Tag Archives: Cyprus: Brussels v Moscow – Threats

John Ward – Cyprus: Brussels v Moscow – Threats, Lies And Doubts On All Sides Slog Banking Source Suggests Russian Back-Pedalling – 21 March 2013

SiluanovRussian Finance Minister Anton Siluanov….concerned about cost of Cyprus bailout?

The “no” vote from Nicosia and wholesale decamp to Moscow is producing mixed signals all round

Brussels continues to salt the press with opinions and TINA ( there is no alternative) pieces this morning, the bottom line being that “we are not convinced there is an alternative to levying depositors, and total bailout put-line of a €10bn package from the eurozone”. But then, Dutch Finance Minister Jeroen Dijsselbloem, who chairs the meetings of finance ministers and probably drafted the release, said that the euro group “stands ready to assist Cyprus in its reform efforts.” Continue reading