Originally Posted by TheSquealer

So one of the last EU havens for tax evasion and money laundering needs a bailout and the EU demands they start taxing the BILLIONS AND BILLIONS of dollars held on behalf of every criminal group in Eastern Europe and beyond.

Oh well.

No one seemed to mind as the money was pouring in for a decade and a 1/2 and things were going good.

I haven't seen any recent stats on Russian holdings in Cypriot banks, but it is well known that Cyprus was THE primary benefactor of the collapse of the Soviet Union where BILLIONS AND BILLIONS flooded into Cypriot banks from Russia and the rest of the CIS/East European gangster states and that pattern has continued since. The Russian government under Yeltsin devoted considerable resources to trying to reclaim/repatriate pilfered money from Cyprus as the problem was massive beyond description.

So.... Whatever.

In the banking world, its been proven time and time again that when you try try to do business in the shadows, it will inevitably catch up to you and there are consequences. If you parked your money in banks that are well known all over the world for doing business with every corrupt government, corrupt officials, arms dealers, drug dealers, gangsters, human traffickers and so on... too fucking bad. You rolled the dice, now you pay.