Medvedev lambasts EU over Cyprus levy


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Financial Times
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Wednesday March 20 2013

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Medvedev lambasts EU over Cyprus levy
Russian prime minister Dmitry Medvedev lambasted the EU's handling of the Cyprus debt crisis, comparing a plan for a levy on bank deposits to the expropriations under the Soviet Union
Mr Medvedev said the eurozone's bailout proposals risked "undermining trust in financial institutions as a whole", not just in Cyprus.
Criticising the EU for showing the same disregard for small savers the Soviet Union once did, the prime minister added that if an "unprecedented" confiscation of assets in Cyprus banks went ahead, Moscow might reconsider its double taxation treaty with the island nation.
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