Take the German political landscape, add Cypriot banks slowly, do not allow to boil… umm, whoops

From a report by Germany’s spy agency in early November arguing that the main beneficiaries of aid to Cypriot banks would be rich Russians who have invested illegal money there, through to a very public bailout veto threat. All in just two months! Speedy work indeed by Germany’s opposition.

From Eurointelligence on Wednesday:

Suddeutsche Zeitung is reporting this morning that the SPD [Social Democratic Party] is considering blocking a Cyprus deal on the grounds that it won’t support tax dumping and money laundering.