Russia’s Foreign Minister Trolls The U.S. In Cyprus

Russia’s Foreign Minister Trolls The U.S. In Cyprus:

Russia’s Foreign Minister Sergey Lavrov arrived in the Republic of Cyprus on Thursday for a working visit, which will last until May 20. There Lavrov is expected to hold talks with Cypriot President Nicos Anastasiades and Foreign Minister Ioannis Kasoulidis. On the sidelines of the session, Lavrov met with Secretary General of the Council of Europe Thorbjorn Jagland.

At that point Lavrov took another pot shot at the US, a continuation of the trolling which started yesterday when Putin offered to provide US Congress with the transcript of the Lavrov-Trump meeting, which earlier this week led to media turmoil after the WaPo reported that Trump disclosed confidential information to the Russian foreign minister.

This was the exchange in question, which the Russian ministry of foreign affairs was all to eager to tweet earlier today.

Thorbjorn Jagland: These pictures (protocol photoshoot) won’t cause any problems for you?

Sergey Lavrov: It depends on what kind of secrets you pass on to me

[Laughter in the room]

Read moreRussia’s Foreign Minister Trolls The U.S. In Cyprus

Cyprus – Israel – Greece Trilateral Summit Declaration

Netanyahu-Tsipras

Cyprus – Israel – Greece Trilateral Summit Declaration:

We, Nikos Anastasiades, President of the Republic of Cyprus, Benjamin Netanyahu, Prime Minister of the State of Israel, and Alexis Tsipras, Prime Minister of the Hellenic Republic, having met in Nicosia today, 28th January 2016, have agreed to strengthen the cooperation between our three countries in order to promote a trilateral partnership in different fields of common interest and to work together towards promoting peace, stability, security and prosperity in the Mediterranean and the wider region.

In light of the underlying challenges and opportunities, and given the fluid and unstable situation in the region, our three countries, which share common democratic values, principles, and interests, have, to this end, agreed on the importance for closer cooperation and a coordinated set of policies.

Read moreCyprus – Israel – Greece Trilateral Summit Declaration

Cypriot President Throws Greeks Under The Bus: ‘Planning To Deal With Grexit’

Grexit-2

Cypriot President Throws Greeks Under The Bus: “Planning To Deal With Grexit” (ZeroHedge, April 5, 2015):

“I want to believe that there is no such risk,” says Cypriot President Nikos Anastasiades, but in a shock to the Greeks, their close ‘ally’ in Cyprus, as KeepTalking Greece notes, openly joined the international Grexit propaganda club, as Anastasiades said his country had a backup plan to deal with the fallout of a possible Greek exit from the eurozone.

As ekathimerini reports,  Cyprus President Nikos Anastasiades told a media conference in Nicosia on Friday that Nicosia has a backup plan to deal with the fallout of a possible Greek exit from the eurozone.

“I want to believe that there is no such risk,” Anastasiades said in response to a reporter’s question. But to be on the safe side, Nicosia has “prepared a plan to deal with whichever outcome may transpire,” Anastasiades said, citing a Cypriot saying according to which “forward-looking children cook before they get hungry.”

Read moreCypriot President Throws Greeks Under The Bus: ‘Planning To Deal With Grexit’

Europe Fractures: France Pivots To Putin, Cyprus Offers Moscow Military Base, Germany-US Splinter On Ukraine

putin smile

Europe Fractures: France Pivots To Putin, Cyprus Offers Moscow Military Base, Germany-US Splinter On Ukraine (ZeroHedge, Feb 8, 2015):

Following yesterday’s summary of the utter farce that the Minsk Summit/Ukraine “peace” deal talks have become, the various parties involved appear to be fracturing even faster today. The headlines are coming thick and fast but most prescient appears to be: Despite John Kerry’s denial of any split between Germany and US over arms deliveries to Ukraine, German Foreign Minister Steinmeier slammed Washington’s strategy for being “not just risky but counterproductive.” But perhaps most significantly is France’s continued apparent pivot towards Russia… Following Francois Hollande’s calls for greater autonomy for Eastern Ukraine, former French President Nicolas Sarkozy has come out in apparent support of Russia (and specifically against the US), “we are part of a common civilization with Russia,” adding, “the interests of the Americans with the Russians are not the interests of Europe and Russia.” Even NATO appears to have given up hope of peace as Stoltenberg’s statements show little optimism and the decision by Cyprus to allow Russia to use its soil for military facilities suggests all is not at all well in the European ‘union’.

