Prime Minister Dmitry Medvedev on Thursday intensified his criticism of a plan by European financial authorities to rescue the Cypriot economy, labeling it as "completely absurd," in the most colorful response yet by Russian officials to the controversial measures.
The proposal to impose a one-time levy on deposits in Cypriot banks came as a surprise, with the scheme being "unpredictable and inconsistent," Medvedev said. "I went online this morning; it turns out that yet another Plan B or C has been published," he told participants in the international conference on partnership with the European Union.
Nicosia is seeking to produce a new bailout plan after its parliament defeated an initial proposal to impose up to 9.9 percent in tax on bank deposits — a move that had been agreed upon with European finance ministers — or Eurogroup, the European Central Bank and the International Monetary Fund, but not with Russia.
Read more: Medvedev Calls Cyprus Plan 'Absurd' | News | The Moscow Times
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