Damien

Good see they've stepped back from the insane option. Although the tax on higher earners might happen still.

It's not ideal but let's remember that they're the ones asking for a bailout. Cyprus can tell them to 'bugger off' but then they have to either find the money from elsewhere or deal with the consequences of not having the money. Also while anti-German feeling may be high it's not outrageous for them to expect the Cypriot Government to find some of the money themselves rather than getting it all from the German taxpayer and other European nations.