Former Cyprus President Named In Loan Write-Offs Leading To Banking Insolvency

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“We asked ‘how much longer will the rule of law remain in Cyprus once the 99% are generously handed the list of the 1% who were ‘informed’ enough to pull their money from the flaming sovereign equivalent of Bernie Madoff?’ We may get the answer much sooner than expected, as the first iteration of this list, one naming the beneficiaries of millions of loans written off by the now insolvent Cyprus banks and therefore indirectly responsible for the ‘impairment’ of the banks’ depositors, was released yesterday by Greece’s daily Ethnos newspaper. But what virtually assures substantial political fallout is that among the people listed is Cyprus’ former president, George Vassiliou.”

http://www.zerohedge.com/news/2013-03-30/political-fallout-begins-former-cyprus-president-named-loan-write-offs-leading-banki

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