Another reason bitcoin will succeed: US to target Putin's $40 billion stash

[Littleshop]

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. 

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[bryant.coleman]

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

They got € 10 billion in loans from the EU, They will have to pay back this amount in the near future.

[smooth]

http://www.nytimes.com/2014/04/27/world/sanctions-revive-search-for-secret-putin-fortune.html

[bryant.coleman]

http://www.nytimes.com/2014/04/27/world/sanctions-revive-search-for-secret-putin-fortune.html

lol... in the 16th century they searched for Atahualpa's gold. And in the 21st century they are searching for Putin's treasure. The first one was a disaster... and I think that the second one will also parallel that.

[Peter R]

http://www.nytimes.com/2014/04/27/world/sanctions-revive-search-for-secret-putin-fortune.html

This new ZeroHedge post is related to the link Smooth provided above: http://www.zerohedge.com/news/2014-04-27/quest-find-putins-billions.  It is an interesting look at the links between Putin, the Russian Oligarchy, and the vast wealth that is likely held hidden in a complex web of connections.  

It sounds like tomorrow the US and EU will implement the next round of financial sanctions against certain oligarchs loyal to Putin.  For example, the ZeroHedge article claims that Gennady Timchenko, whose net worth is estimated at $15.3 billion (#61 on Forbes' Billionaire List), may be singled out.