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 comments for “Economic Collapse? Russia Abandons Cyprus

  1. Fred
    March 22, 2013 at 9:29 am

    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.

    • March 22, 2013 at 9:35 am

      Yes, Bank corruption, but that Russian money needs to be seized if it is linked to Organized crime :)

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