Cyprus: The Next stage in Euro Crisis

Cypriots have been on the streets demanding their money back ever since the government took the incredible decision to take money out of the savings of its people, without asking them.


"It's worse than a war. At least in a war you know who your enemies are" a Cypriot said.

The government has since reversed its decision but the crisis has just begun. Who are the Cypriots enemies? Many say Germany and many say the EU.

On this week's INFocus, we travel to Cyprus to document the next chapter in the European economic crisis. First it was Greece, Portugal, Spain and Ireland, now it is Cyprus.

Cyprus Laundering Money for the Russian Mob ?

Is EU Demanding Percentage Of Cyprus Bank Savings Accounts Because Wealthy Russians Hide Money There . Cyprus is not a tax haven for Russia. it is the tax haven for Russian billionaires and millionaires. Russia investment is five times the total economic output for Cyprus and they account for about 1/3 of the total. one is the fertilizer magnate who is the biggest holder.

Almost 40 percent of deposits in Cypriot banks belong to foreigners, with CNBC's Robert Frank; and Ken Rijock, financial crime consultant; Mark Hannah, Former Kerry & Obama Campaign Aide; and Chip Saltsman, Former Huckabee Campaign Manager, discuss.