By Dean Popplewell, Contributor
Good luck with the next bailout Europe — in all likelihood that’s what the Russians are saying or at least they should be. Watching the EUR/RUB plummet yesterday in a hair’s breadth appeared to be the beginning of long drawn out retaliation plan to a possible +40% Cypriot deposit haircut on accounts not arbitrarily protected. Mind you, this market needed very little Russian help to pummel the 17-member single unit down to current size. Jeroen Dijsselbloem, who heads the Eurogroup of Eurozone finance ministers, has proven capable of doing all the dirty work singlehandedly. …read more
Source: FULL ARTICLE at Forbes Latest
