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U.S. busts alleged Russian mob gambling ring

US federal prosecutors have charged 34 people allegedly linked to the Russian mob with running a high stakes illegal gambling business catering to multi-millionaires and billionaires. Clients, including Russian oligarchs, wracked up debts worth hundreds of thousands and even millions of dollars, the Justice Department said in a statement Tuesday…

Cyprus may need to tax foreign deposit holders to available future bailout

Katinka Barysch: It’s the best solution to banking crisis in Cyprus. It would alienate Moscow, but bring greater EU support The Cypriot parliament has rejected the initial bailout proposed by the eurozone countries and the IMF. MPs were outraged that small savers would be asked to contribute. Now Cyprus might…

How German fears of underwriting Russian oligarchs pushed Cyprus to crisis

Copyright ImageClick to View Protesters raise their open palms showing the word ‘No’ during an anti-bailout rally today outside the parliament in Nicosia, Cyprus. Cypriot ministers were trying to revise a plan to seize money from bank deposits before a parliamentary vote on Tuesday that will secure…  …

Let’s Go Euro

It sort of sneaked up on me, but the Euro 2012 qualifying group stage got fully underway this week. I didn’t catch any games (are they even on TV in the States?) but I do always enjoy watching the outcomes in these early stages, when the minnows are still around…

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