Special to WorldTribune.com By Norman Bailey If the European market weren’t so important to Israel, the never-ending saga of European wrong-headedness would be laughable. A Martian watching the antics from space would be overcome by diabolical laughter. The crisis of the week has shifted from Cyprus, where the EU, the ECB and the IMF decided [...]
Sol W. Sanders It’s early on but some new disturbing geopolitical trends are emerging or being emphasized from the Cyprus financial crisis that go far beyond continuing the very real threat to the Euro and the whole economic structure of the European Union. Offstage, it has exposed the growing deterioration of the Russian regime [...]
Special to WorldTribune.com ANKARA — Turkey has sought to stop the Republic of Cyprus from using energy assets as collateral for its bailout. The Turkish Foreign Ministry said Nicosia did not own the natural gas fields in the eastern Mediterranean. The ministry, warning of a regional crisis, said Turkey claims the fields along with the [...]
Special to WorldTribune.com By Norman Bailey It has been said that history repeats itself, first as tragedy and then as farce. The interminable European economic/financial crisis neatly illustrates that saying. Mishandled from the beginning by a clueless set of politicians and bureaucrats, the most recent episode descends into a melancholy comedy of intentional and unintentional [...]
Special to WorldTribune.com NICOSIA — Israel and the Republic of Cyprus have reached a deal for joint energy exploration of the Mediterranean Sea. Two Israeli companies have signed an agreement to explore for crude oil and natural gas off the coast of the Republic of Cyprus. Under the agreement on Feb. 11, Avner Oil and [...]
Special to WorldTribune.com NICOSIA — The Republic of Cyprus has been preparing to host hundreds of thousands of Syrians expected to flee the Sunni revolt against President Bashar Assad. Officials said the Greek Cypriot republic has assessed that up to 200,000 Syrians would arrive on the Mediterranean island over the next few months. The officials [...]
Special to WorldTribune.com TEL AVIV — Israel has been preparing for an energy war with Turkey. Officials said Israel would counter any Turkish Navy attempt to stop exploration by the Jewish state. They said Israel would be on alert for Turkish Navy patrols in the eastern Mediterranean Sea near the Republic of Cyprus. “Israel can [...]
Special to WorldTribune.com ANKARA — Turkey has threatened to sanction companies that participate in energy exploration or development for the Republic of Cyprus. Officials said the government of Turkish Prime Minister Recep Erdogan would ban any foreign company that helps the offshore energy exploration project of the Republic of Cyprus. Turkey has warned that it [...]
Special to WorldTribune.com ANKARA — Turkey’s military has been ordered to stop Israeli operations around Cyprus. Western diplomats said the government of Prime Minister Recep Erdogan has ordered the General Staff to prevent any incursions of Israel Air Force or Navy platforms around Cyprus in the eastern Mediterranean. The diplomats said Erdogan issued the order [...]
Special to WorldTribune.com ANKARA — In what could mark the most serious escalation, Turkey reported a confrontation with an Israeli aircraft near the coast of Cyprus. The Turkish military accused Israel of violating the air space of the Turkish Republic of Northern Cyprus, controlled by Ankara. On May 17, the military said two U.S.-origin F-16 [...]
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