Post
Topic
Board Bitcoin Discussion
Re: Another reason bitcoin will succeed: US to target Putin's $40 billion stash
by
Littleshop
on 22/04/2014, 22:41:43 UTC
That is so not true.  Russia would not have ever bailed out for more than what was already done.  Russia is known for writing off uncollectable debt but not for actual giving out billions to overseas private banks.  

From what I've heard Russia offered billions of $$$ to Cyprus for having a naval base in the island. The Cypriot politicians were worried that if they did so, then they'll be kicked out of the Euro Zone. So instead, they stole the money from their citizens' bank accounts.

The loss was huge.  They got money from Europe ( more billions ) and still had to haircut their own citizens.