Bailing Out Oligarchs EU Aid for Cyprus A Political Minefield for Merkel

The EU is likely to bail out the banks of tiny member state Cyprus with 10 billion euros of credit. But a secret German intelligence report reveals that the main beneficiaries of the aid would be rich Russians who have invested illegal money there. It's a big dilemma for Chancellor Angela Merkel.
Palm trees in Limassol, Cyprus, seen as a haven for rich Russians.

Palm trees in Limassol, Cyprus, seen as a haven for rich Russians.

Petros Karadjias/ AP