The EU should beware of Russian interest in Balkan banks.

Especially when it is disguised.

My latest post at Forbes takes a jaundiced look at who is in the race to acquire Hypo Alpe Adria's network of Balkan banks. I'm not usually much of a conspiracy theorist, but this is the Balkans, after all - the far-fetched is mundane in that part of the world. There is something very shady going on, and I reckon the Russians are behind it.

Read about it here.

Oh, and in case the Balkans look like a black hole to you, here's a map (courtesy of Wikipedia).


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