Cyprus charms: on the other hand…


March 25, 2013 by AK

…smart – and big – Russian money should have fled Cyprus months ago, since the island’s banks got themselves in trouble much earlier than last week or last month. The flight probably began even earlier, with the island’s accession to the EU. So the share of dirty Russian money in Cyprus accounts may be larger now than it was a year ago – assuming that money is so dirty has nowhere else to go.


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