Cyprus’ finance minister has insisted that the island’s banks were not a hub for money laundering and eurozone peers should decide quickly on the indebted island’s bailout bid. The minister’s position comes amid increasing reluctance in the German Bundestag to bail out Cyprus.
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A “secret” report by the German version of the CIA, the Bundesnachrichtendienst (BND) was leaked last November, revealing that any bailout of Cyprus would benefit rich Russians and their €26 billion in “black money” that they deposited in the now collapsing banks.
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