Petaquilla Minerals Ltd. (fka PTQMF)

[Implanting]

The band-aid is more a short-term remedy than a cure or solution IMO. Countries like Greece and Cyprus don't want to leave the Euro and IMO the powers behind the Euro don't want to see anyone leave the Euro because that's perceived by them as weakening the Union.

Nobody cares who takes the hit in tiny Cyprus, as long as it's not the insured bankholders. The people who took the hit were the uninsured and bondholders. The bandaid I'm referring to is propping up the banking infrastructure in Cyprus so it doesn't collapse or hopefully stopping any potential bank-runs into any of these other bigger risk economies. If a loss of confidence in the banking system not paying off the insured depositors happens then all hell would break loose.

It's obvious the Germans didn't want to have anything to do with paying back all the Russian mafia money that was sitting in the Cyprian banks. I wouldn't either.

It real easy to see they want to keep the Euro propped up until they can't any longer. It will take time, but I think it will eventually dissolve.