As Israel And Cyprus Ally Over Energy, The Rest Of The Region Feels The Aftershock

By International Business Times,  June 02, 2012, 03:02:48 PM EDT

In February, Israel's Prime Minister Benjamin Netanyahu visited the Greek-Cypriot capital of Nicosia (the first such trip ever by an Israeli leader) to expand and formalize trade pacts between the two unlikely partners.

To a large degree, it was an interesting development but a relatively straightforward pact. That is, except for one aspect of the agreement, which was keenly watched by capitals in the Near East as it represented yet another wrinkle in the jockeying for power and sovereign rights in the region affecting Greece, Turkey and even Lebanon.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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