German Foreign Minister Frank-Walter Steinmeier doubled down on Germany’s rejection of weapons deliveries to Ukraine in a speech here Sunday…

Read moreEurope Fractures: France Pivots To Putin, Cyprus Offers Moscow Military Base, Germany-US Splinter On Ukraine

Cyprus: Despite 16 months of capital controls, banks still pitifully capitalized

Cyprus - Despite 16 months of capital controls, banks still pitifully capitalized

Cyprus: Despite 16 months of capital controls, banks still pitifully capitalized (Sovereign Man, July 15, 2014):

It’s been over a year since the banking system in Cyprus officially went bust.

On Friday, March 15, 2013, practically everyone in the country went to bed thinking that everything was just fine.

Many had probably gone to the bank that very day to do business, or logged on to an Internet banking platform.

Yet the very next morning, they woke to a completely new reality: the nation’s banks were broke, and the government was in no position to rescue them.

Read moreCyprus: Despite 16 months of capital controls, banks still pitifully capitalized

9 EU Countries Ready To Block Economic Sanctions Against Russia

putin smile

9 EU countries ready to block economic sanctions against Russia (RT, July 15, 2014):

France, Germany, and Italy are among EU members who don’t want to follow the US lead and impose trade sanctions on Russia. US sanctions are seen as a push to promote its own multibillion free-trade pact with Europe.

“France, Germany, Luxembourg, Austria, Bulgaria, Greece, Cyprus, Slovenia, and EU President Italy see no reason in the current environment for the introduction of sectorial trade and economic sanctions against Russia and at the summit, will block the measure,” a diplomatic source told ITAR-TASS.

Read more9 EU Countries Ready To Block Economic Sanctions Against Russia

Germany Blesses ‘Bail-In’ Deposit Confiscation Plan For Failing EU Banks

–  Germany Blesses “Bail-In” Deposit Confiscation Plan For Failing EU Banks (ZeroHedge, July 9, 2014):

One year earlier than required, the German government approved plans to force creditors into propping up struggling banks across Europe. As WSJ reports, Germany “leads the way” in Europe by implementing European rules quickly and “creates instruments that allow the winding-down of big systemically relevant institutions without putting the financial stability at risk.” What this means is that taxpayers (theoretically) will not be on the hook (though in reality we are sure the mutually assured destruction defense will be played – especially if Deutsche runs into problems) but as German authorities explain, “This ensures that in times of crisis mainly owners and creditors will contribute to solving the crisis, and not taxpayers.” As a gentle reminder – creditors includes depositors… remember Cyprus?

As WSJ reports,

Germany’s cabinet Wednesday approved plans to force creditors into propping up struggling banks beginning in 2015, one year earlier than required under European-wide plans that set rules for failing financial institutions.

Read moreGermany Blesses ‘Bail-In’ Deposit Confiscation Plan For Failing EU Banks

NIRP Strikes: Spain To Create Tax On Bank Deposits

spain_flag_burning

–  NIRP Strikes: Spain To Create Tax On Bank Deposits (ZeroHedge, June 26, 2014):

It was a little over a year ago, just as the Cyprus deposit confiscation aka “bail in” was taking place, when we asked, rhetorically, if “Spain is preparing for its own deposit levy” when an announcement by Spain’s Finance Minister, Montoro, hinted at the imminent arrival of just that.

Specifically we said:

Read moreNIRP Strikes: Spain To Create Tax On Bank Deposits

Another Russian Oligarch Dumped All His Stocks Ahead Of The US Sanctions

Another Russian Oligarch Dumped All His Stocks Ahead Of The US Sanctions (ZeroHedge, March 20, 2014):

Last week we discovered that Gazprom’s Chairman Viktor Zubkov sold his entire stake in the company days before the Crimean invasion (and subsequent sanctions and asset freezes). Today, on the heels of the latest round of US sanctions against Russia’s so-called “Putin cronies”; Cyprus-based oil trader Gunvor Group announced that co-founder Gennady Timchenko (estimated wealth $8.5 billion) – who was named on today’s sanctions list – sold his entire 44% stake in the company yesterday. The question is – as we show below – did the US Treasury tip Timchenko off to what was coming?

Gennady Timchenko

Gunvor Ensures Continued Operations

Anticipating potential economic sanctions so to ensure with certainty the continued and uninterrupted operations of Gunvor Group Ltd’s activities, the shares of the company held by Mr. Gennady Timchenko were sold on March 19 from his personal holding vehicle to Mr. Torbjorn Törnqvist personally.

Read moreAnother Russian Oligarch Dumped All His Stocks Ahead Of The US Sanctions