Cyprus was a money laundering machine in the middle of the sea for the Russian mafia, nothing more nothing less. Of course the Russians got the wind of the accounts freeze and moved their money elsewhere, so the little Cypriot guy with around $100k in his bank account was the only one left holding the bag. Funny thing that French IMF boss Stali...I mean Lagarde originally wanted 40% haircut on savings accounts. Truly hilarious.
|