10 votes

The geopolitical games being played in Cyprus right now

Background

Over half the deposits in Cypriot banks come from non-resident Russians.
The 6.75% tax on deposits below 100k euro's and the 10% tax on deposits above 100k euro's is expected to raise 10bn euro's.

http://ian56.blogspot.co.uk/2013/03/the-geopolitical-games-b...

The Russians are going to lose over 5bn in this deal.

The Russians have offered to bail out Cyprus on different terms.

The proposition

The Russians will bail out Cyprus to the tune of about 10bn Euro's.
It will actually cost Russia less than 5bn - see above.
In return the Russians will ask for a large naval base in Cyprus - they have a problem with their lack of presence in the Mediterranean.
Particularly with Syria kicking off.
Presumably the Russians will also ask for the Brits to be kicked out of their major military bases on Cyprus. This last one is presumably negotiable and could be compromised in the final terms.

Whatever happens there is very interesting geo political stuff going on in Cyprus right now.

The mainstream reported info is just the tip of the iceberg.




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Hummm . . . :

This is an interesting turn. Wonder if and when this was foreseen by the financial puppeteers.

Thanx Ian.

Gazprom Offers Cyprus Restructuring Deal to Avoid EU Bailout

http://greece.greekreporter.com/2013/03/18/gazprom-offers-cy...

Russian energy giant Gazprom has offered the Republic of Cyprus a plan in which the company will undertake the restructuring of the country’s banks in exchange for exploration rights for natural gas in Cyprus’’ exclusive economic zone, local media reported.

Representatives of the Russian company submitted the proposal to the office of Cypriot President Nicos Anastasiades on Sunday evening, Sigma TV reported.

The proposal states that Gazprom will fund the restructuring of the country’s crippled financial institutions in exchange for substantial control over the country’s gas resources while Cyprus won’t need to take the harsh bailout package offered by the EU.

The Constitution is a Trust : http://www.The-Legacy.Info

Cyril's picture

BUMP.

BUMP.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

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British

Will not accept this imo.

They have roughly 3500 service members based there.

Putin will personally lead the assault lol

donvino

The Brits are already accepting it

The UK government have said they will compensate any losses of British citizens.
All UK taxpayers are going to pay - the losses are to be socialised.

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."