March 21, 2013
The Russians not only came in Nicosia, but also in Athens. The proposition of Gazprom to buy the public-led Natural Gas Company is currently the most profitable for the Greek state, a fact that simplifies the process of privatization. In both political and geopolitical terms.
In political terms, the front opposition party of SYRIZA is not going to lauch a fierce polemique against the Russians, but it will possibly hold its hard munition against the privatization of the leading sports betting company OPAP. In geopolitical terms, Athens has not gathered the vexation of Washington, despite predictions for the opposite. There is possibly a secret , understreamed communication between Washington and Kremlin on this issue, with the Russians assuming the issue of energy security in the region.
Nonetheless, energy security is completely different from and partly irrelevant with what is going on in the global banking system. Since 2009, G20 has put specific emphasis on unveiling and investigating fiscal paradises across the globe. Yet, only Cyprus has been that easily offered as scapegoat. The first porposition for significant haircut of savings in Cyrpus is indicative of the intentions of both Europeans and Americans, as the latter control the IMF. Savings under 100,000 euros were remained intact, but the initial proposition made by IMF’s chief Mrs. Christine Langarde was dealing with a haircut of almost 40% of savings over 100,000 euros. This is eloquent of the intentions of troika against high-earned people, which is, in other words, the Russians as Cyprus is the first destination of Russian funds. In other words, the Cypriot “opening” over Russia has no essential geopolitical meet, as in the case of the Greek energy “opening” over Russia. Therefore, the alleged buy-out of the Laiki Bank cannot be proceeded to Russia without the concession of the European Central Bank.
Even more complicated is the landscape in the field of energy, as it is said that a Cypriot port will be bestowed to the Russian navy now that Assad’s regime is collapsing and the Tartus port will possibly be no longer available under the future political conditions in Syria. Similarly complicated are the conditions in the banking system as, according to various sources, Gazprom offered to enter the Cyprus’s banking system with an affiliate bank and in exchange it would get significant access in the exploitation of the island’s natural resources. But even this scenario is not profitable for Cyprus, as Kremlin offers 2,5 bn euros when the entire banking system of Cyprus necessitates 15 bn euros.
Russia’s President Vladimir Putin likes to be the regulator. And this is a game for tough negotiators and demanding interlocutors – and President Putin is one those.Dimitris Rapidis