Turkey Warns Cyprus On Gas Reserves
By Andy Dabilis on March 24, 2013 in Cyprus, Economy, News
turkcyprWith Cyprus hoping to fold in possible revenues from embryonic exploration of gas reserves off its coast into a revenue-raising package to satisfy international lenders who are withholding a 10 billion euros ($13 billion) bailout until the government can find a way to produce 5.8 billion euros ($7.5 billion) on its own, Turkey has warned of a “new crisis” in the eastern Mediterranean if Cyprus goes ahead with it.
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