It looks like the Cypriot Congress voted down the deal. Looks like this was beta testing see how the citizens would react before the "tax" was sprung on other countries. It needs some more tweaking.
Russia also offered to help bailout Cyprus for rights to it's natural gas fields. Interesting since the Leviathan gas field is right off the coast and it's huge ( http://en.wikipedia.org/wiki/Leviathan_gas_field ) Excerpts: The *Leviathan gas field* is a large natural gas field<http://en.wikipedia.org/wiki/Natural_gas_field> located in the Mediterranean Sea <http://en.wikipedia.org/wiki/Mediterranean_Sea> off the coast of Israel <http://en.wikipedia.org/wiki/Israel>. It was discovered in June 2010. The gas field is located roughly 130 kilometres (81 mi) west of Haifa <http://en.wikipedia.org/wiki/Haifa> in waters 1,500 metres (4,900 ft) deep in the Levantine basin, a rich hydrocarbon area in one of the worlds larger offshore gas finds of the past decade.[1]<http://en.wikipedia.org/wiki/Leviathan_gas_field#cite_note-1> [2] <http://en.wikipedia.org/wiki/Leviathan_gas_field#cite_note-post-2>[3]<http://en.wikipedia.org/wiki/Leviathan_gas_field#cite_note-3> The gas find has the potential to change Israel's foreign relations towards a closer collaboration with Cyprus<http://en.wikipedia.org/wiki/Cyprus%E2%80%93Israel_relations> and with Greece<http://en.wikipedia.org/wiki/Greece%E2%80%93Israel_relations> .[4] <http://en.wikipedia.org/wiki/Leviathan_gas_field#cite_note-4> .... At the time of discovery, the Leviathan gas field was the largest find ever discovered in the under-explored area of the Mediterranean Sea<http://en.wikipedia.org/wiki/Mediterranean_Sea> and the largest discovery in the history of Noble Energy<http://en.wikipedia.org/wiki/Noble_Energy>. Noble Energy operates Leviathan with a 39.66% working interest; Delek<http://en.wikipedia.org/wiki/Delek> Drilling holds 22.67%; Avner Oil Exploration holds 22.67%; and Ratio Oil Exploration holds the remaining 15%.[2]<http://en.wikipedia.org/wiki/Leviathan_gas_field#cite_note-post-2> The Leviathan gas field is located 47 kilometres (29 mi) south-west of another large gas reserve, namely the Tamar gas field<http://en.wikipedia.org/wiki/Tamar_gas_field> which was discovered in 2009 and also operated byNoble Energy<http://en.wikipedia.org/wiki/Noble_Energy> .[5] <http://en.wikipedia.org/wiki/Leviathan_gas_field#cite_note-cubic-5> Cyprus hopes Russia will provide some support after bailout is rejected ( http://www.irishtimes.com/business/economy/europe/cyprus-hopes-russia-will-provide-some-support-after-bailout-is-rejected-1.1332291): The Cypriot finance minister spoke today to Russia about help to avert a financial meltdown after the island's parliament rejected the terms of a European bailout, raising the spectre of a looming default and bank crash. Finance minister Michael Sarris said he had reached no deal on financing with his Russian counterpart, Anton Siluanov, but talks were continuing. Cypriot officials disclosed that the country's energy minister was also in Moscow, ostensibly for a tourism exhibition. Cyprus has found big gas reserves in its waters adjoining Israel but has yet to develop them. As an interesting side note, it is rumored that the Russians have bought heavily in Cyprus. Beach homes, businesses, etc. Russian mob money in their banks as well. J - Ninety percent of politicians give the other ten percent a bad reputation. - Henry Kissinger Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel. - John Quinto ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:361988 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
