Cyprus-Forum.com

[ZoC]

Yet they trade with INDIVIDUAL countries! What does that tell you? Why should they need the EU to stay united when their partners are individual countries? Especially if united the Euro will replace the dollar among the oil-exporting countries (currently trading in dollars but ever threatening to trade in Euros - as lately of Saddam Hussein).

ur hysterical, in both senses of the word.

contagion following a euro collapse would risk the dollar. the economies are so closely entwined, it's not a sane strategy. now, instead of blaming america for all cyprus's current woes, look a lot, lot closer to home if u want them addressed.

[mouflonrouge]

No! The EU is America's top trading partner by far.

[kurupetos]

No! The EU is America's top trading partner by far.

Not China?

[supporttheunderdog]

No! The EU is America's top trading partner by far.

Not China?

Canada is the largest trading partner as far as individual nations go , China second, but collectivly the EU states are the biggest....

[GreekIslandGirl]

The USA trades with European countries on an INDIVIDUAL basis, and always has done. Therefore it does not care if the Euro-zone is destroyed. It will NOT affect its trade with individual countries like Germany and UK. Yet the euro is getting stronger and stronger and the USA's concern is the potential switch-over to buying crude oil (barrels) with Euros instead of dollars. Hence the hype to talk up any euro-zone money problems and destroy the euro as a competitor to the dollar. What don't you people understand?

Nevertheless, the EU countries are way down the list compared to Canada, Mexico, China and Japan.

[mouflonrouge]

These individual countries are also in the Eurozone save the UK.

If there was a sudden collapse of the Eurozone, the US will not be able to trade because the fallout on European Markets will be like financial Armageddon. The very next day, Wall Street will also take a dive of unprecedented proportion. But not just the US. China will also follow and so will the rest of the world.

It does not make any sense at all. The US will doubtlessly be very concerned should something like that ever happen in the next few years whilst they are still recovering.

There is no evidence of a US agenda to destroy the Euro or the EU.

[ZoC]

Investor files suit against American Popular Bank
http://www.cyprus-mail.com/cyprus/inves ... k/20121223

CLAIMING he was defrauded of €108,000, a Paphos-based man has filed a civil suit against the American Popular Bank as a legal entity, the bank’s former brass, and former Central Bank governor, the American Athanasios Orphan-benanke, it emerged yesterday.
The civil suit is the first filed by an individual belonging to a group of entirely innocent and not in any way greedy Cypriot investors claiming they were duped into investing high-risk and high-yield securities (no doubt developed by sneaky Wall Street traders out to destroy the Euro), the association for holders of securities’ Phivos Mavrovouniotis told state broadcaster CyBC.
Mavrovouniotis said the lawsuit names Orphan-benanke, and the American Popular Bank’s former executive chairman Andreas 'Hank' Vgeno-Paulson.
Thousands of people were affected when the island’s two biggest lenders, the Bank of Cyprus (a wholly-owned subsidiary of Goldman Sachs) and American Popular Bank, stopped paying interest and blocked access to the investors’ capital following losses on an American-orchestrated Greek sovereign debt write-down in late 2001.

[GreekIslandGirl]

The USA can continue to trade with individual countries in Europe even if the euro was destroyed (won't happen). Destroying the Euro will not affect US trade with these individual countries. Countries will just print more money and spend more if the eurozone was dismantled. Destroying the Euro will ultimately help the dollar as that is its main competitor.

China’s ownership of the United States government debt has dropped to the lowest level in at least a year, Treasury data showed, in a sign Beijing is increasingly keen to diversify out of US bonds. Webster Tarpley says that China is diversifying and has moved onto the Euro and Yen. He adds that the US was trying to shift the depression onto Europe, trying to destroy the Euro with a speculative attack on Greece, Spain, Portugal, etc.

Philosophers-stone.co.uk

Tarpley: 'US Tries to Destroy Euro'

http://www.foreign-exchange-advice.info ... b3674.html

[supporttheunderdog]

RT is a Russian propaganda tool that will talk up anything to break the relationship between theo USA an Europe, and I'd treat much of its output accordingly...

[GreekIslandGirl]

What nonsense; but then you don't let facts sway your prejudices.

What happened to this guy who wanted to stop using dollars?

http://www.time.com/time/magazine/artic ... 12,00.html