Why Russians Love Cyprus and Cyprus Loves Russians

March 5 -- The Greek-speaking second city of Cyprus, Limassol, has all the usual Mediterranean features; warm summers, local delicacies and sandy beaches. It also has 35,000 Russians living there permanently thanks to years of favourable business rates and bank secrecy. Recent pressures from EU sanctions and financial haircuts mean it's not as good a place to be for Russians as it used to. So will Cyprus suffer from a Russian exodus?

JPMorgan's David Kelly Questions Phillips Curve Model
49:07 - David Kelly, JPMorgan Asset Management's chief global strategist, discusses the economic impact of stagnate inflation with Bloomberg's Vonnie Quinn on "Bloomberg Markets." (Source: Bloomberg)
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