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Medvedev Vexed Over EU
Politics ♦
Published: March 25, 2013; 19:57 ♦ (Vindobona)

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In case the government will not come to conclusion how to generate the required money (€ 5.8bn), the ECB will cut off the money supply for Cyprus’ ramshackle banks.

The measure will cause high losses for uninsured foreign investors in Cyprian banks. The majority of them are from Russia. Medvedev considers the bail-out plan, which includes a mandatory levy for assets above the amount of € 100,000 for clients of Cyprus’ two biggest banks, as an act of theft. "The stealing of what has already been stolen continues," Medvedev was cited by news…
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