, something cash scrapped Greece and Cyprus need badly. It's a tug of war, and Cyprus and Greece have been caught in the middle. Anyway that's how I see it...
That is why silver coins make sense... - - - Updated - - - It is only theft when private folk do it...its economics when government steals.
Those affected should bring a class action against those responsible. They couldn't lose, so blatant is the theft.
Every news broadcast I've listened to describes the raid on private bank accounts as overt theft. The offer of ' shares ' in bankrupt banks as ' compensation' is simply organised crime. You could just as well leave Robber Inc. share certificates when you blag an armoured car delivery.
Euro is doomed. How it's fall is going to affect other currencies is hard to say, but it will. Incidentally, some time ago I found a stash of guilders I long forgot I had... wonder, if some day I could use them again
Seems Turkey has raised its ugly head with the confidence Germany gave it with its clampdown on Cyprus and its Russian funds. Turkey and Germany have always been buddy, buddy, especially in WWI. Old alliances, or should I say friendships never die, and the moving force behind Clinton in the support of Croatia, its former ally, and the Muslims in Bosnia and Kosovo against Serbia was Germany. Turkey said yesterday it will not allow the Italian energy company ENI to do any work in Turkey since it helped Cyprus search for gas in waters it would like to claim for itself...without going to court of course. ENI though has many projects in Turkey with French and Russian companies, including Russias major project for bringing gas to Europe: Southstream. The gas pipeline just happens to run through part of Turkish territorial waters in the Black Sea, and Russia stands to lose billions. When Turkey made that announcement, Putin immediately called for a major naval drill in the Black Sea to test its readiness without notifying anyone. One has to wonder just how much Russia will endure before it acts.
queue for €300 ? meh It would be far better for Cyprus now not to start drilling, get out of Eurozone , devaluate , refuse to repay the debt , nationalise all the banks and then exploit your potential gas fields
European Stocks Little Changed in Week on Cyprus Bailout European stocks were little changed this week as uncertainty in Cyprus and a political deadlock in Italy overshadowed better-than-estimated U.S. and German economic data. Banco Espirito Santo SA led a gauge of euro-area lenders lower. D.E Master Blenders 1753 NV soared 29 percent this week after saying it’s in takeover talks that value the company at 7.6 billion euros ($9.7 billion). Ziggo NV jumped 13 percent after Liberty Global Inc. bought a 12.7 percent stake. The Stoxx Europe 600 Index (SXXP) fell 0.1 percent in a four-day week before the Easter holiday, after declining the most in four months the previous week. The gauge has still advanced 5 percent this quarter and traded to its highest level since June 2008, bolstered by U.S. economic reports and monetary stimulus from central banks. “The markets are in far better shape, despite a political fiasco in Italy and this extraordinary situation in Cyprus,” Stephen Isaacs, a strategist at Alvine Capital Management Ltd., told Mark Barton on Bloomberg Television this week. “We had one or two-day minor corrections and here we are back at an all-time highs, or very close to.” http://www.bloomberg.com/news/2013-...little-changed-in-week-on-cyprus-bailout.html
I'm just wondering if Cyprus was to do that, and in the mean time leased a base to the Russian navy, would the U.S. pull what it did with Kissinger? If the U.S. did would Russia intervene, since its very determined this time to establish a naval presence in the Eastern Mediterrean?
How many states are already bankrupt ? We know that the country as a whole is around seventeen trillion dollars in debt. How much of that debt is owned by the Chinese ?
Russia has ports in the Black sea , they can reach the Med in few hours , also Putin had no reason those who tax evade by stashing their money in Cyprus. You are thinking it too hard , EU is a scum to take people's money and it has zero geopolitical policies.
Russia now has seven warships in the Eastern Mediterrean and wants to increase its fleet. It needs places for them to port at, and is looking at Cyprus, Thessaloniki and Piraeus. As for the Russians who have money in the Cypriot banks, most of them are small business men not tax evaders. Russia is furious at Germany for what it did, and many newspapers have said that Russia is sitting back and waiting for the chance to retaliate... Anyway I find the optimistic attitude of the U.S. papers confusing. It contrasts sharply with what is being presented by the Russian and other foreign papers.
I somehow suspect th system of law is a tad different in Cyprus than it is in the USA...Again, its not theft if government does it....Ask government.
Another route would be for citizens to withhold taxes to the same amount as has been stolen from them individually. That would make the ' government ' obliged to take them to court wherein the government's theft would be part of the public evidence.
I agree with both comments, silver (because even with the recent price increases is undervalued) is a great investment if low risk and low return* are considerations. coins like silver quarters are one of the most if not the most secure to way purchase silver or metals. Secure means 'metal quality' and they increase in value as well, (better than metal alone). The only downside is if someone has large sums to save, more than say 100K. The physical size of the silver is a drawback. But it’s a drawback I would like to take on. * Generally speaking reva
