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? 

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