The money of German housewives should not bail out Russian oligarchs , writes Quest . By James Quinn and David E. Sanger Taxing deposits under €100,000 at over 6 % is effectively punishing the Cypriot people . For example , you could not realistically have the money of German housewives bailing out Russian oligarchs . Quest : The Eurozone has shown it is better at creating crises than confronting them .
The money of German housewives should not bail out Russian oligarchs , writes Quest . By James Quinn and David E. Sanger Taxing deposits under €100,000 at over 6 % is effectively punishing the Cypriot people . Quest : The Eurozone has shown it is better at creating crises than confronting them .