Is Russian ‘Black’ Money Headed for Cyprus?

The Republic of Cyprus needs to find new money – fast. The real bill for Cyprus’s debts could spiral as high as 15billion Euros. The Republic’s government wants to avoid the notorious EU/IMF austerity package. Moscow’s huge reserves of foreign capital can easily prop up the Cypriot economy and develop a substitute base in Cyprus at the same time. At some point the EU’s minnow state could find itself effectively swallowed up by two geo-strategic sharks.  Article

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