Turkey warns Cyprus of 'new crisis' if gas revenues included in solidarity fund

ekathimerini.com | Turkey warns Cyprus of 'new crisis' if gas revenues included in solidarity fund

Turkey says the Greek Cypriots cannot just make a deal to use natural gas deposits as collateral for any loan scheme that would capitalize the banks. So, while the ECB wants some guarantee of capitalization for the banks to reopen, the Turks are making sure that it is not done in a way that destroys the value of the natural resources of the nation.

Perhaps the Turks are trying to save the Cypriots from themselves? 

Comments

Post a Comment

Popular posts from this blog

Learn Economics

Image
Learn economics. Topics in Economics can give even the newbie insights into how the economies of the world work with a focus on China and the USA. There are 30 topics listed with articles on those subjects, as well as a glossary of terms. I have written a lot of vetted articles that are exclusive** to Talkmarkets. Sorting a portion of them by subject will give the reader an opportunity to make sense of it all. I am adding a glossary of terms at the bottom of this page. For readers interested in economic subjects of the day, these top 30 themes are my efforts to make understanding economics easier. Please keep in mind that many economic and moral decisions change as we approach the zero lower bound for interest rates. As bonds go negative, things change. That which was a moral duty when rates are 5 percent, like say lowering to 4 percent to stimulate the economy, don't work when we approach zero.  If anything, the closer to zero that we go, the less lending and less banki
Read more

John Mauldin Discusses What Could Go Wrong

This article was first published by me on Talkmarkets:  http://www.talkmarkets.com/content/bonds/john-mauldin-discusses-what-could-go-wrong?post=118623&uid=4798 John Mauldin published an article regarding the economics of Donald Trump. I share many of his views. I think the article deserves to be discussed further. It isn't as if John Mauldin is happy with the continual drive toward negative yields and the new normal. I believe he is like many, willing to fight for higher interest rates within reason and within the economic boundaries that exist. He is on board with the Fed, unlike other central banks, and is willing to risk recession to avoid negative rates: Meanwhile, the Fed is in the middle of a long-overdue policy turn. There’s still a risk that they will find they started tightening just in time for a recession, which is also long overdue. I was convinced last summer that they would push rates negative in that scenario. Negative rates could yet happen, but I thin
Read more

Multigenerational Households Could Benefit from Websites like Ratracerebellion.com

This article is not an endorsement of every "job" offer on Rat Race Rebellion  or other work at home websites. You have to be careful when searching for an online job. But for multigenerational households, especially, you can dispense with a car and clothing costs and food costs associated with working outside the home. An example for one being careful in this arena is my wife. My wife has worked for one of the sites on Ratrace called Arise. Arise is probably one that makes it easier for an older person like my wife to get a job to get through to social security, or to supplement social security. But Arise makes you pay for the course, for the training, and your sponsor takes a cut out of all earnings! So, Arise is not for everyone. And one company that Arise offered was dreadful. She now works for a company that is excellent within the Arise network. Arise is a legitimate call center outsourcing company, but it is not right for everyone. Not all jobs there are quality
Read more