No. of Recommendations: 5
I depends on Russia. Most of the money in the larger accounts in the two failing banks is Russian. This funding is in Cyprus because the tax rate is less than that in Russia. If Putin decides to punish the oligarchs who are involved, the deal will go through. If he decides to stand up for them, things could get dicey.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.