Long-term consequences of extraordinary measures taken in Cyprus are not known yet - Putin

Russian President Vladimir Putin said the long-term consequence of the extraordinary measures taken in Cyprus are not known yet.

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"We see what methods of resolving debt problems are used on specific countries, I mean Cyprus, where the measures that have been taken essentially undermine confidence in the financial system," Putin told a meeting on economic issues.

"Experts are divided on how these extraordinary actions will reflect on the further developments of events in Europe and what the long-term consequences will be," he said.

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