Wednesday, April 10, 2013

Cyprus banking crisis

Recently in Europe there has been a huge banking crisis in Cyprus that is causing a major uproar from Mr. Putin. He is mad because Russia has billions of dollars put into different places in Europe, and a lot in Cyprus's banks. Some of the European leaders decided to raid the Cyprus bank accounts and steal money to try to keep them afloat. This commotion is most likely going to make some countries stop using the Euro as their currency and people are going to begin investing their money in Asia and U.S. stock markets, because their money isn't safe in Europe right now. Putin also has so much control in Europe that if he wanted to he could shut the whole continent down because Russia's money is making everything run. Europe is going to have some big things to talk about in the coming months.

http://www.policymic.com/articles/33967/cyprus-bank-crisis-is-europe-s-poison-pill-going-to-cause-a-rush-for-the-dollar

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