Quote:
Originally Posted by Osem
What sort of precedent will this sort of thing set? Basically rules are only rules when the Eurocrats decide they are... |
And when it passes the Cypriot Parliament. The Government of the member state still has to approve it. You may say that they are left with little choice but to accept, much like someone in debt would have to accept the unfair terms of a loan shark, but that's a situation they found themselves in. They're still free to face the consequences of running out of money however. What they cannot have is the bailout with no strings attached.
Hopefully people will see sense and they come back with a more rational set of conditions.