cypriot banks

Macro Viewpoints

Cyprus Citizens vs. Russian Oligarchs

Cyprus has found its way into the epicenter of the European debt crisis by forcing their government to publicly choose whether they’re on the side of their citizens or whether they’ll side with billions of Rubles. It’s been several months since we’ve discussed the European debt crisis, which has now been brought to the fore by tiny little Cyprus. This little island in the Mediterranean is home to about 1.2 million people and sits on about 3,500 square miles. This makes its population smaller than Dallas and San …