The tiny eastern Mediterranean country of Cyprus is expected to become the fifth eurozone nation to receive a bailout. But the island-nation, which is about half the size of Connecticut, could soon access a massive treasure under the sea: natural gas.
If all goes well, Cyprus could start making more than $25 billion a year — about the same as the country's current GDP — starting as early as 2015, says Solon Kassinis. Twenty years ago, few listened to the engineer when he said there was gas and oil under the seabed.
Now let's look more closely at that deal that Morsi helped to broker between Israel and Hamas. Robert Malley analyzes the region for the International Crisis Group and he's in our studios. Welcome back to the program, sir.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
LINDA WERTHEIMER, HOST:
And I'm Linda Wertheimer. The streets of Egyptian cities are flooded with demonstrators today. In Cairo and Alexandria, Portside and Suez, thousands are protesting the president for issuing a decree that gives him immense power over all the branches of government. There are street fights in some places, between opponents and supporters of President Mohamed Morsi. He spoke earlier today, saying he was acting on behalf of god and the nation.
Today's last word in business is busting the doorbusters.
Shoppers are heading out to stores today. Many went shopping overnight to seize those Black Friday bargains. But are the deals really unbeatable?
STEVE INSKEEP, HOST:
No. Not according to an analysis by pricing research firm Decide Incorporated and The Wall Street Journal. They found that many products with so-called doorbuster deals had deals that were available at even lower prices at other times of the year - even at the same retailer.