Wednesday, 20 March 2013
Cyprus turns down EU deal, and looks to Russia
What is clear is that the EU’s intention was to decimate Cyprus as a financial centre. Cyprus accepted the need for a contraction of its banking sector, but it could not accept that this would be done in a chaotic and rushed fashion that would propel the country into economic turmoil and years and years of recession. Nor could Cyprus accept the spurious premise on which this would have been done, i.e. Cyprus was a haven for Russian mafia money. The German-inspired emphasis on dirty Russian money made Cypriots suspicious that they were being caught in a wider geopolitical game between the EU and Russia, in which Cyprus was being sacrificed to lessen the influence of Russia in the Eastern Mediterranean. But while it might suit the EU, the US and others that Russia is excluded from the Eastern Mediterranean, it does not suit Cyprus, which has an overriding political problem with Turkey that is not taken seriously by the EU but has garnered Cyprus, over a long period, support from Russia.
1. Currently reading Claire Palley’s book on Annan plan. Her description of UN shenanigans & bullying of Cyprus very similar to EU browbeating .
2. Having said Cyprus can’t afford to alienate EU because of Turkish occupation, for same reason it needs to keep Russia on board. Dilemma.
3. @EnetEnglish. Story isn’t serious. It just wants to discredit & defame Cyprus & make out the occupation regime is legitimate & responsible.
4. @EnetEnglish. Why are you reporting such a bullshit propaganda story as if it had any credibility or worth? Get your act together. (http://www.enetenglish.gr/?i=news.en.home&id=357)
5. Worth stressing that Cyprus membership of EU was a strategic not economic choice, designed to reverse Turkish occupation of 40% of island.
6. @Hugodixon Cyprus bailout piece is v. good. Appreciates Turkish occupation context & why Cyprus can’t alienate EU. http://bit.ly/YqzkoL
7. Please @cybc2012, fix your web stream. I’m having to watch TV stream from Greece for latest news on Cyprus, and it’s doing my head in.
8. Putin invites Cypriot president Anastasiades to Moscow. ‘Come any time you like’, he tells him: http://www.kathimerini.gr/4dcgi/_w_articles_kathremote_1_20/03/2013_488705
9. Georgie Markides: Cyprus NO is a strong message not to its public but to the investor community that it fights to remain a financial hub . Retweeted by john akritas
10. Panikos Hadjipanayis: Russia tries to ease concerns over Cyprus levy: http://news.yahoo.com/russia-gain-more-loses-cyprus-levy-russian-deputy-165928022--business.html Retweeted by john akritas
11. Message to Greece from Cyprus: you don’t have to burn down country and hold general strike after general strike to get your message across .
12. Cyprus NO is correct decision. Only when Andros Kyprianou was speaking did I think we might be making a mistake.
13. Cypriots are very, very stubborn. That’s my explanation. When they think they’re right, they think they’re right.
14. Danae Marga: Είναι Ρωσσία εναντίον Γερμανία απλά η Κύπρος είναι το μέσο δυστυχώς. Retweeted by john akritas
15. One of the worst consequences of Cyprus haircut plan is that it’s put a spring back in the step of communist AKEL.
16. Στράτος Μωραΐτης RT @EfiEfthimiou: Cyprus DIKO leader: It is clear now, the problem isn’t economic, it’s political, it's geopolitical. Retweeted by john akritas
17. Nul points to bailout plan. Not one Cyprus MP will vote for haircut deal. Up to 36 set to vote against, while remaining 20 will abstain.
18. ‘Just a month into his new presidency, Nicos Anastasiades has been comprehensively discredited’. http://soa.li/86u8OhB
19. Must be stressed: Cyprus can’t afford to alienate Russian money as Russia’s support against Turkish occupation is matter of life and death.
20. @achrisafis Can you stop referring to the ‘Turkish north’ in your pieces on Cyprus. This is a politically loaded term, which Turkey prefers.
21. ‘The Cypriot govt was keener to protect its banking model, which turned out to be a disastrous political mistake.’ http://reut.rs/ZEcKus
22. MRT @pdacosta @YanniKouts Correct. Anastasiades not Schaeuble hit small savers to keep Cyprus as financial centre. http://tinyurl.com/cr926tz
23. Russians can’t complain too much about losing Cyprus as offshore haven. Christofias begged them for money to avoid precisely this scenario.
24. What Cyprus is trying to do is preserve itself as financial centre, but the game is up, regardless of vote tomorrow. Russians are off.
25. On revising deposit tax, wealthy Russians & Britons will take their money out of Cyprus anyway, so right to hit them harder before they go.
26. MRT @TheCyprusWeekly: Pissarides accepts outcome of Cyprus bank levy deal will be mass exodus of foreign depositors. http://bit.ly/15dz3Zl
27. Should be stressed. There has been NO panic in Cyprus over bank deal and demonstration outside presidential palace was tiny – 150 people.
28. Even if Cyprus parliament votes against haircut and there is some renegotiation with troika, country's financial system faces devastation.