Something on the order of 50% of Cypriot account holders are non-resident Russians.
Russian mobsters is a less politically-correct of saying that.
Cyprus is well-known as a money laundering center in Europe. And more than a few fugitive criminals are captured there....it’s a nice place to go on the lam.
I anticipate some of the Cypriot and German officials who engineered this are going to end up dead before the month ends.
Russian mobsters is a less politically-correct of saying that.”
I bet the Russian mob got a heads up prior to this and moved most of their money out to Swissyland or the OKmans letting the Cypriot Joe-sixpac take the hit. I wouldn't want to be a local management in a Cypriot bank when Ivan come looking for his stash.
“I want my money back -Casino” subbed in Russian
http://www.youtube.com/watch?v=0Qg94ltTqAA