“Brothers, don’t betray us!”

25 Mar

I don’t understand why it is money laundering when it’s in Cyprus, when in London it’s a perfectly respectable company.”

Seriously? Isn’t it self evident…?

When the Russians leave who is going to stay at the Four Seasons for $500 a night? Angela Merkel?” one wealthy Russian asks rhetorically, as The FT reports, they are receiving a deluge of overseas phone calls from helpful Swiss bankers looking to swoop up the deposit transfers. “The locals should understand: as soon as the money leaves, the people who go to restaurants, buy cars and buy property leave too. The Cypriots’ means of living will disappear,”

It’s already gone…

Zero Hedge

 

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