Cyprus-Forum.com

[wyoming cowboy]

The hydrocarbons off the coasts of Greece+Cyprus are what the bankers in Brussels are counting on to hedge a devalued euro,once liquidity is given to the European banks and deserves its own thread.

In late 2008, when the financial crisis hit the usa's economy, congress approved a debt ceiling increase(printing of more American dollars), in order to save many American banks and to save General Motors from extinction. More debt ceiling increases followed these past 4 years. Some of these excess dollars was also used to stimulate the American economy ie road and infrastructure improvements and to also buy gold(hence the huge increase in gold prices the last four years)...and from what i see the Europeans have started buying gold also lately:

http://www.resourceinvestor.com/2011/11 ... evaluation

The biggest worry when you devalue a currency is that high inflation and a weakened currency will follow, unless you find a way to give the excess money real value. Newly discovered natural resources/petroleum/precious metals, could be used to hedge a devalued currency and ultimately erase the bad effects of devaluing your currency.

Here in the USA, in 2008, a huge petroleum find in the Dakota's, was then estimated to provide an amount close to 300 million barrels/year. Precious Metal mines in the Rocky Mountain states are also beginning to be mined with rigor. Not only are you providing value to your devalued currency but economic growth as well, which after 4 years is beginning to show up in economic statistics, lower unemployment and a significant gain in housing prices and the American stock exchanges have doubled since the 2008 financial crisis.

http://www.reuters.com/article/2012/05/ ... 0O20120524
http://www.reuters.com/article/2012/03/ ... 4V20120308
http://www.reuters.com/article/2012/05/ ... 0O20120524

Since China, in late 2011, refused to buy European bonds, the focus is turning to following an American approach to solving the debt crisis and stimulating European economies.

http://community.nasdaq.com/News/2012-0 ... yid=112758

And like ive said before, its quite possible, that the hydrocarbon reserves of Greece+Cyprus will ultimately save the euro and the European Union. If anyone is into speculative investments,(real estate,equity) Greece and Cyprus will both have the best economies to invest in the next 10-15 years.

[humanist]

I get concerned when I see the following Greece + Cyprus

I would like to think that these two Countries are independent and hence the resources of each should be managed independently all the way through.

LOL when is that gas gonna come out of the bottom of the Sea? waitin waitin waitin

[GreekIslandGirl]

It's very difficult for our Aussie cousins to accept how close being in the EU makes us. If for no other reason. Yet of course, there is ample reason for Greece and Cyprus to be allied -close. I wish the Aussies would shut up about what they do not understand, being sooooo far away from both Greece and Cyprus and the EU as a whole.

[humanist]

Love you too GreekIslandgirl ..... but last time we got too close to Greece we ended up getting shafted by Turkey.

[GreekIslandGirl]

My darling humanist - we never got close to Greece. Shafted by the Turks-TCs we were - in 1964 and thereafter.

[humanist]

hhhmmm my dear girl I think we did get too close to Turkey..... I shamefully say this but men who married into my clan were very pro Greek in 74 and coopists nonetheless. Racists they were. Now thank fully and sadly for their children they are 6foot under

[wyoming cowboy]

It's very difficult for our Aussie cousins to accept how close being in the EU makes us. If for no other reason. Yet of course, there is ample reason for Greece and Cyprus to be allied -close. I wish the Aussies would shut up about what they do not understand, being sooooo far away from both Greece and Cyprus and the EU as a whole.

Greece+Cyprus are indeed very close, not only united through the EU, but the leaders of the Eu also understand the unique relationship of Greece+Cyprus and through the Eu's identic thinking,probably think of both, as one.

[Hermes]

And like ive said before, its quite possible, that the hydrocarbon reserves of Greece+Cyprus will ultimately save the euro and the European Union. If anyone is into speculative investments,(real estate,equity) Greece and Cyprus will both have the best economies to invest in the next 10-15 years.

I like your optimism Cowboy. I do believe that once the immediate crisis is resolved then Greece will certainly be looking at new areas for investment. Energy will be key and it's not before time...

[supporttheunderdog]

It's very difficult for our Aussie cousins to accept how close being in the EU makes us. If for no other reason. Yet of course, there is ample reason for Greece and Cyprus to be allied -close. I wish the Aussies would shut up about what they do not understand, being sooooo far away from both Greece and Cyprus and the EU as a whole.

Greece+Cyprus are indeed very close, not only united through the EU, but the leaders of the Eu also understand the unique relationship of Greece+Cyprus and through the Eu's identic thinking,probably think of both, as one.

Well WC you and GIG are a double-act. Almost as funny as say Roy Rogers and Trigger!

0n the topic by the time anything is extracted the Euro may have fallen apart already undera number of Stresses, involving e.g. Spanish *ankers and a number of profligate Governments before the value of the Hydrocarbons can be realised. In that case and in any event both Greece and Cyprus may well then each separately benefit from having their own individual currencies, the new Drachma and the New Pound, so the wealth is not frittered away by having to fund the misdeeds of others through Euroisation of the debts of others, or stolen by the centralising poweres that be, and Greece and Cyprus could then sensibly invest in eg overseas manufacturing to get longer term benefits.

[PC Bubble]

Greece and Cyprus will save the EU !

Please move this to the joke section .