Cypriot Church puts all its assets at disposal of state

This is a commendable move by the Church which is to be applauded.

Cyprus is totally broken state. The bank sector is already dead. Even if they somehow manage to bolster their downfall, nobody is going to trust them, not even the Russian mafia. Putin will just help for a short time, until all financial assets are withdrawn from Cypriotic banks and then byebye. Then, the crisis will return to Greece and will obliterate what's left there.
(John, 20 March 2013 15:00)

On the contrary,in times of acute finacial crisis strange things could happen.The EU and the Germans in particular with their demands have pushed Cyprus in asking help from their traditional allies Russia (in fact Cyprus finance minister is in Russia right now).One would think that Russia could help with a bridging loan to an island in Med with trillions of cubic metres of natural gas which could also re enforce its total control on Europe's energy supplies.

http://www.reuters.com/article/2013/02/15/cyprus-election-gas-idUSL5N0BE78T20130215

On the other hand if one follows your senario,any Cyprus or Greek dafault it would certainly upset the markets and force Italian and Spanish interest rates to unsustainable levels and then you might as well say good bye to German banks and Germany.

Do I think that EU will let Cyprus to default?No I don't.Watch for a complete capitulation from the Eurocrats and they will find an extra €9bn.

Cyprus is totally broken state. The bank sector is already dead. Even if they somehow manage to bolster their downfall, nobody is going to trust them, not even the Russian mafia. Putin will just help for a short time, until all financial assets are withdrawn from Cypriotic banks and then byebye. Then, the crisis will return to Greece and will obliterate what's left there.

koko, i'm wondering who you think bailed out america for qe1,2,3 and eu bailout? that printed money must be paid back somehow.

thats right. the people, the poor, the impoverished, those that lost their livelihoods. thats right they're going to take on the brunt of the bank bailout in... wait for it... America, Europe, the lands of the free to rob you.
don't try to pretend that this is isolated to some backwater region.
cyprus' actions may sound different than those of world banking elite nations, but the effect on regular hanz and joe will be the same as in cyprus

(John, 20 March 2013 17:17)

The explorations by the Republic of Cyprus are within its exclusive EEZ as stipulated by the UN law of the sea and backed by the EU.Secondly,Cyprus partners in the drilling for gas are the US Noble company and the government of Israel.Do you really think they will ask Turkey for permission to drill?If I were you I wouldn't place any importance on the Turkish windbags.

The gas from Cyprus is not intended for the US market but the European one and therefore it's immaterial whether the US extracts cheap shale gas or not.

Albanians seem to be obsessed with Russia ,their oligarchs and their money.Can you name one oligarch who resides in Cyprus?Of course not but I can name a few who live in Switzerland,UK,Luxemburg etc.As to your allegation that Cyprus will sink to chaos after June I take the opposite view that in the worst case scenario any Cyprus default and return to its old currency will help to bring down satan's edifice the EU.

If the Church wants to help, then it should open a bank.

It could deposit its own funds in the bank and put its extensive property up as assets. If the Church has funds and property to the value of 1 billion euros, then it could lend this sum to the government at zero interest. That would help get the EU and IMF parasites off Cyprus' back.

Cypriots who have lost faith in private banks could also deposit money in this Church bank. If the government opened an account with this Church bank, then it would have even more assets which it could lend.

Private banks are parasites in every society, and maybe, God willing, things can change for the better in Cyprus.

Thats right, lets steal 10% of peoples savings, so we can continue to feed public sector parasites, and priests.

But wait, the ridiculous public sector will help out the country with the money that they have already stole from the poorest of people.

You couldn't make up this scam, even if you got hollywood writers.

Be ready balkan public sector parasites, it will your turn to lie steal and kill from your own private sector soon.

(Leonidas, 20 March 2013 16:25)

You are not going to drill for those reserves any time soon. I'm also sure that the Turks will make sure that nothing will happen any time soon. As far as I remember, Gazprom did not want to interfere in this area since the of the Turkish veto. I don't think that they need that either. The reserves are in 3km depth which makes it relatively expensive to drill for that gas, at least when comparing it to Russia where the costs are much more lower. The reserves around Cyprus will be primarily lucrative for those who have the concessions, like most of the are Western energy companies. Of course some benefits will also go to Cyprus, but it will be no eldorado.

Furthermore, it is obvious that with new technologies the reserves of gas are considerably increasing. Shelf gas becomes more interesting, especially because it is near the surface and practically unexploited world wide. The US will even become the number one producer of oil and gas, thanks to fracking. Short, we will have an immense surplus of gas world wide, resulting in gas price drops (LNG gas is already extremely cheap) and only easily exploitable gas will be lucrative.

Overall, what Putin aims for are the billions of laundry money on Cyprus banks. Maybe he will give another loan, so that this (half-) island will not sink into chaos when money runs out in June, giving enough time to withdraw all the money and then let them fall.

