The Cyprus aftermath is just beginning to work its way through the markets as investors struggle to understand what the Cypriot “bail-in” means for the future of the Eurozone. Now reports are emerging that many of the large, uninsured Russian depositors managed to get their money out the “back door” through affiliate banks and branch offices in other countries even as ordinary Cypriots will have to wait until Thursday to get their money. The EU has also apparently threatened Latvia against wooing any potential Russian depositors toward their banking system. This week on his weekly appearance on Radio Liberty, James Corbett discusses the deal and its fallout with Dr. Stan Monteith.
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