Economic Collapse? Russia Abandons Cyprus

Cyprus should confiscate Russian funds over $50,000 to pay for this mess…

http://www.reuters.com/article/2013/03/22/us-cyprus-parliament-idUSBRE92G03I20130322

2 thoughts on “Economic Collapse? Russia Abandons Cyprus

  1. I think it is good that the Russians want out. The Cypriot banks made bad loans with the deposits from Russia. The problem is with the bankers in Cyprus not with the Russians who do not trust their own banks and are looking for a ‘safe’ place for their money. Too bad they did not find the right place.

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