In the event of a eurozone debt crisis, maybe you should be working for a Russian bank?

Despite the distraction provided by the London Olympics, the eurozone crisis hasn't gone away. Angela Merkel, Mario Monti and Francois Hollande have been insistent that they will do whatever is necessary to hold the eurozone together, but Germany has effectively refused to recapitalise the precarious Spanish banking system, lending to the Spanish government instead. As a result, borrowing costs for the Spanish government have been rising to unsustainably high levels.

In the event that the eurozone collapses, you may wish to be working for a Russian bank.

Standard & Poors pointed out this week that most Russian banks don't rely on eurozone-based investors for funding. As a result, they should be relatively immune to contagion in the event of a eurozone crisis, said S&P.

This does not apply to French, German and British banks. VTB and Troika/Sberbank look like a safe bet.