The Way of the Euro

The Euro brings with it a paradox.

The Euro as a single currency has provided monetary mobility for citizens of its member states.
Just remember how it was before: Spain had the peseta, France had the French franc, Germany the German mark, and so on. So every time you traveled from country to country you had to convert your money.

But now the euro has turned the page of restrictions on the movement of capital and other difficulties of convertibility for certain currencies.

Everything happened as if the single currency had been a temporary lucky strike, thanks to low interest rates and conditions of German debt, the specialization of our economies and the reduction of the state weight .

So, the Euro has everything to bring in stability and prosperity to all European members.

Now the European Community wants to straighten things out, but the role of politicians and banks are not clear to me.

The case of Cyprus, in this respect, is very instructive: local bank bankruptcies, driven by losses on obligations of another neighbor of the euro zone default (Greece) which led to the capture of deposits and reintroduction of control of capital flows.

But Cyprus has a singularity: 30% of its capital comes from Russia and the direct action of the ECB (European Central Bank) in Cyprus is still a mystery to me.
The communist party has the majority in Cyprus.
I was just wondering, why Russia did have so much capital in Cyprus, anyway?
What do you think?