Cyprus—the Russian Angle

Creating a foundation to project power through the Mediterranean and into the Middle East by wrestling Cyprus out of Russian hands is the goal.

Sometimes a non-mainstream observer of the world scene comes up with real food for thought. Such was the case this week when British blogger Alexander Boot reflected on the actions of Russia and Germany in regard to the Cyprus situation.

Boot asks an obvious question, “The question is why the ECB and IMF, which is to say Germany, made this raid a precondition for the bailout of Cyprus? After all, they were more lenient when bailing out Portugal, Ireland, Greece and Spain. Why single out Cyprus for rough treatment?” (March 19).

Attending to his own question, Boot retorts, “The answer is obvious: Cyprus is a floating refuge and laundromat for dirty Russian money.” Continue reading