The Coming Mediterranean Energy War

By Julia Damianova

A significant gas find offshore has propelled hopes for brighter future in the Mediterranean. For the Republic of Cyprus, it came as a blessing amid the deteriorating Eurozone crisis. The rating agencies had downgraded the Greek-populated southern part of the island four times in 2011 to its current Standard & Poor's rating of BB- because of unhealthy links with the defaulting Greek financial system. READ MORE