Cipro, non solo una questione di debito

La mappa indica l'estensione dei giacimenti di gas naturale teoricamente controllati da Cipro. Si stimano riserve di oltre 200 miliardi di metri cubi di gas, che potrebbero coprire ben il 40% del fabbisogno dell'intera Europa.



The Cyprus event is the key to geopolitical survival of Europe. There is a substantial difference between Russia and China. Russia lost territory and as such needs to reestablish its “empire” that it sees as territory not economic power as does China. That means that Russia harbors the desire to still occupy Europe and it will eventually succeed thanks to the Sovereign Debt Crisis where our politicians in the West are gutting the virility of our national states to maintain simple personal power.

Cyprus is playing Russia off against Europe and the United States in its effort to salvage its economy and financial system because of losses in holding Greek debt as reserves.

Cyprus has disembarked on an interesting strategy of playing the Russian card since Russian have a high stake in this crisis given the large amount of Russian deposits in the island. Cyprus’ banks were literally shattered by their exposure to Greek Sovereign Debt. This illustrates the problem with the Euro that lacking a single national debt resulted in the debt of all member states became reserve quality putting at risk the entire banking system throughout Europe. (...)


  Martin Armstrong

articolo completo su: armstrongeconomics.com