Pictures of long lines of angry Cypriots trying to pull money out of empty ATMs made the rounds on Monday, as the world woke up to a decision by the Troika and President Anastasiades to impose haircuts on the nation?s depositors. While Cypriot savers and opposition politicians protested the one-time levy, the unprecedented move appears focused on Cyprus? large foreign depositor base, particularly Russian citizens and banks, which account for approximately 22% of total deposits, which are...
EU Takes Shot At Moscow With Cyprus Bailout As Russians Own 22% Of Deposits
Forbes - 18 Mar 2013 19:30
Pictures of long lines of angry Cypriots trying to pull money out of empty ATMs made the rounds on Monday, as the world woke up to a decision by the Troika and President Anastasiades to impose haircuts on the nation?s depositors. While Cypriot savers and opposition politicians protested the one-time levy, the unprecedented move appears focused on Cyprus? large foreign depositor base, particularly Russian citizens and banks, which account for approximately 22% of total deposits, which are...
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