Pay attention to Cyprus and the weekend’s G20 summit

Review: Keep an eye on Cyprus and Fed’s Yellen Cyprus: Rumours of 50% haircut as well as losses for unsecured depositors For quite some time, Cyprus has been a candidate for a rescue package, but the Germans, among others, have been most reluctant to grant this assistance. The reason is that reportedly Cyprus is a centre for extensive money laundering of amounts running into billions made on corruption and crime by Russian criminals. Therefore a rescue package would be tantamount to sending

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Pay attention to Cyprus and the weekend’s G20 summit