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Subject:  Re: Will Cyprus do a deal? Date:  3/24/2013  4:15 PM
Author:  franchot Number:  418769 of 479861

Further, it might increase his popularity in the polls.

Hmm. I'm not sure that an ex KGB/FSB guy is particulary worried about 'polls', voting or any of that stuff. On the contrary, I'd say that polls are a much more pressing concern for Angela Merkel because anti EU sentiment is a rising political force in Euroland. This is despite the fact that Germany has been one of the major beneficiaries of the EU. Diluting the Deutschmark with the Drachma/Lira/Peso, etc has enabled an exponential growth in German exports - which just reached a record-breaking €1 trillion.

There is €70 billion deposited in Cypriot accounts, approx €30 billion of that is Russian. Obviously this move by the Troika will lead to an exodus of all expatriate funds from Cyprus and it threatens the banking stability of PIIGS. That denouement was inevitable once Brussels suggested an arbitrary levy on Cypriot accounts. Wheth