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Cyprus' parliament is due to meet at 6 pm local time (12 pm ET) today to decide on a proposal to...

Cyprus' parliament is due to meet at 6 pm local time (12 pm ET) today to decide on a proposal to levy bank deposits, although given that the vote has been postponed twice, don't bet on it happening this evening. Russia, whose citizens hold €30B in deposits in Cyprus, is furious and has made threatening noises about a $2.5B loan to the island that needs to be renegotiated. Beyond that, Russia could retaliate via energy supplies to Europe.
Comments (2)
  • Maninder Batra
    , contributor
    Comments (572) | Send Message
     
    Seems Russia is bending to the will of corporations and oiligarchs who are angry that the EU has double crossed them with their shady money. I say go Cyprus levy as much as you like.
    19 Mar 2013, 05:31 AM Reply Like
  • 6fujitsu0
    , contributor
    Comments (28) | Send Message
     
    Stealing money is just that. Makes no difference if from a wallet or purse or financial acct. The money belongs to people, end of story.
    19 Mar 2013, 08:14 AM Reply Like
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