Viewpoint wrote:Demonax wrote:The ROC has promised that the gas revenues will benefit all Cypriots. For TCs this means after a solution is found they will also benefit from the hydrocarbon fund that will be established. Without a solution the TCs will lose out. Think of it as an incentive.
I dont think of it that way, as we are a separate country we should not benefit directly as we will not give you any benefit from our water supply same principle but if the south decides to give buckets full of money to all its citizens (just an extreme example) then TCs also being citizens should also benefit.
You misunderstand. There is no intention for TCs to get some kind of additional cash or revenue to spend as they would like. Gas revenues will go first towards paying off the costs of infrastructure like pipes and terminals. The rest will go into a hydrocarbon fund, along the line of Norway's sovereign wealth fund, that will invest the money in stocks and bonds to save for future generations, when the hydrocarbons run out.
Around 4 per cent of the funds will go annually to the ROC state budget (based on the rate of interest). The TC 'share' of the gas revenue will go to them indirectly through continued health care and welfare benefits in the ROC. The TCs will therefore now contribute for their welfare services in the ROC through their share of the island's resources. This is only fair, don't you think?