Cyprus paradise lost in time
72 images Created 20 Apr 2013
Cyprus paradise lost for russians. In 2012-2013 the Republic of Cyprus has fallen into an economic crisis due to the problems of Cypriot banks to Greek debt. The Cypriot economy is known as junk by international rating agencies, along with the government's inability to solve all problems. March 25, 2013, was announced a bailout of 10 billion euros. Cyprus agreed to close its second largest bank, the Cyprus Popular Bank (also known as Laiki Bank) with consequent prejudice to their customers, many from other countries , mainly from Russia, using Cyprus as a tax haven. All insured deposits of 100,000 euros or less will not be affected. Many of the 50,000 Russians living here together with Poles, Ukrainians, Greeks and more. Now they blames European politicians for conducting “experiments in Cyprus. Europe could have helped a small community like Cyprus without big sacrifices and they think that will be further experiments in Ireland, Malta and Slovenia.