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The "haircut" on bank deposits demanded by Germany would drive away many Russian and Ukrainian companies that use Cyprus as a base for doing business, providing a comfortable living for several thousand Cypriot lawyers, accountants and bankers.
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Instead, the Venetians used Cyprus as a base for pirate raids against Ottoman shipping and shores, thus pointing up the island's strategic importance to the sultan.
Many of those deposits are held by wealthy Russians who use Cyprus as a convenient place to park money.
Each autumn, vast numbers of songbirds use Cyprus as a place to rest and feed as they migrate south from Europe to Africa.
Using Cyprus as a tax haven does not necessarily require them to hold a lot of money in the country.
Turkey believes, probably rightly, that its other detractors, notably France, Austria and Germany, are using Cyprus as an excuse to torpedo Turkish accession.
Indeed, France and Germany shamelessly use Cyprus as another excuse to keep Turkey out.There are three ways to revive hopes of a Cyprus settlement.
Use this as a base.
Britain took over control of Cyprus from the Ottoman empire in 1878, for use as a base for its military activities in the eastern Mediterranean.
Use inconnulodge.com as a base.
The biblical name Kittim, representing Citium, was also used for Cyprus as a whole.
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