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Latest Cypriot Government Items
Across the waves lie energy discoveries and deadly conflict
Have you heard about a nation so in debt, it is seizing assets from the bank accounts of private citizens? On the other side of the world, a modern-day Greek tragedy is taking place now on the island of Cyprus that has implication here at home.
There has been global outrage about the proposal from the Cyprus government to have a significant one-time tax on those who have deposits in Cypriot banks. It has been correctly called a theft of private capital. What many fail to realize is that from the beginning, governments have been engaged in this type of theft, including the U.S. government.
A vote on a bailout package for Cyprus that includes an immediate tax on all savings accounts has been postponed until Tuesday evening.
The ambassador from Cyprus was shocked when he read about Islamic terrorists demolishing ancient religious sites in the fabled city of Timbuktu in the strife-torn West African nation of Mali.
Russian money and influence have long made a splash on this Mediterranean resort island, where a suspected Russian spy paymaster vanished after being allowed to walk free on bail.
Red-faced authorities in Cyprus searched airports, ports and yacht marinas Thursday in a hunt for a suspected Russian spy-ring paymaster who vanished after being allowed to walk free on bail.
Another blockade-busting ship with activists and aid on board could embark within days on a new attempt to reach Gaza after Lebanese authorities granted permission Monday for it to sail first to Cyprus.