Britain’s Royal Air Force is flying out one million euros ($1.3 million) in emergency loans for UK military personnel, as a “contingency measure” in case debit cards and cash machines stop working on the island. Britain’s ministry of defense (MoD) said the flight has a “contingency measure” in case banks in Cyprus stop giving out cash, as the country deals with the fallout from a controversial... 

Cyprus will collect 3.5 billion euros from Russian citizens, taking into account the total amount of deposits. The country is in the process of discussing one-time write-off of 9.9 percent of all deposits exceeding 100,000 euros. Smaller deposits may expect a smaller collection of 6.75 percent. The outflow of Russian money from Cyprus is obvious, but the question is – where will it go? All Cypriot... 

A truly grim Ministry of Finance (MOF) report circulating in the Kremlin today says that a state of “horror and shock” has descended upon the European Union this weekend after the unprecedented announcement that all of the bank depositors in Cyprus will be forced to give up a percentage of their savings in order to bailout their EU bankster overlords. According to this report, EU officials demanded...