See the poster comment on this thread
Russia Restructures Cyprus Debt; Cyprus Prohibits US Strikes On Syria
http://www.freerepublic.com/focus/f-news/3061139/posts
More evidence this administration is completely inapable of negotiating or building coalitions.
SNIP
Now we see how out of his league Obama really is.
Yesterday afternoon, Russia agreed to restructure Cyprus' EUR 2.5 billion loan terms to a much more affordable 2.5% semi-annual coupon through 2016 and a principal re-payment over the following four years.
While probably still out of reach for the desparate economy, it was a positive step.
Of course, this 'offer' by Russia has its quid pro quo. This morning, Foreign Minister Ioannis Kasoulides has stated that Cyprus territory will not be used to launch military strikes against Syria, as "Cyprus wants to live up to its responsibility as a shelter if needed for nationals of friendly countries who evacuate from Middle East". It would appear Obama's influence is fading everywhere...
Cyprus is located ~183 nautical miles west of Syria and is the EU member nearest to Syria. Russia restructures Cyprus loan (via ITAR-TASS - ):