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-- -- Now may be the Dow is so much lower because.
I gotta say that the bailout situation in Cyprus continues to unravel the European Central Bank has given the country -- about four days.
Get your act together -- you don't get any got a bailout money.
And it seems to be that black you may have -- -- and the Russian mob.
Is those guys against Angela Markel and the Germans ask us used to be setting up shop that.
Christian in Washington joins us right now Christian you have some experience in this area correct.
A little bit you know you look at the way Russia promotes its interest around the world that we see this of course now in Cyprus Cyprus made a decision in the ninety's they had -- until recently a Communist pro Russian.
President to may have attracted a lot of Russian money run of -- Russian Russian mob money basically that's right including money that's been expropriated Russian tax money that's found its wow that's what it's gonna last not this moment.
They've taken somehow or other siphoned off tax money from the Russians -- what I think of the mob I think of prostitution drugs and illegal gambling.
But in Russia it siphoning off tax money is that it.
That's reds won many many things you have vowed magnitude -- -- just don't want a lot of scrutiny don't want IRS scrutiny don't want Swiss banking scrutiny so Cyprus is the place ago.
But it's not just.
Traditional monsters of course there's a nexus in Moscow especially in Putin's Russia.
Between the governments and between officials and a corrupt individuals don't say it is -- Powell's with the mob.
Well in a way yes you'd be you'd think that he wouldn't really mind if people who are skirting Russian taxes hiding money in Cyprus we're getting a 10% haircut you think he wouldn't mind you might actually like that but he's very upset in the Cypriot foreign ministers in Moscow today groveling.
So hey you've got the Cypriot government saying we're gonna grab some about Russian mob money.
But I was the Germans who told him to do that wasn't.
That's right onto a Merkel basically saying eat your vegetables with they truly terrible being.
Beyond keynesian almost socialist money grab and it's it's the Germans it's.
The ECB it's Brussels and it's the IMF as well all of these that actors you bullets.
You've got Cyprus in the middle playing off the Russian -- And Angela -- and Germany that's basically how it works isn't it I think so -- -- there's a notion that Cyprus might trade its mineral rights in return for Russian bank but.
Frankly they know that the Germans for all their tough talk still wanna preserve the Euro at all costs and isn't going to kick anyone out of -- as a -- right so if push comes to shove do you think that Angela Markel will relent and -- ought to keep the Russians now to keep -- hands off.
A Cypriot oil and gas will give you some more bailout money you think it comes to that I think something will happen you know there's going to be a disaster on Monday when banks open even if this has been taken off the table average cypriots.
Or Russian mobsters are gonna realize they no longer have a haven in Cyprus they thought so this has they the probability.
We have basically bringing the entire European crisis back to before back to the front page that I progress such as it is in the last couple years -- I think has already I think that's part of the reason why the Dow is now down 67 points because it's in the -- rolls -- I think not Cyprus could be the first country to lead the Europe.
Regardless of what the Russians on the Germans do.
When -- -- -- ten seconds I think so probably and frankly they ought to it'll be very hard -- average cypriots but they neither own currency they needed to value they ran up the credit card bill and now they need to pay the price all right so Christian Warrington thanks very much for joining us who do appreciate -- thank mr.
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