The Cypriot Democracy, barring the unexpected, will return to the markets today to collect about 500 million euros, to quickly return to the international financial system.
It has been just a year and a few months since the great shock of the bank account deposit haircut and Cyprus appears stable, robust and certain to overcome the huge financial crisis.
According to reliable Cypriot sources, the country’s relations to the troika are very good and marked by a spirit of cooperation, while the financial recovery program is being implemented a faster rate that initially planned.
It would appear that Cyprus is tackling the crisis without any major turmoil, despite the terrifying pressure at first that gave the impression of a complete collapse.
Understandably then one might ask how Cyprus is managing such a huge crisis and why Greece has been struggling for nearly five years now, to no avail.
Bluntly put, the political system makes all the difference.
In Cyprus it is more mature, more cohesive, with a sense of national interest, able to find balance and coordination.
Perhaps that came as a result of the many catastrophes the country has suffered. But that does not explain the Greek lack.
Over here passions run high, conflicts are immortalized and discord prevails as the public interest fades away.
Those responsible though must understand that at some point patience and tolerance will run out.
And then the conflicts and rifts will occur deterministically.
And nobody can avert them.
TO VIMA
