Putin hits out at "dangerous" Cyprus bank deposit levy

As predicted on this blog yesterday the Russians will defiantly have something to say about this Cyprus bank theft.

From reuters.com

Original source

(Reuters) - Russian President Vladimir Putin criticized on Monday a levy imposed by the European Union on bank deposits in Cyprus as unfair and setting a dangerous precedent.

"While assessing the proposed additional levy on bank accounts in Cyprus, Putin said that such a decision, should it be made, would be unfair, unprofessional and dangerous," Kremlin spokesman Dmitry Peskov told journalists.

Russian citizens account for the majority of the billions of euros held in Cypriot banks by foreign depositors, and Russian banks are heavily exposed to the island as a favored offshore centre for big business.

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News of the Cypriot Banking Crisis reaches the Bunker

If you think Hitler is angry imagine how pissed Putin and his old FSB buddies are right now.

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Charts from goldprice.org

Cyprus parliament delays debate on EU bailout

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From AlJazeeraEnglish