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View Diary: BREAKING: Cyprus Deal Announced (53 comments)

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  •  I have my doubts about the 'Russian mafia' (0+ / 0-)

    Why would Germany risk riling up the Bear next door?  I  just read recently that Germany has decided to repatriate its gold holdings.  Some from the US, some from the UK and all holdings in France.

    It's my understanding they moved it out because they were afraid of Russia (understandably so).  They felt it was better to move the gold further 'west' to keep it out of their hands.  Now there is no risk of that happening, so they're bringing the gold back.

    So why then would they risk a conflict by seizing Russian mafia money in Cypriot banks?  I understand they (Germany) are behind this move.  

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