Haven for Oligarchs Europe's Mounting Reluctance to Bail Out Cyprus

There is growing resistance in Europe to the planned aid program for Cyprus, because it would also benefit illegal Russian money parked in bank accounts in Cyprus. The government in Nicosia is willing to make concessions, but Brussels is demanding more reforms.
Nicosia, the capital of Cyprus.

Nicosia, the capital of Cyprus.

Foto: Corbis
Translated from the German by Christopher Sultan