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Thread: Moody’s Adds Gasoline to the Fire in Cyprus – Downgraded to Junk

  1. #1
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    Arrow Moody’s Adds Gasoline to the Fire in Cyprus – Downgraded to Junk

    Moody’s Adds Gasoline to the Fire in Cyprus – Downgraded to Junk



    by John Galt
    March 13, 2012 13:00 ET



    As many of my readers and listeners are aware, I have been tracking the deterioration of the situation on the island of Cyprus for some time, highlighted by the recent possibility of that island becoming the center of a new conflict between Greece and Turkey. On March 4, 2012 the Turkish Prime Minister added to the pyre by stating that the Turkish portion of Cyprus should be annexed by Turkey to:
    “if ongoing talks between Turkish and Greek Cypriots for reunification fail to produce a solution, Turkey’s minister for European Union Affairs has said.”
    (See: Turkish Cyprus might be annexed to Turkey, minister says from Today’s Zaman, March 4, 2012)


    Needless to say the Foreign Ministry walked that statement by Egemen Bağış back to prevent the already high tensions during the reunification talks from failing outright but the Greek government on Cyprus followed up with a volley of their own:

    Greek Cyprus, Israel sign cable deal

    (click on the title above to access article in full)

    This is part of an ongoing tit-for-tag between Greece and Turkey which is accelerating as the discovery of petroleum resources in the Eastern Mediterranean presents a challenge to Turkish hegemony in the Eastern Med if Israel aligns itself with Greek Cyprus and the nation of Greece. Today, the economic situation took a drastic turn with the equity markets on the island already down over 90% from peak to trough. The story from the Athens News says it all:

    Cyprus gets junk rating

    (click on the title above to access article in full)

    With what appears to be the final series of negotiations underway to reunite the divided island and Turkey drawing closer to the Islamist nations like Iran, this news does nothing but add fuel to an already dangerous regional fire.
    I've always wondered what the 1920's and 1930's were like, but I never wanted to see it from the German perspective.....


    www.johngaltfla.com

  2. #2
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    weird how it seems the smallest thing can be the thing that does it, eh?



    like focusing so hard on the highly contagious mutant weaponized pathogen whipping through a town and doing everything possible to frantically protect yourself and limit the spread, and then getting shot by the neighbor over planting tree too close to the property line
    float like a butterfly...

    <img src=http://www.thetreeofliberty.com/vb/image.php?s=fd42b01563865e774f96446ef657fe33&type=sigpic&userid=769&dateline=1223824178 border=0 alt= />
    ~~~~~~~~~~~~~~~~~~~~
    highly functional, paranoid, tinfoiler
    currently in charge of the aluminatorium

  3. #3
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    Quote Originally Posted by hunybee View Post
    weird how it seems the smallest thing can be the thing that does it, eh?



    like focusing so hard on the highly contagious mutant weaponized pathogen whipping through a town and doing everything possible to frantically protect yourself and limit the spread, and then getting shot by the neighbor over planting tree too close to the property line
    Hunybee, here's one view of life, and death. For many of us, the 'event' that causes our ultimate demise blind sides us without warning. Whether it be another car T- boning our vehicle, or just a plain old slip in the bathtub, we are always seconds away from seeing our maker.
    mortuus republica imperii Vivant

  4. #4
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    No help for their "auction" here.
    "They who have put out the people's eyes reproach them of their blindness."
    John Milton, 1642

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