He tried to sell Cyprus gas exploration rights in Moscow to Gazprom, Putin's gas company, but was rejected. I expect he will try and go to ground in some 'safe' country. He may not succeed.
Cyprus President Nicos Anastasiades, in the job for a little over a month, appointed judges on Tuesday to investigate possible political and regulatory failures in the island's economic demise, as well as the role of banks. I doubt if anyone will be held accountable.
A company, Popular, has been reported as making the following transactions in the run up to the crisis. A list of business which had moved money out of Popular in the run up to the bailout deal included a company in Limassol, whose owners are related to Anastasiades by marriage.
The list, produced in the Communist party newspaper Haravghi on Sunday and reproduced by other media, said the company, A. Loutsios and Sons, had moved some 21 million euros (17.8 million pounds) out of the bank.
The company said it had moved 10.5 million euros to Barclays Bank Plc in Britain, and the remaining amount to Bank of Cyprus in order to complete real estate transactions.
That's the way the money goes!