Cyprus has sunk into the sea. Well, maybe not actually sunk in a folks drowning sense, but that is certainly what happened to Cyprus as an offshore centre -- the once highly-touted "offshore gateway" for the Russian wealthy.
Jay Adkisson, Contributor, Forbes
Mon, 03/25/2013 - 11:01am
Cyprus has sunk into the sea. Well, maybe not actually sunk in a folks drowning sense, but that is certainly what happened to Cyprus as an offshore centre -- the once highly-touted "offshore gateway" for the Russian wealthy.