Cyprus

Turkey warns against Israel-Cyprus gas deal

Turkey warns against Israel-Cyprus gas deal

By Itai Trilnick and Reuters | 13:34 27.01.13 | 11

Israel's energy cooperation with Cyprus would stand in the way of any proposed Israel-Turkey natural gas pipeline, Turkey's deputy minister for energy and natural resources told an Israeli emissary last week. The meeting took place at the Eurasian Economic Summit held in Istanbul, according to the Turkish newspaper Hurriyet Daily News.

Europe's Mounting Reluctance to Bail Out Cyprus

Europe's Mounting Reluctance to Bail Out Cyprus

By SPIEGEL Staff

MARKUS DETTMER, MARTIN HESSE, CHRISTOPH PAULY, CHRISTIAN REIERMANN, MATTHIAS SCHEPP, FIDELIUS SCHMID, CHRISTOPH SCHULT, ANNE SEITH, ANDREAS ULRICH

Translated from the German by Christopher Sultan

14 January 2013

There is growing resistance in Europe to the planned aid program for Cyprus, because it would also benefit illegal Russian money parked in bank accounts in Cyprus. The government in Nicosia is willing to make concessions, but Brussels is demanding more reforms.

Cyprus Bailout Could Fail in German Parliament

Cyprus Bailout Could Fail in German Parliament

Spiegel Online
9 January 2013
The urgently needed bailout of the Cypriot banking industry is in danger of being vetoed by the German parliament. The opposition Social Democrats say they are leaning towards voting no, according to a media report. With Chancellor Merkel unable to rely on her own majority, that could be bad news for Cyprus and for the euro.

Turkey-Israel-Cyprus Triangle

Turkey-Israel-Cyprus Triangle

By: Tulin Daloglu for Al-Monitor Turkey Pulse. posted on Mon, Jan 7.

In November 2007, Israeli President Shimon Peres and Palestinian President Mahmoud Abbas jointly addressed the Turkish parliament, an event that buttressed Turkey's role in the region as an honest broker for peace. The Peres address was the first ever by an Israeli president before a Muslim parliament.

Cyprus offers mediation between Lebanon, Israel on maritime border dispute

Cyprus offers mediation between Lebanon, Israel on maritime border dispute

Last Updated: Mon Dec 03, 2012 19:50 pm (KSA) 16:50 pm (GMT)

Monday, 03 December 2012
Lebanon and Israel remain technically in a state of war and have fought several battles over the past four decades. (Reuters) inShare
By ASSOCIATED PRESS
BEIRUTCyprus has offered to mediate between Lebanon and Israel over a maritime border dispute that is delaying some oil and gas exploration in the Mediterranean, a Cypriot official said Monday.

Bailing Out Oligarchs EU Aid for Cyprus A Political Minefield for Merkel

Bailing Out Oligarchs EU Aid for Cyprus A Political Minefield for Merkel

By Markus Dettmer and Christian Reiermann

AP
Palm trees in Limassol, Cyprus, seen as a haven for rich Russians.

The EU is likely to bail out the banks of tiny member state Cyprus with 10 billion euros of credit. But a secret German intelligence report reveals that the main beneficiaries of the aid would be rich Russians who have invested illegal money there. It's a big dilemma for Chancellor Angela Merkel.

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