Recommend Russian “Black Money” Threatens To Boot Cyprus Out Of The Eurozone (Email)

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German Bailout Chancellor Merkel, who is trying to avoid any tumult ahead of the elections, has a new headache: Cyprus might default and exit the Eurozone. Using taxpayer money to bail out the corrupt Greek elite or stockholders, bondholders, and counterparties of banks, or even privileged speculators, is one thing, but bailing out Russian “black money” is, politically at least, quite another.

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