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So Cyprus needs to come up with some money from somewhere in order to keep that from happening.
Basically, there are three options at this point...
In particular, the Russian mafia launders a lot of money in Cyprus. The Russian mafia is not about to let anyone steal their money, and they have an international reputation for being absolutely brutal. In the end, pressure from the mafia may have been one of the primary reasons why many Cyprus lawmakers voted against the bank account tax. As Dennis Gartman astutely noted, by voting against the wealth tax they may have literally been saving their own lives...
Cyprus was probably chosen because it is very small (therefore nobody will care too much about it) and because there is a lot of foreign (i.e. Russian) money parked there.
The IMF and the EU could have easily bailed out Cyprus without any trouble whatsoever, but they purposely decided not to do that. Instead, they decided that this would be a great time to test the idea of a "wealth tax".
The whole money stealing scheme went terribly wrong. They did not expect it to back fire on them. They have let the world see, they are willing to steal everyone's money in the banks for their own good. They have revealed they are blood sucking people who will do anything to save their own asses and keep their little group together at the cost of all the people in the world. The have shown that no one's money is safe in any bank no matter the country as they can make demands upon it. The only reason the Cyprus people did not get their money stolen from them was due to the Russians.
No doubt due to many phone calls from the Russians (mob/mafia) that had money in the bank to the parliament members, letting them know what would happen to them and their families if they voted to steal billions from them in the banks. The parliament members thought it best to go against the wishes of the Euro Zone and vote "No" on the levy of deposits.