One Too Many Facts About Cyprus And Its Bailout | Exploring Markets

One Too Many Facts About Cyprus And Its Bailout

"If the proposed haircut goes through, Russian depositors could lose up to $3 billion. No wonder Valdimir Putin is up in arms about the bail-in." - Cato

"There is roughly 70 Billion euros of deposits in Cyprus. Almost half held by non-residents, most believed to be Russian." - Reuters