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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Negotiators from Antigua and Barbuda and the United States held recent consultations with the Caribbean territory seeking to achieve meaningful compensation for the hurt caused to its remote gambling industry as a result of a number of laws criminalizing remote gambling services offered to American consumers.
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It isn’t a nuclear holocaust that Antigua and Barbuda want, but a trade war over the right of the twin island nation to export Internet gambling to paying customers in the United States — a right Antigua says it is entitled to under the rules of the World Trade Organization, but that the U.S. Justice Department opposes.
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“As a small country, it is not our intention to have a fight with the United States. But we believe also that as a sovereign nation we are entitled to all the rights and the protection of the WTO,” Lovell said yesterday in a phone interview. “We believe the time has come (to pursue sanctions) having exhausted all other possibilities.”
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