Thats right, lets steal 10% of peoples savings, so we can continue to feed public sector parasites, and priests.

But wait, the ridiculous public sector will help out the country with the money that they have already stole from the poorest of people.

You couldn't make up this scam, even if you got hollywood writers.

Be ready balkan public sector parasites, it will your turn to lie steal and kill from your own private sector soon.

Cyprus is totally broken state. The bank sector is already dead. Even if they somehow manage to bolster their downfall, nobody is going to trust them, not even the Russian mafia. Putin will just help for a short time, until all financial assets are withdrawn from Cypriotic banks and then byebye. Then, the crisis will return to Greece and will obliterate what's left there.

(Leonidas, 20 March 2013 16:25)

You are not going to drill for those reserves any time soon. I'm also sure that the Turks will make sure that nothing will happen any time soon. As far as I remember, Gazprom did not want to interfere in this area since the of the Turkish veto. I don't think that they need that either. The reserves are in 3km depth which makes it relatively expensive to drill for that gas, at least when comparing it to Russia where the costs are much more lower. The reserves around Cyprus will be primarily lucrative for those who have the concessions, like most of the are Western energy companies. Of course some benefits will also go to Cyprus, but it will be no eldorado.

Furthermore, it is obvious that with new technologies the reserves of gas are considerably increasing. Shelf gas becomes more interesting, especially because it is near the surface and practically unexploited world wide. The US will even become the number one producer of oil and gas, thanks to fracking. Short, we will have an immense surplus of gas world wide, resulting in gas price drops (LNG gas is already extremely cheap) and only easily exploitable gas will be lucrative.

Overall, what Putin aims for are the billions of laundry money on Cyprus banks. Maybe he will give another loan, so that this (half-) island will not sink into chaos when money runs out in June, giving enough time to withdraw all the money and then let them fall.

Cyprus is totally broken state. The bank sector is already dead. Even if they somehow manage to bolster their downfall, nobody is going to trust them, not even the Russian mafia. Putin will just help for a short time, until all financial assets are withdrawn from Cypriotic banks and then byebye. Then, the crisis will return to Greece and will obliterate what's left there.
(John, 20 March 2013 15:00)

On the contrary,in times of acute finacial crisis strange things could happen.The EU and the Germans in particular with their demands have pushed Cyprus in asking help from their traditional allies Russia (in fact Cyprus finance minister is in Russia right now).One would think that Russia could help with a bridging loan to an island in Med with trillions of cubic metres of natural gas which could also re enforce its total control on Europe's energy supplies.

http://www.reuters.com/article/2013/02/15/cyprus-election-gas-idUSL5N0BE78T20130215

On the other hand if one follows your senario,any Cyprus or Greek dafault it would certainly upset the markets and force Italian and Spanish interest rates to unsustainable levels and then you might as well say good bye to German banks and Germany.

Do I think that EU will let Cyprus to default?No I don't.Watch for a complete capitulation from the Eurocrats and they will find an extra €9bn.

koko, i'm wondering who you think bailed out america for qe1,2,3 and eu bailout? that printed money must be paid back somehow.

thats right. the people, the poor, the impoverished, those that lost their livelihoods. thats right they're going to take on the brunt of the bank bailout in... wait for it... America, Europe, the lands of the free to rob you.
don't try to pretend that this is isolated to some backwater region.
cyprus' actions may sound different than those of world banking elite nations, but the effect on regular hanz and joe will be the same as in cyprus

This is a commendable move by the Church which is to be applauded.

(John, 20 March 2013 17:17)

The explorations by the Republic of Cyprus are within its exclusive EEZ as stipulated by the UN law of the sea and backed by the EU.Secondly,Cyprus partners in the drilling for gas are the US Noble company and the government of Israel.Do you really think they will ask Turkey for permission to drill?If I were you I wouldn't place any importance on the Turkish windbags.

The gas from Cyprus is not intended for the US market but the European one and therefore it's immaterial whether the US extracts cheap shale gas or not.

Albanians seem to be obsessed with Russia ,their oligarchs and their money.Can you name one oligarch who resides in Cyprus?Of course not but I can name a few who live in Switzerland,UK,Luxemburg etc.As to your allegation that Cyprus will sink to chaos after June I take the opposite view that in the worst case scenario any Cyprus default and return to its old currency will help to bring down satan's edifice the EU.

If the Church wants to help, then it should open a bank.

It could deposit its own funds in the bank and put its extensive property up as assets. If the Church has funds and property to the value of 1 billion euros, then it could lend this sum to the government at zero interest. That would help get the EU and IMF parasites off Cyprus' back.

Cypriots who have lost faith in private banks could also deposit money in this Church bank. If the government opened an account with this Church bank, then it would have even more assets which it could lend.

Private banks are parasites in every society, and maybe, God willing, things can change for the better in Cyprus.