Credit Crisis in Cyprus

Who is to blame for the Cyprus credit crisis?

Banks, or the Government?

On the one side is the inflated government salary system which is also unproductive!!
On the other side are the bankers who were expanding rapidly without having the necessary funds in order to be in line with the Basel capital requirements.

The biggest problem is that common people will suffer from this, paying all mistakes the government and the banks did.

Salaries are falling, unemployment is rising dangerously!!

However there is light in the tunnel.  Cyprus has discovered a huge amount natural gas resources, enough to supply the whole of Europe for many, many years. 

However this needs to be appropriately handled, and the most important.... AS SOON AS POSSIBLE!!

More to come shortly.....