Post
Topic
Board Bitcoin Discussion
Re: Another reason bitcoin will succeed: US to target Putin's $40 billion stash
by
Littleshop
on 23/04/2014, 23:02:27 UTC
The loss was huge.  They got money from Europe ( more billions ) and still had to haircut their own citizens.

They didn't got any monetary grants from Europe. All the EU did was to re-structure their debts, i.e to transfer the debts to European banks with more flexible terms. On the other hand, Russia was offering them grants.

http://en.wikipedia.org/wiki/2012%E2%80%9313_Cypriot_financial_crisis#Request_for_EU_intervention_and_agreement

Sure they did.  They got 10 Billion Euros from the EU.